Paras Healthcare Limited IPO

We have incurred loss for the year of Rs. 153.31 million, Rs. 427.92 million and Rs. 148.08 million during Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. We cannot assure you that we will generate profits and not incur losses in the future.

We are highly dependent on doctors, nurses and other healthcare professionals and if we are unable to attract, retain or train such professionals, our business, results of operations and financial condition may be adversely affected.

All of our hospitals are located in North India, including, the four hospitals which have been operational for over five years and on which we are dependent for a significant portion of our revenues. Consequently, any adverse.

We generate a significant portion of our revenues from the provision of cardiac sciences, oncology, neuro sciences and gastro sciences specialties which contributed 59.58%, 58.41% and 54.00% of our revenue from operations for Fiscal 2024, 2023 and 2022, respectively. Any adverse developments in the demand for such services or changes in technology could render such offerings obsolete and could adversely affect our business, results of operations and financial condition.

The provision of healthcare services involves high costs such as employee benefit expenses, rent and facility fees, retainers and consultants fee and purchase of equipment and consumables, which we may fail to pass on to patients, which could adversely affect our business, results of operations and financial condition.

Regulatory reforms in the healthcare industry and the uncertainty associated with pharmaceutical pricing including any regulation to provide uniform pricing and discounted pricing for all patients could adversely affect our business, results of operations and financial condition.

We may not be successful in expanding our hospital network, developing our proposed hospitals and may not achieve operating capacities that we anticipate, any of which could adversely affect our business, results of operations, financial condition and prospects.

We are dependent on revenue generated from our in-patient department. If we are unable to maintain and increase our hospital occupancy rates, our operating efficiencies and profitability may be adversely affected.

Our business depends on the strength of our brand and reputation and any negative publicity or allegations in the media against us, may adversely affect the level of trust in our services and have an adverse effect on our business, financial condition, results of operations and prospects.

We operate most of our hospitals through revenue share arrangements and long term leases and any adverse developments in our relationships with our counter parties, or our inability to renew such leases could adversely affect our ability to operate such hospitals.