Dr Agarwals Healthcare IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 29 to Jan 31 2025
Price Band
₹382 - 402
Current GMP
₹402 (0.0%)
Subscription
1.49 times
IPO Details
| IPO Date | January 29, 2025 to January 31, 2025 |
| Listing Date | Wednesday, February 5, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹382 to ₹402 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 7,53,04,970 shares (aggregating up to ₹3,027.26 Cr) |
| Fresh Issue | 74,62,686 shares (aggregating up to ₹ 300.00 Cr) |
| Offer for Sale | 6,78,42,284 shares of ₹1 (aggregating up to ₹2,727.26 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 30,84,17,160 shares |
| Share Holding Post Issue | 31,58,79,846 shares |
IPO Date
January 29, 2025 to January 31, 2025
Listing Date
Wednesday, February 5, 2025
Face Value
₹1 per share
Price Band
₹382 to ₹402 per share
Lot Size
35 Shares
Total Issue Size
7,53,04,970 shares (aggregating up to ₹3,027.26 Cr)
Fresh Issue
74,62,686 shares (aggregating up to ₹ 300.00 Cr)
Offer for Sale
6,78,42,284 shares of ₹1 (aggregating up to ₹2,727.26 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share Holding Pre Issue
30,84,17,160 shares
Share Holding Post Issue
31,58,79,846 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 4.41 |
| Non-Institutional Buyers | 0.39 |
| bNII (bids above ₹10L) | 0.29 |
| sNII (bids below ₹10L) | 0.54 |
| Retail Investors | 0.42 |
| Employees | 0.26 |
| Others | 0.51 |
| Total ** | 1.49 |
Anchor Investors
1
Qualified Institutions
4.41
Non-Institutional Buyers
0.39
bNII (bids above ₹10L)
0.29
sNII (bids below ₹10L)
0.54
Retail Investors
0.42
Employees
0.26
Others
0.51
Total **
1.49
Day Wise Sub
| Day | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Other | Total |
|---|---|---|---|---|---|---|---|---|
| Day 1 Jan 29, 2025 | 0 | 0.06 | 0.04 | 0.09 | 0.12 | 0.09 | 0.14 | 0.07 |
| Day 2 Jan 30, 2025 | 1.01 | 0.12 | 0.08 | 0.2 | 0.24 | 0.17 | 0.25 | 0.42 |
| Day 3 Jan 31, 2025 | 4.41 | 0.39 | 0.29 | 0.54 | 0.42 | 0.26 | 0.51 | 1.49 |
DayDay 1
Jan 29, 2025
QIB0
NII0.06
NII (> ₹10L)0.04
NII (< ₹10L)0.09
Retail0.12
EMP0.09
Other0.14
Total0.07
DayDay 2
Jan 30, 2025
QIB1.01
NII0.12
NII (> ₹10L)0.08
NII (< ₹10L)0.2
Retail0.24
EMP0.17
Other0.25
Total0.42
DayDay 3
Jan 31, 2025
QIB4.41
NII0.39
NII (> ₹10L)0.29
NII (< ₹10L)0.54
Retail0.42
EMP0.26
Other0.51
Total1.49
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 04-02-2025 | 402.00 | -4(-1.00%) | 398 |
| 03-02-2025 | 402.00 | -4(-1.00%) | 398 |
| 02-02-2025 | 402.00 | 0.5(0.12%) | 402.5 |
| 01-02-2025 | 402.00 | 1.5(0.37%) | 403.5 |
| 31-01-2025 | 402.00 | 0(0.00%) | 402 |
| 30-01-2025 | 402.00 | 1.5(0.37%) | 403.5 |
| 29-01-2025 | 402.00 | 5(1.24%) | 407 |
| 28-01-2025 | 402.00 | 12(2.99%) | 414 |
| 27-01-2025 | 402.00 | 13(3.23%) | 415 |
| 26-01-2025 | 402.00 | 32(7.96%) | 434 |
| 25-01-2025 | 402.00 | 30(7.46%) | 432 |
| 24-01-2025 | 402.00 | 54(13.43%) | 456 |
Date04-02-2025
Price402.00
GMP-4(-1.00%)
Estimate List Price398
Date03-02-2025
Price402.00
GMP-4(-1.00%)
Estimate List Price398
Date02-02-2025
Price402.00
GMP0.5(0.12%)
Estimate List Price402.5
Date01-02-2025
Price402.00
GMP1.5(0.37%)
Estimate List Price403.5
Date31-01-2025
Price402.00
GMP0(0.00%)
Estimate List Price402
Date30-01-2025
Price402.00
GMP1.5(0.37%)
Estimate List Price403.5
Date29-01-2025
Price402.00
GMP5(1.24%)
Estimate List Price407
Date28-01-2025
Price402.00
GMP12(2.99%)
Estimate List Price414
Date27-01-2025
Price402.00
GMP13(3.23%)
Estimate List Price415
Date26-01-2025
Price402.00
GMP32(7.96%)
Estimate List Price434
Date25-01-2025
Price402.00
GMP30(7.46%)
Estimate List Price432
Date24-01-2025
Price402.00
GMP54(13.43%)
Estimate List Price456
IPO Important Dates
| IPO Open Date | Wednesday, January 29, 2025 |
| IPO Close Date | Friday, January 31, 2025 |
| Basis of Allotment | Monday, February 3, 2025 |
| Initiation of Refunds | Tuesday, February 4, 2025 |
| Credit of Shares to Demat | Tuesday, February 4, 2025 |
| Listing Date | Wednesday, February 5, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 31, 2025 |
IPO Open Date
Wednesday, January 29, 2025
IPO Close Date
Friday, January 31, 2025
Basis of Allotment
Monday, February 3, 2025
Initiation of Refunds
Tuesday, February 4, 2025
Credit of Shares to Demat
Tuesday, February 4, 2025
Listing Date
Wednesday, February 5, 2025
Cut-off time for UPI mandate confirmation
5 PM on January 31, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,070 |
| Retail (Max) | 14 | 490 | ₹1,96,980 |
| S-HNI (Min) | 15 | 525 | ₹2,11,050 |
| S-HNI (Max) | 71 | 2,485 | ₹9,98,970 |
| B-HNI (Min) | 72 | 2,520 | ₹10,13,040 |
ApplicationRetail (Min)
Lots1
Shares35
Amount₹14,070
ApplicationRetail (Max)
Lots14
