Published : January 27, 2025
Dr. Agarwal’s IPO is set to raise ₹3,027.26 crores through a book-built issue. This includes a fresh issue of 0.75 crore shares worth ₹300 crores and an offer for sale (OFS) of 6.78 crore shares amounting to ₹2,727.26 crores.
The IPO will be open for subscription from January 29, 2025, to January 31, 2025. The allotment of shares is expected to be finalized on Monday, February 3, 2025. Following this, Dr. Agarwal’s IPO is likely to list on both the BSE and NSE, with a tentative listing date of Wednesday, February 5, 2025.
Founded in 2010, Dr. Agarwal’s Health Care Limited specializes in a wide range of eye care services. These include cataract and refractive surgeries, consultations, diagnostic services, non-surgical treatments, and the sale of optical products, contact lenses, accessories, and eye care-related medicines.
By September 30, 2024, the company had a team of 737 doctors serving patients across its facilities. Over this period, they treated 2.13 million patients and performed 220,523 surgeries. In the six months leading up to September 30, 2024, they attended to 1.15 million patients and carried out 140,787 surgeries.
The company offers a range of services, including cataract surgeries, refractive surgeries, and other surgical procedures. As of September 30, 2024, its network in India consists of 28 hubs (tertiary facilities, including three Centers of Excellence) and 165 spokes (53 primary and 112 secondary facilities).
The company operates across 117 cities—both metro and non-metro—spanning 14 states and four union territories, with a total of 193 facilities.
The company plans to use the net proceeds from the new issue to repay or prepay part of its borrowings. Additionally, the funds will be allocated to meet general business needs and support potential future acquisitions.
Open and Close Date of Dr. Agarwal’s Health Care IPO
The subscription for the IPO will be open from January 29, 2025, and closes on January 31, 2025.
| IPO Open Date | 29 January, 2025 |
| IPO Close Date | 31 January, 2025 |
Dr. Agarwal’s Health Care IPO Share price
The price band for the Dr. Agarwals’s Health Care IPO has been set at ₹382 to ₹402 per share.
| IPO Price Band | ₹382 to ₹402 per share |
The Promoters of the Company are Dr. Amar Agarwal, Dr. Athiya Agarwal, Dr. Adil Agarwal, Dr. Anosh Agarwal, Dr. Ashvin Agarwal, Dr. Ashar Agarwal, Dr.Adil Agarwal Family Trust, Dr. Anosh Agarwal Family Trust, Dr. Ashvin Agarwal Family Trust, Dr. Ashar Agarwal Family Trust, Dr Agarwal’s Eye Institute Private Limited.
| Share Holding Pre-Issue | 84.94% |
| Share Holding Post Issue | |
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