Dr. Agarwal's IPO
ListedMainboardOpens 29 January 2025Closes 31 January 2025
Dr. Agarwal's Health Care Limited, started in 2010, provides a full range of eye care services, including cataract and refractive surgeries, consultations, non-surgical treatments, and the sale of optical goods, contact…
Dr. Agarwal's Health Care Limited, started in 2010, provides a full range of eye care services, including cataract and refractive surgeries, consultations, non-surgical treatments, and the sale of optical goods, contact lenses, and eye medicines. By September 30, 2024, the company had 737 doctors, treated 2.13 million patients, and performed 220,523 surgeries. In the last six months, it treated 1.15 million patients and performed 140,787 surgeries.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
29 Jan
IPO Closes
31 Jan
Allotment
3 Feb
Listing
5 Feb
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 29 January 2025 |
| IPO Close Date | 31 January 2025 |
| Allotment Date | 3 February 2025 |
| Listing Date | 5 February 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,070 |
Retail (Max)Just less than ₹2,00,000 | 14 | ₹1,96,980 |
SHNI (Min)Just above ₹2,00,000 | 15 | ₹2,11,050 |
SHNI (Max)Below ₹10,00,000 | 71 | ₹9,98,970 |
BHNIAbove ₹10,00,000 | 72 | ₹10,13,040 |
IPO Objectives
- Repayment/prepayment, in part or full, of certain of the borrowings
- General corporate purposes and unidentified inorganic acquisition.
Strengths
- India’s largest eye care provider with a well-known and trusted brand.
- Offers complete eye care services, catering to a wide variety of patients.
- Efficient hub-and-spoke model that is scalable and asset-light.
- Strong clinical expertise and a track record of surgical innovations.
- Successful growth through expansion, acquisitions, and increased profitability.
Weaknesses
- Limited reach in remote areas, making services less accessible to some people.
- Faces strong competition from other leading eye care providers in India.
- Relies heavily on skilled doctors to maintain service quality and performance.
- High costs of advanced medical technology and treatments can be challenging.
- Changes in healthcare regulations could affect flexibility and growth.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 3,393.41 | 2,752.82 | 1,825.17 | 1,026.13 |
| Revenue (₹ Cr.) | 837.94 | 1,376.45 | 1,031.49 | 713.78 |
| PAT (₹ Cr.) | 39.56 | 95.05 | 103.23 | 43.16 |
| Net Worth (₹ Cr.) | 1,502.67 | 1,337.68 | 627.83 | 212.34 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Dr. Agarwal's Health.. | 8.04 | 130.44 | 6.21% | 1,502.67 |
| Apollo Hospitals | 13.2 | 107.11 | 62.5% | 7,321 |
| Max Healthcare | 9.52 | 95.88 | 12.58% | 8,408 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 1.01x | 4.41x |
| NII | 0.06x | 0.12x | 0.39x |
| S-HNI | 0.09x | 0.2x | 0.54x |
| B-HNI | 0.04x | 0.08x | 0.29x |
| RII | 0.12x | 0.24x | 0.42x |
| EMP | 0.09x | 0.17x | 0.26x |
| Total | 0.07x | 0.42x | 1.49x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 1,45,19,200 | 6,40,02,575 | 2,572.9 |
| NII | 1,08,89,400 | 42,75,705 | 171.88 |
| Small NII | 36,29,800 | 19,54,820 | 78.58 |
| Big NII | 72,59,600 | 21,19,880 | 85.22 |
| RII | 2,54,08,599 | 1,05,59,535 | 424.49 |
| EMP | 15,79,399 | 4,18,110 | 16.81 |
| Total | 5,35,26,172 | 7,98,30,135 | 3,209.17 |
Company Details
- Dr. Agarwal's Health Care Limited
- 1st Floor, Buhari Towers No.4, Moores Road, Off Greams Road, Near Asan Memorial School, Chennai 600 006
- +91 44 4378 7777
- secretarial@dragarwal.com
- https://dragarwals.co.in/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- ahcl.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
Frequently Asked Questions
See live numbers on GMP, Subscription, and Allotment pages.
Dr. Agarwal's IPO News & Updates
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Dr. Agarwal's IPO IPO Pages
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Dr. Agarwal's IPO Details
Issue size, price, financials, and company info
Dr. Agarwal's IPO GMP
Live grey market premium and listing estimate
Dr. Agarwal's IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Dr. Agarwal's IPO Allotment
Allotment date, chances, and check by PAN
Dr. Agarwal's IPO Review
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Dr. Agarwal's IPO FAQ
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Dr. Agarwal's IPO Registrar
Registrar website and how to check allotment
Dr. Agarwal's IPO Timeline
Open, close, allotment, and listing dates
Dr. Agarwal's IPO News
Updates, blogs, and latest IPO news
Sources
We match Dr. Agarwal's IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Kfin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.