Shares490
Amount₹1,96,980
ApplicationS-HNI (Min)
Lots15
Shares525
Amount₹2,11,050
ApplicationS-HNI (Max)
Lots71
Shares2,485
Amount₹9,98,970
ApplicationB-HNI (Min)
Lots72
Shares2,520
Amount₹10,13,040
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 3,393.41 | 2,752.82 | 1,825.17 |
| Revenue | 837.94 | 1,376.45 | 1,031.49 |
| Profit After Tax | 39.56 | 95.05 | 103.23 |
| Net Worth | 1,502.67 | 1,337.68 | 627.83 |
| Reserves and Surplus | 1,509.11 | 1,365.86 | 652.63 |
| Total Borrowing | 373.68 | 387.79 | 356.18 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 20243,393.41
31 Mar 20242,752.82
31 Mar 20231,825.17
Period EndedRevenue
30 Sep 2024837.94
31 Mar 20241,376.45
31 Mar 20231,031.49
Period EndedProfit After Tax
30 Sep 202439.56
31 Mar 202495.05
31 Mar 2023103.23
Period EndedNet Worth
30 Sep 20241,502.67
31 Mar 20241,337.68
31 Mar 2023627.83
Period EndedReserves and Surplus
30 Sep 20241,509.11
31 Mar 20241,365.86
31 Mar 2023652.63
Period EndedTotal Borrowing
30 Sep 2024373.68
31 Mar 2024387.79
31 Mar 2023356.18
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 2,17,78,798 (28.92%) | NA |
| QIB Shares Offered | 1,45,19,200 (19.28%) | NA |
| NII (HNI) Shares Offered | 1,08,89,400 (14.46%) | |
| bNII > ₹10L | 72,59,600 (9.64%) | 13,827 |
| sNII < ₹10L | 36,29,800 (4.82%) | 6,913 |
| Retail Shares Offered | 2,54,08,599 (33.74%) | 7,25,959 |
| Employee Shares Offered | 15,79,399 (2.1%) | NA |
| Total Shares Offered | 7,53,04,970 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered2,17,78,798 (28.92%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered1,45,19,200 (19.28%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered1,08,89,400 (14.46%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered72,59,600 (9.64%)
Maximum Allottees13,827
Investor CategorysNII < ₹10L
Shares Offered36,29,800 (4.82%)
Maximum Allottees6,913
Investor CategoryRetail Shares Offered
Shares Offered2,54,08,599 (33.74%)
Maximum Allottees7,25,959
Investor CategoryEmployee Shares Offered
Shares Offered15,79,399 (2.1%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered7,53,04,970 (100%)
Maximum Allottees
Information about company
Incorporated in 2010, Dr. Agarwal's Health Care Limited offers a comprehensive range of eye care services, including cataract and refractive surgeries, consultations, diagnoses, non-surgical treatments, and the sale of optical products, contact lenses, accessories, and eye care-related pharmaceutical items.
As of September 30, 2024, there were 737 doctors providing care to patients across the company's facilities. During this period, the company served 2.13 million patients and performed 220,523 surgeries. In the six months leading up to September 30, 2024, they served 1.15 million patients and conducted 140,787 surgeries.
The Services provided by the company are:-
Cataract surgeries Offer cataract surgical treatments at its Facilities, such as small incision cataract surgery, phacoemulsification, robotic cataract surgery and glued intraocular lens treatments;
Refractive surgeries: Refractive surgeries are procedures that correct eye refractive errors, helping individuals reduce or eliminate their need for glasses and contact lenses. The main types include LASIK, SMILE, implantable collamer lenses, and photorefractive keratectomy (PRK).
Other surgeries: Offer a range of other surgical treatments for eye ailments, such as surgical retinal treatments, corneal transplantation and pinhole pupilloplasty, oculoplasty and surgeries for the treatment of glaucoma and pterygium.
As of September 30, 2024, the company's Indian network has 28 hubs (Tertiary Facilities, including three COEs) and 165 spokes (53 Primary and 112 Secondary Facilities).
As of September 30, 2024, the company has a presence in India across 117 metro and non-metro cities spanning 14 states and four union territories through 193 Facilities.
Competitive Strength
Largest eye care services provider in India with a trusted brand
End-to-end, comprehensive eye care services offering
Scalable, asset-light, hub-and-spoke operating model
Proven clinical excellence is driven by a strong clinical board and a history of surgical innovations.
Doctor-promoters leading a team of qualified medical professionals and supported by experienced management
Proven track record of delivering organic growth, integrating and scaling acquisitions and improving operating profitability
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects:
Repayment/prepayment, in part or full, of certain of the borrowings and
General corporate purposes and unidentified inorganic acquisition.
Disclaimer
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