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Dr Agarwal's Health Care Ltd

Healthcare

Offer Period :

29th to 31st Jan 2025

Dr Agarwal's Health Care Ltd IPO Details

IPO Date 29th to 31st Jan 2025 Minimum Investment ₹14070 / 1 Lots
Listing Date 2025-02-05 Maximum Investment ₹196980 / 14 Lots
Face Value ₹1 per share Total Issue Size ₹3027.26 Crores
Price ₹382 to ₹402 per share Fresh Issue ₹300 Crores
Lot Size 1 Lots (35 Shares) Offer For Sale ₹ 2727.26
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 29th to 31st Jan 2025
Listing Date 2025-02-05
Face Value ₹1 per share
Price ₹382 to ₹402 per share
Lot Size 1 Lots (35 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14070 / 1 Lots
Maximum Investment ₹196980 / 14 Lots
Total Issue Size ₹3027.26 Crores
Fresh Issue ₹300 Crores
Offer For Sale
Retail Discount ₹ 0

Dr Agarwals Healthcare IPO Details

Category

Details

Total Issue Size

₹3,027.26 Cr

Issue Type

Book Built Issue IPO

Shareholding Pre Issue

30,84,17,160 shares (37.72%)

Shareholding Post Issue

31,58,79,846 shares

Dr Agarwals Healthcare IPO Lot Size

Application

Lots

Shares

Amount (₹)

Retail (Min)

1

35

₹14,070

Retail (Max)

14

490

₹1,96,980

sNII (Min)

15

525

₹2,11,050

sNII (Max)

71

2,485

₹9,98,970

bNII (Min)

72

2,520

₹10,13,040

About Dr. Agarwal's Health Care Limited


Established in 2010, Dr. Agarwal's Health Care Limited is a leading name in the eye care industry, offering a wide range of services that cater to diverse patient needs. From advanced cataract and refractive surgeries to non-surgical treatments, consultations, and diagnostics, the company delivers end-to-end eye care solutions. Additionally, it offers optical products, contact lenses, and pharmaceutical items related to eye health. With its scalable and asset-light hub-and-spoke operating model, the company ensures seamless accessibility to high-quality care across metro and non-metro cities. Its clinical excellence is upheld by a team of 737 experienced doctors who are guided by doctor-promoters and an accomplished management team.

As of September 30, 2024, Dr. Agarwal's Health Care Limited operated 193 facilities across India, covering 117 cities in 14 states and four union territories. This includes 28 hubs (three Centers of Excellence) and 165 spokes, ensuring comprehensive care delivery. During the first half of FY25, the company served 1.15 million patients and conducted 140,787 surgeries. Known for its surgical innovations and strong clinical board, the company has consistently demonstrated organic growth and operational excellence while integrating and scaling acquisitions. Trusted by millions, it stands as India’s largest provider of eye care services.

Timeline

Important dates for allocation and IPO listing.

29th Jan

IPO Starts

31st Jan

IPO Ends

3rd Feb

Allotment Date

4th Feb

Initiation of Refund

4th Feb

Credit of Shares to Demat Account

5th Feb

IPO Listing Date

Dr Agarwals Healthcare IPO Timeline

Event

Date

IPO Open Date

January 29, 2025

IPO Close Date

January 31, 2025

Basis of Allotment

February 3, 2025

Initiation of Refunds

February 4, 2025

Credit of Shares to Demat

February 4, 2025

Listing Date

February 5, 2025

Cut-off Time for UPI Mandate Confirmation

5 PM, January 31, 2025

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 37.72 32.45
Public Group 62.28 67.55

Dr Agarwals Healthcare IPO Reservation

Investor Category

Lot Size

Shares

Amount (₹)

bNII (> ₹10L)

72 lots

2,520

₹10,13,040

sNII (< ₹10L)

15 lots

525

₹2,11,050

Dr Agarwals Healthcare Financial Information

Metric

Value (₹ Cr)

