The second day of subscriptions on Thursday, January 30, 38 per cent of the shares in Temasek Holdings' and TPG-backed Dr. Agarwal's Health Care's IPO have been subscribed already.
In contrast to the 5.35 lakh shares that were up for bid until 1:30 pm, the public offering received bids for 2.04 crore shares, according to the NSE's consolidated data.
Subscription across all categories
Compared to the 2,54,08,599 shares available, the category designated for retail individual investors (RIIs) generated a 20 per cent subscription as they applied for 50,98,940 shares.
9 per cent of the subscriptions were from non-institutional investors (NIIs). Despite the fact that 1,08,89,400 shares were set aside for them, they applied for 9,91,865 shares.
There was a 95 per cent subscription rate because the qualified institutional buyers (QIBs) received bids for 1,38,29,410 shares compared to the 1,45,19,200 shares that were available.
GMP (grey market price)
The shares of Dr. Agarwals Healthcare IPO are now trading at their issue price of Rs 402, with a 0.75 per cent premium, given the grey market premium (GMP) of Rs 3 , which means that each share would be listed for Rs 405 per share.
Dr. Agarwal’s Healthcare IPO is live today, targeting ₹3,027.26 Cr. via fresh issue & OFS. The co. offers wide range of eye care services including cataract, refractive & other surgeries across India. If you're in the same sector & looking to raise funds, contact #IndiaIPO today pic.twitter.com/SybShuGhzl
— India IPO (@india_ipo1) January 29, 2025
Offer size and structure
The Rs 3,027.26 crore Dr. Agarwals Healthcare IPO is a book-built offering. The issue consists of an offer to sell 6.78 crore shares worth Rs 2,727.26 crores and a new issue of 0.75 crore shares worth Rs 300.00 crores.
Price band and minimum bid
The price range for Dr. Agarwals Healthcare's IPO is Rs 382 to Rs 402 per share. An application must have a minimum lot size of 35. Retail investors are required to invest a minimum of Rs 14,070.
For sNII and bNII, the minimum lot size investment is 15 lots comprising 525 shares, amounting to a Rs 2,11,050 and 72 lots comprising 2,520 shares, totalling up to Rs 10,13,040.
Subscription and listing timeline
The subscription period for the Dr. Agarwals Healthcare IPO bidding began on January 29, 2025, and it will end on January 31, 2025. On Monday, February 3, 2025, the allocation for the Dr. Agarwals Healthcare IPO is anticipated to be finalised.
The tentative listing date for Dr. Agarwals Healthcare's initial public offering (IPO) is set for Wednesday, February 5, 2025, on the BSE and NSE.
Company financials
Its net profit dropped 8 per cent to Rs 95 crore in FY24 due to increased taxes, even though its topline and operating performance were strong. Revenue increased 31 per cent from FY23's Rs 1,018 crore to Rs 1,332 crore.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in IPOs involves risks and potential volatility. Readers are advised to conduct their own research and consult a financial advisor before making investment decisions. The author and publisher are not responsible for any financial losses incurred by readers.