IPO
Eye hospitals chain Dr Agarwal’s Health Care’s Rs.3027-Cr IPO fully subscribed
The INR 3,027.26 crore initial public offering (IPO) of Chennai-headquartered Dr Agarwal's Health Care, including a fresh share sale of INR 300 crore and an offer-for-sale worth INR 2,727.26 crore, received bids for 8,32,18,380 shares against 5,35,26,172 equity shares on offer, translating to a total subscription of 1.55 times.Qualified institutional buyers (QIBs) subscribed to their category 4.64 times. The non-institutional investors (NIIs) quota was booked 40%. The retail individual investors (RIIs) accounted for 41% subscription.Dr Agarwal's Health Care provides services such as refractive, cataract, and other surgeries; non-surgical treatments, diagnosis; and the sale of optical products.Kotak Mahindra Capital Company, Jefferies India, Motilal Oswal Investment Advisors, and Morgan Stanley India Company are the issue's book-running lead managers.
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