IPO

Dr. Agarwal's Health Care Limited IPO

Mainboard

Listed On: Feb 4, 2025 at ₹ 402.0 (NSE)

₹ 14070 /35 Shares

Check Allotment

The company has reserved 11,29,574 equity shares(1.5%) under shareholder quota. Eligible Shareholders of AEHL as of the RHP date(23rd Jan), would be eligible to apply for this Offer under the Shareholder's Reservation Portion.

Dr. Agarwal's Health Care IPO Live Subscription Details

Date
:
31 Jan 2025,05:00:00 PM
QIBs
:
4.64
NII
:
Bids above ₹10L: 0.31x
Bids below ₹10L: 0.56x
NII Total: 0.40
Retail
:
0.41x
Employee
:
0.27x
Total
:
1.55 times
Dr. Agarwal's Health Care IPO Details

29 Jan, 2025

Open Date

31 Jan, 2025

Close Date

01 Feb, 2025

Allotment Date

04 Feb, 2025

Listing Date

Issue Price

₹382-402 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

402.0 (NSE)

Listing Date

2025-02-04

Market Lot

Retail : 35 Shares (₹14,070/-)
S-HNI : 525 Shares (₹2,11,050/-)
B-HNI : 2,520 Shares (₹10,13,040/-)

Lead Manager

Kotak Mahindra Capital Company Limited/nMorgan Stanley India Company Pvt Ltd
Jefferies India Private Limited
Motilal Oswal Investment Advisors Limited

Issue Size

Total ₹3,027.76 Cr :
#Fresh Issue : 74,62,686 shares(aggregating up to ₹300.00 Cr) +
#OFS : 6,78,42,284 shares of ₹1(aggregating up to ₹2,727.26 Cr)

Retail Portion

35% (Number of Retail Applications: 7,25,960 Approx),
(Number of S-HNI Applications : 6,914 Approx),
(Number of B-HNI Applications : 13,828 Approx)

Subscription

1.55 times


The IPO of Dr. Agarwal's Health Care is priced at ₹382-402 per equity share, which has a face value of ₹1 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Dr. Agarwal's Health Care IPO bid opening date is from Jan 29, 2025 and the bid closing date was Jan 31, 2025.
Dr. Agarwal's Health Care IPO allotment result will be available on Feb 1, 2025. The tentative listing date for Dr. Agarwal's Health Care is Feb 4, 2025.


The total issue size is Total ₹3,027.76 Cr : #Fresh Issue : 74,62,686 shares(aggregating up to ₹300.00 Cr) + #OFS : 6,78,42,284 shares of ₹1(aggregating up to ₹2,727.26 Cr).

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Dr. Agarwal's Health Care IPO Subscription Details

As onQIBNII
bNII   sNII
RetailTotal
Shares Offered / Reserved1,45,19,2001,08,89,400
72,59,600    36,29,800
2,54,08,5995,35,26,172
Day 1 - 29-01-25 05:00 PM0.00 x0.06
0.04 x   0.09 x
0.11 x0.07 x
Day 2 - 30-01-25 05:00 PM1.01 x0.12
0.08 x   0.20 x
0.24 x0.42 x
Day 3 - 31-01-25 05:00 PM4.64 x0.39
0.31 x   0.55 x
0.41x/SH:0.51 x1.55 x
Total No. of Applications: 2,53,169 (Approx)
Retail Subscription on the basis of Applications: Retail:0.30x BHNI:0.06x SHNI:0.50x times

Dr. Agarwal's Health Care Valuations

EPS Pre IPO

₹3.08/-

EPS Post IPO

₹2.51/-

P/E Pre IPO

130.44

P/E Post IPO

160.48

ROE

9.33%

ROCE

14.61%

Debt/Equity

RoNW

6.21%

PAT Margin

6.90

Price to Book Value

7.96

Dr. Agarwal's Health Care Company Financials All values are in ₹ Cr.

30-Sep-2431-Mar-2431-Mar-2331-Mar-22
Assets3,393.412,752.821,825.171,026.13
Revenue837.941,376.451,031.49713.78
Profit After Tax39.5695.05103.2343.16
Net Worth1,502.671,337.68627.83212.34
Reserves & Surplus1,509.111,365.86652.63236.27
Total Borrowing373.68387.79356.18290.18

About The Company

Established in 2010, Dr. Agarwal's Health Care Limited delivers a wide-ranging service of ophthalmic solutions, including cataract and refractive surgery, consultation and diagnosis, and non-surgical treatments, sales of optical goods, contact lenses, accessories, and pharmaceutical drugs related to eyes.