Net Worth

1,502.67

Reserves and Surplus

1,509.11

Total Borrowing

373.68

Dr Agarwals Healthcare IPO Anchor Investors Details

Detail

Value

Bid Date

January 27, 2025

Shares Offered

TBD

Anchor Portion Size (₹ Cr)

TBD

Key Performance Indicators of Dr Agarwals Healthcare IPO

KPI

Value

Debt/Equity

0.25x

RoNW

6.21%

P/BV

7.96x

Metric

Pre IPO

Post IPO

EPS (₹)

3.08

2.51

P/E (x)

130.44

160.48

Dr Agarwal's Health Care Ltd IPO Reservation

QIB Shares Offered 14519199(19.28%)
NII (HNI) Shares Offered 10889400(14.46%)
Retail Shares Offered 25408600(33.74%)
Anchor Investor Shares Offered 21778800(28.92%)
Total Shares Offered 75304968
Total Shares With Anchor Investor 75304968

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Dr Agarwal's Health Care Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id einward.ris@kfintech.com
Our Website www.kfintech.com

Dr Agarwal's Health Care Ltd IPO Lead Manager

1. Kotak Mahindra Capital Company Ltd

2. Morgan Stanley India Company Pvt Ltd

3. Jefferies India Pvt Ltd

4. Motilal Oswal Investment Advisors Ltd

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Dr Agarwal's Health Care Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Dr Agarwal's Health Care Ltd

1. Largest eyecare services provider in India with a trusted brand.

2. End-to-end, comprehensive eyecare services offering.

3. Scalable, asset-light, hub-and-spoke operating model.

4. Proven clinical excellence driven by a strong clinical board and history of surgical innovations.

5. Doctor-promoters leading a team of qualified medical professionals and supported by an experienced management.

6. Proven track record of delivering organic growth, integrating and scaling acquisitions and improving operating profitability.

Risks Involved

1. The company engage doctors through retainership arrangements and there is no assurance that its doctors will not prematurely terminate their arrangements with it. If the company is not able to attract and retain its doctors and other medical professionals, the company business, financial condition, results of operations and cash flows may be adversely affected.

2. The company business depends on the strength of the company brand equity and reputation. Failures to maintain and enhance its brand equity and reputation, including due to negative publicity, may adversely affect its business, reputation, financial condition, results of operations and prospects.

3. The company operates in a regulated industry, and its failures to comply with applicable safety, health, environmental, labor and other regulations, or to obtain or renew approvals, may adversely affect its business, reputation, financial condition, results of operations and cash flows.

4. A significant majority of its Facilities are located in the states of Tamil Nadu (in particular, Chennai), Maharashtra and Karnataka in India and any adverse developments in relation to these Facilities could adversely affect its business, financial condition, results of operations and cash flows.

5. The company is exposed to legal claims and regulatory actions arising from the provision of healthcare services and may be subject to liabilities arising from claims of malpractice and medical negligence which could adversely affect its business, financial condition, results of operations, cash flows, reputation and prospects.

6. Its international operations expose it to management, legal, tax, political and economic risks, and its failure to address such risks could adversely affect the company business, results of operations, financial condition and cash flows.

7. Its hub-and-spoke model may not be successful and the company may not be able to expand into new geographic regions, which could adversely affect its business, financial condition and results of operations.

8. The company has pursued and will likely continue to pursue strategic acquisitions for inorganic growth. Its inability to successfully identify, acquire and integrate suitable opportunities on commercially reasonable terms in the future could adversely affect its business, financial condition, cash flows and results of operations.

9. Its historical performance is not indicative of the company future growth or financial results and if its fail to manage the company growth or implement its growth strategies, the company business, financial condition and results of operations may be adversely affected.

