Dr Agarwal’s Healthcare IPO is scheduled to open on Wednesday, January 29, and shut on Friday, January 31. The main points on allocation to anchor traders for Dr Agarwal Healthcare IPO might be out Tuesday, January 28. Dr Agarwal Healthcare IPO worth band has been mounted within the vary of ₹382 to 402 per fairness share of face worth of Re 1.
Based in 2010, Dr. Agarwal’s Well being Care Restricted gives a wide selection of eye care companies, comparable to cataract and refractive surgical procedures, consultations, diagnoses, non-surgical therapies, and the sale of optical merchandise, contact lenses, equipment, and pharmaceutical objects associated to eye care.
The agency classifies its services into three classes: main services (non-surgical eye care), secondary services (surgical companies), and tertiary services (super-specialty surgical companies, which embrace three facilities of excellence, relying on the precise companies supplied). The corporate operates utilizing a “hub and spoke” mannequin, which permits them to create a scalable and accessible platform for his or her ongoing enterprise progress. As of September 30, 2024, the corporate’s community in India consists of 28 “hubs.”
In response to the purple herring prospectus (RHP), the corporate’s listed friends embrace Apollo Hospitals Enterprise (displaying a P/E of 107.11), Max Healthcare Institute (with a P/E of 95.88), Fortis Healthcare (reporting a P/E of 82.11), International Well being (indicating a P/E of 57.49), Narayana Hrudayalaya (that includes a P/E of 33.14), Krishna Institute of Medical Sciences (with a P/E of 79.79), Aster DM Healthcare (having a P/E of 136.07), and Rainbow Kids’s Medicare (registering a P/E of 67.90).
The idea for allotting shares for Dr Agarwal’s Healthcare IPO is predicted to be decided on Monday, February 3. The corporate plans to begin processing refunds on Tuesday, February 4, and the shares might be credited to the demat accounts of allottees on the identical day after the refunds are made. The share worth of Dr Agarwal’s Healthcare is anticipated to be listed on the BSE and NSE on Wednesday, February 5.
Dr Agarwal Healthcare IPO GMP as we speak
Dr Agarwal Healthcare IPO GMP as we speak is +32. This means Dr Agarwal Healthcare share worth was buying and selling at a premium of ₹32 within the gray market, in accordance with investorgain.com.
Contemplating the higher finish of the IPO worth band and the present premium within the gray market, the estimated itemizing worth of Dr Agarwal Healthcare share worth is indicated at ₹434 apiece, which is 7.96% greater than the IPO worth of ₹402.
Contemplating the gray market traits from the previous 4 classes, the current GMP ( ₹32) signifies an inclination in the direction of a decline. The minimal GMP recorded is ₹30, with the utmost reaching ₹54, as per the insights from investorgain.com specialists.
‘Gray market premium’ signifies traders’ readiness to pay greater than the problem worth.
Dr Agarwal Healthcare IPO particulars
Dr Agarwal’s Healthcare IPO features a new fairness share issuance price ₹300 crore, together with an offer-for-sale of 6.78 crore shares totaling ₹2,727.3 crore from current shareholders.
In addition to the promoters, the stakeholders concerned within the offer-for-sale are Arvon Investments Pte and Claymore Investments Mauritius Pte, each of that are affiliated with the personal fairness agency Temasek Holdings, together with Hyperion Investments Pte, which is linked to the US personal fairness agency TPG.
Public shareholders, together with Arvon Investments Pte (holding a 12.44% stake), Claymore Investments Mauritius Pte (with a 15.71% stake), and Hyperion Investments Pte (which owns a 33.70% stake), possess the remaining shares of the corporate, whereas the promoters management 37.73%.
From the online proceeds of the brand new providing, the corporate goals to allocate ₹195 crore in the direction of debt compensation. The remaining funds will even be directed in the direction of unannounced inorganic acquisitions and normal enterprise necessities.
The primary book-running lead managers for Dr Agarwal’s IPO are Kotak Mahindra Capital Firm Restricted, Morgan Stanley India Firm Pvt Ltd, Jefferies India Non-public Restricted, and Motilal Oswal Funding Advisors Restricted. Kfin Applied sciences Restricted serves because the registrar for the problem.
Disclaimer: The views and suggestions above are these of particular person analysts, specialists and broking firms, not of Mint. We advise traders to test with licensed specialists earlier than making any funding determination.
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