Wed Jan 29 09:01:46 UTC 2025: ## Dr. Agarwal’s Healthcare IPO Opens, Seeks ₹3,027 Crore

**Mumbai, January 29, 2024** – Dr. Agarwal’s Healthcare’s initial public offering (IPO) opened today, aiming to raise ₹3,027.26 crore. The IPO, which closes on January 31st, offers shares at a price band of ₹382 to ₹402 per share. The issue comprises a fresh issue of ₹300 crore and an offer for sale (OFS) of ₹2,727.26 crore by existing shareholders.

Ahead of the IPO, the grey market premium (GMP) suggests a potential listing price around ₹414, a 2.99% increase over the upper price band. However, this is purely speculative and the actual listing price will depend on market conditions.

Retail investors can apply for a minimum of 35 shares (₹14,070), while small and large non-institutional investors require 525 and 2,520 shares respectively. The company already secured ₹875.50 crore from anchor investors on January 28th, allotting shares at the upper price band of ₹402. Prominent investors including Government of Singapore, Monetary Authority of Singapore, and several major mutual funds participated.

Share allotment is expected on February 3rd, with a tentative listing date on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on February 5th. Kotak Mahindra Capital, Morgan Stanley India, Jefferies India, and Motilal Oswal Investment Advisors are managing the IPO, with Kfin Technologies serving as the registrar.

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