Dr Agarwal's Healthcare, a leading eyecare service provider in India, has announced the price band and opening dates for its highly anticipated initial public offering (IPO). Backed by major investors, the company plans to raise over Rs 3,000 crore through a mix of fresh issue and offer for sale of shares. The IPO has reserved a portion for retail investors, high-net-worth individuals, and eligible employees, with a minimum bid of 35 shares. With a strong financial performance and a growing presence in South and Western India, Dr Agarwal's Healthcare is poised for a successful listing on the stock exchanges. Stay updated with the latest business news and market updates on Zee Business.
Dr Agarwal Healthcare IPO: Eyeing a Stellar Debut on Stock Exchanges
Background
Dr Agarwal's Healthcare is a prominent provider of eyecare services in India, operating a network of over 133 eyecare hospitals and 87 vision centers across 11 states. The company offers a comprehensive range of services, including refractive surgeries, cataract surgeries, glaucoma management, and retinal treatments.
IPO Details
Dr Agarwal's Healthcare has announced its initial public offering (IPO) with a price band of Rs 315-328 per equity share. The IPO will open for subscription on December 30, 2022, and close on January 2, 2023. The company plans to raise over Rs 3,000 crore through a mix of fresh issue and offer for sale of shares.
Key Features of the IPO
Investment Thesis
Dr Agarwal's Healthcare offers a compelling investment proposition due to the following factors:
Top 5 FAQs
1. What is the market size of the Indian eyecare industry? Answer: The Indian eyecare industry is estimated to be around Rs 40,000 crore, with a growth rate of over 10%.
2. What is the company's competitive advantage? Answer: Dr Agarwal's Healthcare has a strong brand reputation, experienced doctors, and a wide network of healthcare facilities.
3. How will the IPO proceeds be utilized? Answer: The IPO proceeds will be used to expand the company's network, acquire new technologies, and improve patient care.
4. Who are the lead managers of the IPO? Answer: The lead managers of the IPO are Kotak Mahindra Capital Company, Citigroup Global Markets India, and JP Morgan India.
5. What is the expected listing date? Answer: The expected listing date on the stock exchanges is January 11, 2023.
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