10. The company is exposed to credit risks in respect of payments from third parties including under central and state government schemes, government corporations, insurance companies and third party administrators. If the company does not receive payments on a timely basis, its business, financial condition, results of operations, cash flows and prospects may be adversely affected.

Why should you invest in

-

Industry Outlook of Dr Agarwal's IPO

  • The Indian eye care market grew at a CAGR of 11.5% from FY 2019 to FY 2024, reaching a value of ₹378 billion in FY 2024 (as per the CRISIL MI&A Report).

  • The market comprises surgical and non-surgical treatments for various eye disorders.


Surgical treatments include:

  • Cataract surgery (largest share of eye surgeries in India).

  • Glaucoma, retina, refractive, cornea, and other eye-related surgeries.


Non-surgical treatments involve:

  • General check-ups and diagnostics.

  • Pre-treatment assessments and post-treatment follow-ups.

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 2752.82 1825.17 1026.13
Total Liabilities 2752.82 1825.17 1026.13
Total Expenses 1235.88 947.9 657.02
Total Revenue 
1376.45 1031.49 713.78
Profit After Tax 83.06 94.1 37.69
EBITDA 406.55 283.86 199.82
Adjusted EBITDA 0 0 0

Dr Agarwal's Health Care Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-02-05 0 -
INE943P01029
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹382 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Dr Agarwals Healthcare IPO Contact Details

Detail

Information

Company Name

Dr. Agarwal's Health Care Limited

Address

1st Floor, Buhari Towers, No.4, Moores Road, Off Greams Road, Near Asan Memorial School, Chennai 600 006

Phone

+91 44 4378 7777

Email

secretarial@dragarwal.com

Website

https://dragarwals.co.in

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Dr Agarwal's IPO.

Frequently Asked Questions

What is Dr Agarwal's Health Care Ltd IPO?

Answer Field

Dr Agarwal's Health Care Ltd IPO is a Mainboard IPO of 7,53,04,968 equity shares of a face value of ₹1 aggregating up to ₹3027.26 Crores. The issue is priced at ₹382 to ₹402 per share. The minimum order quantity is 35 Shares. The IPO opens on January 29, 2025, and closes on January 31, 2025. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Dr Agarwal's Health Care Ltd IPO will open?

Answer Field

The Dr Agarwal's Health Care Ltd IPO opens on January 29, 2025 and closes on January 31, 2025.

What is the lot size of Dr Agarwal's Health Care Ltd?

Answer Field

Dr Agarwal's Health Care Ltd lot size is 35 shares, and the minimum amount required is ₹14,070.

How to apply for Dr Agarwal's Health Care Ltd IPO?

Answer Field

You can apply in Dr Agarwal's Health Care Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Dr Agarwal's Health Care Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Dr Agarwal's Health Care Ltd IPO will be done on February 03, 2025, and the allotted shares will be credited to your demat account by February 04, 2025.

When is Dr Agarwal's Health Care Ltd IPO listing date?

Answer Field

The Dr Agarwal's Health Care Ltd listing date is February 05, 2025.

Who is the registrar of Dr Agarwal's Health Care Ltd IPO?

Answer Field

The registrar of Dr Agarwal's Health Care Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Kotak Mahindra Capital Company Ltd,Morgan Stanley India Company Pvt Ltd,Jefferies India Pvt Ltd,Motilal Oswal Investment Advisors Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Dr Agarwal's Health Care Ltd IPO?

Answer Field

The fresh issue size is ₹300 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Dr Agarwal's Health Care Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 35 shares and ₹14,070 amount.

How can I approve the UPI mandate request for Dr Agarwal's Health Care Ltd IPO?

Answer Field

To apply for Dr Agarwal's Health Care Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Dr Agarwal's Health Care Ltd?

Answer Field

The price of each Dr Agarwal's Health Care Ltd share will be ranging in between ₹382 to ₹402 per share.

What is the cut-off time for the UPI mandate for Dr Agarwal's Health Care Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, January 31, 2025.

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