Dr Agarwals’ ₹3,027 cr IPO booked 1.49 times

The ₹3,027.26 crore IPO of Dr Agarwals Health Care, which was a combination of fresh issue worth ₹300 crore and offer for sale of 6.78 crore shares amounting to ₹2,727.26 crore, received subdued response from investors. The issue was subscribed 1.49 times, led by 4.4 times booking in the qualified institutional investors (QIB) segment. The quota reserved for retail investors was subscribed 0.42 times and that non institutional investor (NII) by 0.39 times. The healthcare company had reserved half of the issue for QIB, 15% for NIIs and remaining 35% for retail investors.

The eye care hospital chains operator firm offered shares at a price band of ₹382 to ₹402 per equity share, which opened for subscription between January 29-31. The lot size was 35 shares and in multiple thereafter.

Established in 2010, Dr. Agarwal’s Health Care, under the leadership of Dr. Amar Agarwal, who has over 35 years of experience in the eye care sector, offers a comprehensive range of eye care services, including cataract and refractive surgeries, with the support of 737 doctors as on September 30, 2024. In the six months leading up to September 30, 2024, the company served 1.15 million patients and conducted 140,787 surgeries, while they overall served 2.13 million patients and performed 220,523 surgeries. 

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