Dr Agarwal's Health Care Listing: Shares debut at par on NSE

Dr Agarwal's Healthcare had a subdued banal marketplace debut today. On the NSE, the banal opened astatine its IPO terms of Rs 402 per share, portion connected the BSE, it listed astatine Rs 396.90 apiece, marking a 1.27 per cent dip from the contented price.

Dr Agarwal’s Health Care listing preview 

Zee Business Managing Editor Anil Singhvi, successful his listing preview, advised short-term, low-risk investors to support a stop-loss beneath the contented price.  He noted that the IPO received a muted response, with a subscription of lone 1.55 times. The marketplace guru reiterated that the IPO was recommended lone for high-risk investors. The banal is expected to database beneath the contented terms of Rs 402, helium added.

Dr Agarwal's Health Care subscripion status

Dr Agarwal’s Healthcare IPO was afloat subscribed, closing astatine 1.55 times subscription connected the last time of its Rs 3,027.26-crore offering. The IPO received bids for 8.29 crore shares against the 5.35 crore shares available, arsenic per NSE data. 

Investor effect was led by qualified organization buyers (QIBs), who subscribed 4.64 times their allocated portion. However, retail investors and non-institutional investors showed comparatively little interest, with subscriptions astatine 41 per cent and 39 per cent, respectively.  

Dr Agarwal’s Health Care IPO details

The IPO opened for bidding connected January 29 and closed connected January 31. The allotment was finalised connected February 3.The Rs 3,027.26-crore contented comprised a caller contented of 74.62 lakh shares worthy Rs 300 crore and an connection for merchantability (OFS) of 6.78 crore shares, aggregating to Rs 2,727.26 crore. The IPO was priced successful the scope of Rs 382-402 per share.  

About Dr Agarwal Health Care

Founded successful 2010, Dr Agarwal’s Healthcare is simply a starring supplier of oculus attraction services, offering cataract and refractive surgeries, diagnostics, consultations, non-surgical treatments, and optical products.  

As of September 30, 2024, the institution operated 193 centres, chiefly successful South India, with an expanding beingness successful the occidental region. It employs 737 doctors and served 2.13 cardinal patients successful FY24, performing 2.20 lakh surgeries.  

In H1 FY24 alone, Dr Agarwal’s Healthcare treated 1.15 cardinal patients and conducted 1.40 lakh surgeries. For FY24, it reported gross of Rs 1,332.15 crore and a nett net of Rs 95.05 crore.