Mr Verma was returning home accompanied by a friend and a bodyguard from an event at Chandigarh's Elante mall. There are conflicting reports about the precise sequence of events of the shooting. Initial reports had suggested that the singer was shot in the leg by the assailants after he had sent his bodyguard home.
News agency IANS later reported that a white Hyundai Creta car had followed the singer's Toyota SUV from Chandigarh. The car then stopped in front of Mr Verma's SUV near Sector 74 in Mohali, which is when the assailants shot at the singer.
Mr Verma's friend was injured from the shooting as well.The singer and his friend were both rushed to Fortis Hospital in Mohali soon after. Hospital authorities said that the singer and his friend are now both out of danger.
"Some unidentified persons fired shots at Parmish last night at Sector 91 in Mohali when he was returning home," Mohali Senior Superintendent of Police Kuldeep Chahal told news agency PTI.
At around 4 am the same day, Dilpreet Singh Dhahan, a local gangster, took to social media to claim responsibility for the shooting.
In a Facebook post, the gangster said that Mr Verma was "tried his best to escape, but eventually suffered." The gangster said in the post that he had "warned" the singer, saying that their "face to face" meeting had cost him.
In the post, the gangster also said that the singer had a choice of whether he wanted to "listen to others."
The gangster also said that Mr Verma was "lucky to be alive".
The gangster shared two images in the Facebook status, with one image showing the gangster posing with a pistol and the other of thesinger, marked with a red cross in a sign that the gangster had 'eliminated' his target.
The gangster's motive to claim responsibility for the shooting was unclear.
Apart from Dilpreet Singh Dhahan, members of the Sampat Nehra gang have also claimed responsibility for the attack, according to news agency IANS.
After the gangster's Facebook status emerged, police officials have said they would investigate the incident from this angle as well.
A First Information Report or FIR has also been registered against unknown individuals.
News agency IANS has also said that Mr Verma will likely be provided with police protection after the shooting.The singer's popular 'Gaal Ni Kadni' song has over 118 million views on YouTube.
(With Inputs From Agencies)