AZB, S&R, Hogan Lovells Act On Paras Healthcare’s ₹1450 Cr IPO

November 3, 2026

AZB & Partners, S&R Associates and Hogan Lovells Cadwalader advised on Paras Healthcare’s INR 1450 crore IPO.

Paras Healthcare Limited, a leading clinical specialty-led hospital platform providing tertiary and quaternary healthcare services, undertook an initial public offering (IPO) aggregating INR 14.5 billion (INR 1,450 crore).

AZB & Partners advised Paras Healthcare and its promoter selling shareholder Dr. Dharminder Kumar Nagar on the initial public offering. The book running lead managers were JM Financial, BofA Securities India and Nuvama Wealth Management.

The deal team included Varoon Chandra, Agnik Bhattacharyya, Sweta Ananthanarayanan, Tanaiy Tewari, Harsh Vardhan Singh, Vaibhav Kumar Shah, Kriti Agarwal, Hemant Bohra and Sourabh Singh.

S&R Associates represented JM Financial, BofA Securities and Nuvama Wealth Management, the book-running lead managers, in the IPO.

The S&R team was led by Partner Juhi Singh and Counsel Mohnish Mathew, and included Associates Monisa Mohanty, Utkarsh Mani Tripathi and Nathaniel Jordan Warjri.

Hogan Lovells Cadwalader served as the international legal counsel for the book-running lead managers.

The transaction was led by Head of the India Practice and Dubai Office Managing Partner Biswajit Chatterjee, with support from Counsel Varun Jetly and Associate Sanjana Ravjiani.

Agnik Bhattacharyya, Biswajit Chatterjee, Harsh Vardhan Singh, Hemant Bohra, Juhi Singh, Kriti Agarwal, Mohnish Mathew, Monisa Mohanty, Nathaniel Jordan Warjri, Sanjana Ravjiani, Sourabh Singh, Sweta Ananthanarayanan, Tanaiy Tewari, Utkarsh Mani Tripathi, Vaibhav Kumar Shah, Varoon Chandra, Varun Jetly

Healthcare

Capital Markets – Equity

The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at connect@thedealmatter.com mentioning your firm’s name, lawyers involved (including designation) and client represented.