Dr Agarwal Healthcare IPO is prepared to open for subscription from January 29 to January 31, 2025. The allotment for the upcoming IPO is likely to be finalized by February 3, 2025. The company plans to raise approximately 3027.26 crore which will consist of a combination of fresh issue of Rs 300 crore and offer for sale (OFS) of Rs 2727.26 crore. It will be listing on the BSE and NSE with the listing date set as February 5, 2025. Check key details below:
Price Band
The price band has been set at Rs 382- Rs 402 apiece. One lot will include approximately 35 shares that will translate to a minimum investment of nearly Rs 14,070. Meanwhile, the minimum lot size investment for sNII or small non-institutional investor will be 15 lots or 525 shares that will amount to Rs 2,11,050. Meanwhile, for bNII or big non-institutional investors, the minimum lot size will be 72 lots or 2520 shares that will be amount to Rs 10,13,040.
Allotment Date
The allotment for the IPO will come to an end on Monday, February 03, 2025.
Listing Date
The shares will be listed on NSE and BSE on February 5, 2025.
Allocation Details
Dr Agarwal Healthcare IPO has reportedly fixed 50% of the issue size for qualified institutional buyers, 35% set for non-institutional investors, and the remaining 15% has been fixed for retail investors.
It is worth mentioning that the book running lead managers of the issue include Morgan Stanley India Company Pvt Ltd, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and Motilal Oswal Investment Advisors. On the other hand, Kfin Technologies will be registrar for the upcoming IPO.
Latest GMP
According to investorgain.com, Dr. Agarwal’s IPO latest GMP stood at Rs 51, (as on Jan 25, 2025 at 01:53 PM). If the price band of 402.00 is taken into consideration, The upcoming IPO’s expected listing price will be Rs 453 (cap price of Rs 402+ latest GMP of Rs 51).The likely percentage gain/loss per share is 12.69%.
About
It has emerged as the pioneer in the field of Laser Cataract surgery. It has been in the services of Ophthalmology for the last 75 years. The International Council of Ophthalmology has recorgnized Dr Aggarwal as one of the renowned eye hospitals in the world. It came into existence in 2010 and today offers a wide range of eye care services that include cataract & refractive surgery, diagnosis, optical products, and contact lenses, among others, according to its official website.
Disclaimer
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