Dr Agarwal's Health Care IPO: Check key dates, price band, latest GMP & other details

Dr Agarwal's Health Care is set to launch its initial public offering (IPO) on Wednesday, January 29, with shares priced between Rs 382 and Rs 402 per piece. The IPO will remain open for bidding until Friday, January 31.

The IPO of Dr Agarwal's Health Care includes a fresh share sale of Rs 300 crore, while an offer-for-sale (OFS) of up to 6,78,42,284 equity shares worth Rs 2,727.26 crore by its promoters and existing shareholders. At the upper end of the price band, the company is likely to raise a total of Rs 3,027.26 crore via IPO.

About Dr Agarwal's Health Care

Founded in 2010, Chennai-based Dr Agarwal's Health Care specializes in eye care services, offering cataract and refractive surgeries, consultations, diagnostics, non-surgical treatments, and sales of optical products, contact lenses, and eye care pharmaceuticals.

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Dr Agarwal's Health Care IPO: GMP today

The grey market activity signals strong demand, with today's GMP of Rs 90-100 indicating a potential listing premium of about 22%.

Dr Agarwal's Health Care net proceed

The net proceeds from the issue shall be utilized towards repayment/prepayment, in part or full, of certain of the borrowings; general corporate purposes; and unidentified inorganic acquisition. The anchor book for the issue shall open on Tuesday, January 28. Last heard, the company commanded a grey market premium of Rs 164 apiece, suggesting a 41 per cent gains for investors.

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Dr Agarwal's Health Care listing and allotment date

The allotment for the IPO is expected to be finalised on February 3 and the listing of shares will be on February 5.

Dr Agarwal's Health Care financials

Dr Agarwal's Health Care reported a net profit of Rs 39.56 crore with a revenue of Rs 837.94 crore for the six months ended on September 30, 2024. It clocked a net profit of Rs 95.05 crore with a revenue of Rs 1,376.45 crore for the financial year 2023-24.

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Dr Agarwal's Health Care other details

As of September 30, 2024, Dr Agarwal's Health Care had 737 doctors providing care across its facilities. During this period, the company served 2.13 million patients and conducted 220,523 surgeries.

The IPO has reserved 15,79,399 shares worth Rs 63.49 crore for eligible employees and 11,29,574 shares for shareholders of Dr Agarwal's Eye Hospital. Of the net offer, 50% is allocated to Qualified Institutional Bidders (QIBs), 35% to retail investors, and 15% to non-institutional bidders.

Kotak Mahindra Capital Company, Morgan Stanley India, Jefferies India, and Motilal Oswal Investment Advisors are the book-running lead managers for the IPO, with KFin Technologies acting as the registrar. Shares of the company shall be listed on both BSE and NSE.

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