Get ready to invest as two companies, Dr Agarwals Healthcare and Malpani Pipes and Fittings, are all set to launch their initial public offers this week worth a combined total of Rs 3,053 crore. Dr Agarwals Healthcare, a Chennai-based eye care specialist, will have an IPO worth Rs 3,027 crore, while Malpani Pipes and Fittings, which specializes in pipe fittings, will have an IPO worth Rs 25.9 crore. Both companies will open for bidding on January 29 and are expected to be listed on February 5.
Dr. Agarwal's Healthcare and Malpani Pipes and Fittings to Launch Initial Public Offerings
Get ready to invest as two companies, Dr. Agarwal's Healthcare and Malpani Pipes and Fittings, prepare to launch their initial public offers (IPOs) this week, collectively totaling Rs 3,053 crore.
Dr. Agarwal's Healthcare
Malpani Pipes and Fittings
Background
Dr. Agarwal's Healthcare has a history of over 60 years and operates a network of 118 eye care centers across 14 states in India. The company offers a wide range of eye care services, including cataract surgery, refractive surgery, and retinal treatment.
Malpani Pipes and Fittings, established in 1992, is a manufacturer of malleable and ductile iron pipe fittings. The company exports its products to over 20 countries and has a market share of over 15% in the Indian ductile iron pipe fittings market.
Top 5 FAQs
1. Why are these companies launching IPOs?
Companies raise funds through IPOs to expand their operations, reduce debt, and improve their financial position.
2. What is the expected price range for the IPOs?
Dr. Agarwal's Healthcare has set a price band of Rs 346-353 per share, while Malpani Pipes and Fittings has set a price band of Rs 125-130 per share.
3. Who are the book-running lead managers (BRLMs) for the IPOs?
Dr. Agarwal's Healthcare's BRLMs are Edelweiss Financial Services, JM Financial, and YES Securities. Malpani Pipes and Fittings' BRLMs are Anand Rathi Advisory Services and SMC Capitals.
4. What is the minimum bid lot for the IPOs?
The minimum bid lot for Dr. Agarwal's Healthcare is 40 shares, while the minimum bid lot for Malpani Pipes and Fittings is 500 shares.
5. What are the key risks associated with investing in these IPOs?
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