As of September 30, 2024, the company had 737 doctors treating patients in its facilities. During the same period, the company treated 2.13 million patients and performed 220,523 surgeries. For the six months ended September 30, 2024, they treated 1.15 million patients and performed 140,787 surgeries.

The Services offered by the company are:
Cataract surgeries; Provide cataract surgical services in its own facilities, which include small incision cataract surgery, phacoemulsification, robotic cataract surgery, and glued intraocular lens treatments;
Refractive surgeries: These are surgeries used to correct the refractive errors of the eyes, helping a person decrease their dependence on eyeglasses or contact lenses. The major categories are LASIK, SMILE, implantable collamer lenses, and photorefractive keratectomy (PRK).
Other surgeries: Provide a number of other surgical interventions for ocular diseases, like surgical retinal interventions, corneal transplantation and pinhole pupilloplasty, oculoplasty and surgeries to treat glaucoma and pterygium.

By September 30, 2024, the company's Indian network includes 28 hubs (Tertiary Facilities, three COEs included) and 165 spokes (53 Primary and 112 Secondary Facilities).As on September 30, 2024, the Company has operations in India across 117 metro and non-metro cities in 14 states and four union territories through 193 Facilities.

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Dr. Agarwal's Health Care - Promoter(s)

Pre Issue Share Holding: 37.32%

Post Issue Share Holding: N/A%


Company Promoter(s)
  1. Dr. Amar Agarwal, Dr. Athiya Agarwal, Dr Adil Agarwal, Dr. Anosh Agarwal, Dr Ashvin Agarwal, Dr. Ashar Agarwal, Dr. Amar Agarwal Family Trust, Dr Adil Agarwal Family Trust, Dr. Anosh Agarwal Family Trust, Dr Ashvin Agarwal Family Trust, Dr. Ashar Agarwal Family Trust, Dr Agarwal’s Eye Institute and Dr Agarwal's Eye Institute Private Limited

Dr. Agarwal's Health Care IPO - Issue Objectives

  1. Repayment/prepayment, in part or full, of certain of the borrowings
  2. General corporate purposes and unidentified inorganic acquisition.

Dr. Agarwal's Health Care IPO - Anchor Investors

Dr Agarwal's Health Care raises ₹875.50 crore from anchor investors.

Key foreign and domestic institutions, such as the Government of Singapore, Monetary Authority of Singapore, Government Pension Fund Global, and Fidelity, participated in the anchor round.

Other prominent investors were Invesco India Midcap Fund, The Nomura Trust, Ashoka Whiteoak MF, Motilal Oswal Small Cap Fund, Canara Robeco MF, VQ Fastercap Fund, The Prudential Assurance Co, HSBC Global Investment Fund, 360 One Equity Opportunity Fund, and Goldman Sachs (Singapore) PTE – ODI. Domestic names include LIC MF, Tata MF, Edelweiss MF, Axis Max Life, Aditya Birla Life, and Edelweiss Life Insurance as part of the anchor allocation.

Other Details

Company Contact Details

Dr. Agarwal's Health Care

1 st 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/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: ahcl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Dr. Agarwal's Health Care IPO - FAQs

Ans. Dr. Agarwal's Health Care Limited IPO is a Mainboard IPO. The issue is priced at ₹382-402 per equity share. The minimum order quantity is 35 Shares. The IPO opens on Jan 29, 2025, and closes on Jan 31, 2025. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Dr. Agarwal's Health Care Limited IPO opens on Jan 29, 2025 and closes on Jan 31, 2025.

Ans. The size of Dr. Agarwal's Health Care Limited IPO is Total ₹3,027.76 Cr : #Fresh Issue : 74,62,686 shares(aggregating up to ₹300.00 Cr) + #OFS : 6,78,42,284 shares of ₹1(aggregating up to ₹2,727.26 Cr).

Ans. The IPO price band is set between ₹382-402 per equity share.

Ans. To apply for Dr. Agarwal's Health Care Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Dr. Agarwal's Health Care Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Dr. Agarwal's Health Care Limited IPO is Feb 1, 2025.

Ans. The Dr. Agarwal's Health Care Limited IPO will be listed on Feb 4, 2025.

Ans. Follow the steps to check the allotment status for Dr. Agarwal's Health Care Limited IPO here.