New Delhi, Dec. 11 -- The initial public offering (IPO) of Park Medi World, which operates the Park Hospital chain across North India, opened for subscription on December 10 and will remain open until Friday, December 12. The company is targeting Rs.920 crore through the issue and saw a muted response, with the IPO subscribed just 0.63 times till now.

The offer includes a fresh issue of 4.75 crore shares amounting to Rs.770 crore and an offer for sale (OFS) of 0.93 crore shares worth Rs.150 crore.

The price band has been set at Rs.154 to Rs.162 per share.

The allotment of shares is scheduled to be finalised on December 15. Successful bidders are expected to receive shares on December 16, while refunds for those not allotted will also b...