Dr. Agarwal’s Health Care Limited

Dr. Agarwal’s Health Care Limited

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹382 - ₹402

Total Issue

₹3,027.26 Cr

Bid Dates

29 Jan - 31 Jan

Subscription

1.55x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Dr. Agarwal’s Health Care Limited provides a comprehensive range of eye care services, including cataract and refractive surgeries, consultations, diagnostics, and non-surgical treatments. It also offers optical products, contact lenses, and eye care pharmaceuticals. According to the CRISIL MI&A Report, the company held a 25% market share in India’s eye care service chain market in FY 2024. As of September 30, 2024, its network included 209 facilities, ensuring accessible and quality eye care services. Beyond India, the company expanded internationally in 2012 and, as of September 30, 2024, operates 16 facilities across nine countries in Africa.

Lot Info

Lot Information for Dr.Agarwal IPO
Category Lots Shares Amount
Retail (Min) 1 35 ₹14,070
Retail (Max) 14 490 ₹1,96,980
S-HNI (Min) 15 525 ₹2,11,050
S-HNI (Max) 71 2,485 ₹9,98,970
B-HNI (Min) 72 2,520 ₹10,13,040

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹3,027.26 Cr
Fresh Issue
₹300.00 Cr (0.75 Cr Shares)
Offer For Sale
₹2,727.26 Cr (6.51 Cr Shares)

Objects of Issue

1. Repayment of certain borrowings.
2. General corporate purposes and unidentified inorganic acquisition.

Grey Market Premium

GMP ₹0
Est. Price ₹402
Est. Gain 0.00%

Dr.Agarwal IPO Peer Comparison

(Rs. in crores)

Dr.Agarwal IPO Peer Comparison Table
Particulars Co. Apollo Hospitals Max Healthcare Fortis Healthcare Global Health Narayana Hrudayalaya Krishna Institute of Medical Sciences Krishna Institute of Medical Sciences Rainbow Children's Medicare
Revenue from operations 1,332.15 19,059.20 6,849.00 6,892.92 3,275.11 5,018.25 2,498.14 3,698.90 1,296.90
Profit after Tax 95.05 935.00 1,278.00 645.22 478.06 789.62 336.01 211.56 218.29
EPS (Basic) 3.14 62.50 10.89 7.93 17.80 38.86 7.75 3.60 21.38
NAV per share 50.53 481.93 86.54 101.48 108.17 141.98 228.47 71.62 124.03
Price to Earning 128.03 107.11 95.88 82.11 57.49 33.14 79.79 136.07 67.90
EBITDA Margin 29.54% 13.03% 27.84% 18.84% 26.08% 24.10% 26.02% 16.19% 34.93%
PAT Margin (%) 6.91% 4.88% 18.66% 9.31% 14.27% 15.50% 13.38% 5.68% 16.36%
Net Debt equity ratio 2.07 1.76 0.10 0.43 NA 0.99 2.00 2.11 1.62
  • All information pertains to FY 2023-24.
  • PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of January 15, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Dr.Agarwal IPO
Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 837.94 1,376.45 1,031.49 713.78
Profit after Tax 39.56 95.05 103.23 43.16
Net Worth 1,502.67 1,337.68 627.83 212.34
Total Borrowing 373.68 387.79 356.18 290.18
Total Assets 3,393.41 2,752.82 1,825.17 1,026.13
NAV per share (in ₹) 52.72 50.53 26.73 10.32
EPS - Basic (in ₹) 1.00 3.14 4.01 1.83

KPIs

ROCE (%)

14.61%

ROE (%)

9.33%

Net Debt to Equity

2.07

EBITDA (%)

29.54%

PAT (%)

6.91%

Price to earning (PE)

128.03

Mkt Cap (in Crs.)

12,698

Price to Book (PB)

7.96

  • All the data pertains to FY 2023-24.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

11.52%

Public

88.48%

Dr. Anosh Agarwal 7.16%
Dr. Athiya Agarwal 6.99%
Dr. Amar Agarwal 5.78%
Dr. Adil Agarwal 5.71%

Management

Dr. Amar Agarwal Chairperson
Yashwanth Venkat Chief Financial Officer
Dr. Adil Agarwal Chief Executive Officer

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Subscription Status

Updated as on 31-Jan-2025 19:00:00

Mainboard Subscription Status for Dr.Agarwal IPO
Category Sub (x) Offered Bids
QIB 4.64 1,45,19,201 6,73,61,280
NII 0.40 1,08,89,400 43,07,310
bHNI 0.31 72,59,600 22,85,955
sHNI 0.56 36,29,800 20,21,355
Retail 0.41 2,54,08,599 1,05,40,285
Employee 0.27 15,79,399 4,25,565
Others 0.52 11,29,574 5,83,940
Total 1.55 5,35,26,173 8,32,18,380

Subscription data excludes the Anchor Investor portion.

Frequently Asked Questions

What is Dr.Agarwal IPO?
Dr.Agarwal IPO is a Mainboard IPO having an issue size of ₹3,027.26 Crs. Dr.Agarwal IPO is priced at ₹382 - ₹402 per share. The issue opens on 29 Jan 25 and closes on 31 Jan 25.
When will Dr.Agarwal IPO open?
Dr.Agarwal IPO opens on 29 Jan 25 and closes on 31 Jan 25.
What is the GMP of Dr.Agarwal IPO?
The estimated Grey Market Premium of Dr.Agarwal IPO is ₹0 per share (0.00%).
What is the lot size of Dr.Agarwal IPO?
The minimum lot size of Dr.Agarwal IPO is 35 shares & the minimum application amount is Rs. 14070.
When is the allotment of Dr.Agarwal IPO?
The allotment date of Dr.Agarwal IPO is 03 Feb 25.
What is the listing date of Dr.Agarwal IPO?
The listing date of Dr.Agarwal IPO is 05 Feb 25.
What is the subscription of Dr.Agarwal IPO?
Dr.Agarwal IPO is subscribed 1.55 times.
What is the price band of Dr.Agarwal IPO?
Dr.Agarwal IPO is priced at ₹382 - ₹402 per share.
How to check allotment status of Dr.Agarwal IPO?
Click the allotment link on Dr.Agarwal IPO page of IPO360.
How to apply Dr.Agarwal IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Dr.Agarwal IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Dr.Agarwal IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Dr.Agarwal IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date