Dr Agarwal's Healthcare IPO: Issue price, lot size, important dates and other key details to know
Dr Agarwal's Healthcare IPO: The issue will open its window for bidding from January 29 to January 31, with the anchor investor bidding set to begin on January 28, 2025.
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Dr Agarwal's Healthcare IPO: Eyecare service provider Dr Agarwal's Healthcare Limited, backed by Temasek Holdings and TPG, announced today, January 24, a price band of Rs 382 to Rs 402 per share for its Rs 3,027-crore initial public offering (IPO). The IPO will be opened for subscription from January 29-31, 2025, with the anchor investor bidding set to begin on January 28.
The public issue consists of a fresh issue worth Rs 300 crore and an Offer For Sale (OFS) of up to 6.78 crore equity shares valued at Rs 2,727.26 crore by promoters and existing shareholders at the upper price band.
Dr Agarwal's Healthcare IPO: Allotment and listing date
The basis of allotment for the IPO is scheduled for Monday, February 3, 2025. Refunds will be initiated on Tuesday, February 4, the same day when shares will be credited to investors' Demat accounts. The company's shares are expected to be listed on the stock exchanges on Wednesday, February 5.
Dr Agarwal's Healthcare IPO: Allocation details
The IPO has reserved 50 per cent of the issue size for qualified institutional buyers, 35 per cent for non-institutional investors, and 15 pe cent for retail investors. Eligible employees will also have a subscription component.
Dr Agarwal's Healthcare IPO: Lot size and investment range
Investors can bid for a minimum of 35 shares and in multiples thereof. Retail investors and high-net-worth individuals (HNI) can refer to the detailed table in the prospectus to determine their investment range.
Dr Agarwal's Healthcare IPO: Objective
From the fresh issue, Rs 195 crore will be used to repay or prepay borrowings, with the remaining funds allocated for general corporate purposes and unidentified inorganic acquisitions
About Dr Agarwal's Healthcare
Incorporated in 2010, Dr. Agarwal's Healthcare offers a wide range of eye care services, including cataract, refractive, and other surgeries, consultations, diagnoses, non-surgical treatments, and the sale of optical products and eye care pharmaceuticals.
As of September 30, 2024, the company operated 193 facilities, primarily in South India, including Chennai, Hyderabad, and Bengaluru, with a growing presence in Western India. It employs 737 doctors and served 2.13 million patients in FY24, performing 220,523 surgeries. In the six months ending September 30, 2024, the company served 1.15 million patients and conducted 140,787 surgeries.
Company's financial performance
For FY24, Dr Agarwal's Healthcare reported revenue of Rs 1,332.15 crore, with a profit after tax of Rs 95.05 crore.
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