Wed Jan 29 10:18:02 UTC 2025: ## Market Movers & Shakers: Dr. Agarwal IPO Launches, Bajaj Auto Surges, and ITC Hotels Debuts at a Discount

**Mumbai, January 29, 2025** – The Indian market saw significant activity today, with the launch of a major IPO, strong Q3 earnings from a prominent two-wheeler manufacturer, and a discounted debut for a hospitality chain.

Dr. Agarwal’s Healthcare, a leading eye care provider, opened its initial public offering (IPO) today, aiming to raise ₹3,027.26 crore. The company successfully secured ₹875.51 crore from anchor investors prior to the public offering. The IPO price band is set at ₹382-402 per share, with a minimum investment of ₹14,070 for retail investors. Kfin Technologies is the registrar, and Kotak Mahindra Capital Company, Morgan Stanley India Company, Jefferies India, and Motilal Oswal Investment Advisors are the book-running lead managers.

Meanwhile, Bajaj Auto exceeded Q3 earnings expectations, driven by a strong performance from its electric vehicle division, which contributed 45% of total revenue. The EV business also achieved profitability this quarter.

In a surprising development, ITC Hotels, after demerging from its parent company, debuted on the NSE at ₹180 per share – a nearly 31% discount from its implied price.

Further market news includes:

* **Positive outlook for Denta Water and Infra Solutions Ltd.:** Analysts predict a strong market debut with a potential 35% premium.
* **New SEBI portal:** The market regulator launched a portal for market infrastructure institutions to report technical glitches, aiming to improve data quality.
* **Traders Gurukul’s BOTS Summit:** India’s largest regional retail option traders summit continues to provide insights into the crypto market.
* **DeepSeek AI:** Bernstein analysts highlight the impressive but not miraculous performance of the low-cost Chinese AI assistant, DeepSeek.

The day’s events showcase a dynamic Indian market with diverse opportunities and challenges for investors. Further updates on these and other market developments will follow.

Read More