Sat Jan 25 15:08:27 UTC 2025: ## Dr. Agarwal’s Eye Care to Launch ₹3,062 Crore IPO

**Chennai, January 25, 2025** – Chennai-based Dr. Agarwal’s Health Care Limited is set to launch its Initial Public Offering (IPO) on January 29th, raising ₹3,062 crore. The IPO includes a primary offering of ₹300 crore and a secondary sale of ₹2,762 crore by existing shareholders. A significant portion of the proceeds, ₹195 crore, will be used to reduce the company’s gross debt, currently at ₹373 crore, with the remainder allocated to general corporate purposes and acquisitions.

The company, which operates 209 hospitals across India and nine countries in Africa, has experienced significant growth, adding 75 new eye hospitals in the past two years. They currently operate 193 facilities in India and 16 internationally. Amar Agarwal, chairperson and managing director, highlighted their weekly hospital opening average. Adil Agarwal, whole-time director and CEO, stated that the Indian eye-care market, valued at ₹37,800 crore, has seen a Compound Annual Growth Rate (CAGR) of 11.5% between FY19 and FY24. This growth is driven by India’s high prevalence of visual impairment, with nearly one in five individuals affected.

The IPO will allow investors to bid for a minimum of 35 equity shares. The company’s investment in new facilities ranges from ₹30 lakh for primary care centers to ₹10-12 crore for tertiary care centers, according to Yashwanth Venkat, CFO. Dr. Agarwal’s Health Care holds approximately 25% of India’s eye care service chain market. The IPO closes on January 31st.

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