Analysis- Park Medi World IPO

PROs:

  • 2nd largest hospital chain in North India

  • Largest hospital in Haryana with 1600 bed capacity

  • Follows cluster based expansion approach for business expansion

  • valuations inexpensive

  • Market sentiment positive

  • acquired hospitals; integrated and made profitable

  • profitable and positive cash flow

CONs:

  • 74% revenue from Haryana state only.

  • approx. 90% revenue from Government.any delays can affect cash flows.

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