Sat Jan 25 16:46:06 UTC 2025: ## Dr. Agarwal’s Healthcare IPO to Open, Merger Planned with Subsidiary

**MUMBAI, January 25, 2025** – Dr. Agarwal’s Healthcare, India’s largest eye care hospital chain by revenue, is set to launch its initial public offering (IPO) from January 29th to 31st, with the anchor portion allocated for January 28th. The IPO, backed by TPG and Temasek, aims for a post-money valuation between ₹12,700 crore and ₹12,900 crore. The price band is fixed between ₹382 and ₹402 per share. The offering comprises a fresh issue of ₹300 crore and an offer-for-sale of 6.95 crore shares by promoters and investors.

Following the listing, the company plans to merge with its listed subsidiary, Dr. Agarwal’s Eye Hospital, within 12 months. Dr. Agarwal’s Healthcare currently holds a 71.9% stake in the subsidiary. While the red herring prospectus allows for a three-year timeframe for the merger, management has committed to a faster completion. The merger is subject to regulatory approvals and market conditions.

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