Sat Jan 25 04:47:16 IST 2025: ## Dr. Agarwal’s Healthcare Eyes Rs 3,027-Crore IPO

**Mumbai, January 24, 2025** – Dr. Agarwal’s Healthcare Limited, a leading eyecare provider backed by Temasek Holdings and TPG, is set to launch its initial public offering (IPO) next week. The IPO, valued at Rs 3,027 crore, will open for subscription from January 29th to 31st, 2025, with a price band of Rs 382 to Rs 402 per share.

The offering comprises a fresh issue of Rs 300 crore and an Offer For Sale (OFS) of up to 6.78 crore equity shares by promoters and existing shareholders. A significant portion of the fresh issue proceeds (Rs 195 crore) will be used to repay debt, with the remainder allocated to general corporate purposes and potential acquisitions.

Dr. Agarwal’s Healthcare, established in 2010, operates 193 facilities across South and Western India, employing 737 doctors. The company reported revenue of Rs 1,332.15 crore and a profit after tax of Rs 95.05 crore for FY24, serving over 2.13 million patients and performing 220,523 surgeries.

The IPO allocation will be 50% for qualified institutional buyers, 35% for non-institutional investors, and 15% for retail investors, with a separate allocation for eligible employees. Shares are expected to be listed on stock exchanges on February 5th, 2025.

Read More