Dr. Agarwal’s Health Care IPO will open on January 29, 2025, and close on January 31, 2025. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹3,027.26 crores. The issue includes a fresh issue of ₹300.00 crores and an offer for sale of up to 2,727.26 equity shares, each with a face value of ₹1.
The price band for the IPO is set between ₹382 and ₹402 per share. The allocation for the IPO is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). Dr. Agarwal’s Health Care IPO is expected to list on the BSE and NSE on February 5, 2025, with the allotment date scheduled for February 3, 2025.
For the financial year 2024, the company reported a revenue of ₹1,376.45 crores, up from ₹1,031.49 crores in 2023. However, its profit decreased to ₹95.05 crores in 2024, compared to ₹103.23 crores in 2023. Based on the financials, investors are advised to consider applying for the IPO with a long-term investment perspective.
Dr. Agarwal’s Health Care IPO Details
- IPO Opening Date: January 29, 2025
- IPO Closing Date: January 31, 2025
- Face Value: ₹1 per equity share
- Price Band: ₹382 to ₹402 per share
- Issue Size: Approximately ₹3,027.26 Crores
- Fresh Issue: Approximately ₹300 Crores
- Offer for Sale: Approximately 6,78,42,284 equity shares
- Issue Type: Book Built Issue
- IPO Listing: BSE & NSE
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: [Click Here]
- RHP Draft Prospectus: [Click Here]
Dr. Agarwal’s Health Care IPO Market Lot Details
The Dr. Agarwal’s Health Care IPO offers the following market lot options for investors:
- Retail Minimum: 1 lot, consisting of 35 shares, with an application amount of ₹14,070.
- Retail Maximum: Up to 13 lots, totaling 490 shares, with an application amount of ₹1,96,980.
- S-HNI Minimum: 14 lots, comprising 525 shares, with an application amount of ₹2,11,050.
- B-HNI Minimum: 68 lots, totaling 2,520 shares, with an application amount of ₹10,13,040.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 35 | ₹14,070 |
| Retail Maximum | 13 | 490 | ₹1,96,980 |
| S-HNI Minimum | 14 | 525 | ₹2,11,050 |
| B-HNI Minimum | 68 | 2,520 | ₹10,13,040 |
Dr. Agarwal’s Health Care IPO Important Dates
The key dates for the Dr. Agarwal’s Health Care IPO are as follows:
- IPO Open Date: January 29, 2025
- IPO Close Date: January 31, 2025
- Basis of Allotment: February 3, 2025
- Refunds: February 4, 2025
- Credit to Demat Account: February 4, 2025
- IPO Listing Date: February 5, 2025
Promoters of Dr. Agarwal’s Health Care IPO
The promoters of Dr. Agarwal’s Health Care IPO include:
- Dr. Amar Agarwal
- Dr. Athiya Agarwal
- Dr. Adil Agarwal
- Dr. Anosh Agarwal
- Dr. Ashvin Agarwal
- Dr. Ashar Agarwal
- Dr. Amar Agarwal Family Trust
- Dr. Adil Agarwal Family Trust
- Dr. Anosh Agarwal Family Trust
- Dr. Ashvin Agarwal Family Trust
- Dr. Ashar Agarwal Family Trust
- Dr. Agarwal’s Eye Institute
- Dr. Agarwal’s Eye Institute Private Limited
About Dr. Agarwal’s Health Care IPO
Founded in 2010, Dr. Agarwal’s Health Care Limited is a rapidly growing company in the field of eye care-related pharmaceutical products. The company offers a broad range of products and services, including cataract and refractive surgeries, consultations, diagnoses, non-surgical treatments, opticals, contact lenses, and various accessories. With a strong operational history, the company aims to meet the eye care needs of its patients, ensuring they feel safe and confident throughout their treatment journey.
As of March 31, 2024, Dr. Agarwal’s Health Care operates approximately 180 facilities. Its primary facilities offer optical products, contact lenses, and accessories, while secondary facilities provide services such as cataract and reconstructive surgeries. The company also operates three centers of excellence (COEs) within its tertiary facilities. Dr. Agarwal’s Health Care has a notable presence in India, with 26 tertiary hubs, including three COEs, and 139 spokes, comprising 35 primary and 104 secondary facilities.
Dr. Agarwal’s Health Care IPO Company Financial Report
Dr. Agarwal’s Health Care reported a revenue of ₹1,376.45 crores in 2024, up from ₹1,031.49 crores in 2023. The company’s profit for 2024 was ₹95.05 crores, compared to ₹103.23 crores in 2023.
Financial Summary (₹ in Crores)
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹713.78 | ₹657.02 | ₹43.16 | ₹1,026.13 |
| 2023 | ₹1,031.49 | ₹947.90 | ₹103.23 | ₹1,825.17 |
| 2024 | ₹1,376.45 | ₹1,235.88 | ₹95.05 | ₹2,752.82 |
| September 2024 | ₹837.94 | ₹777.59 | ₹39.56 | ₹3,393.41 |
Dr. Agarwal’s Health Care IPO Valuation – FY2024
Here are the key valuation details for Dr. Agarwal’s Health Care IPO, including key performance indicators (KPIs) such as Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV):
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 3.14% |
| Return on Capital Employed (ROCE) | 5.95% |
| EBITDA Margin | 26.91% |
| PAT Margin | 4.70% |
| Debt to Equity Ratio | 0.70 |
| Earnings Per Share (EPS) | ₹3.14 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 6.21% |
| Net Asset Value (NAV) | ₹50.53 |
Peer Group Comparison
Here is a comparison of Dr. Agarwal’s Health Care with its peer group, showcasing key financial metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and Income:
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Apollo Hospitals Enterprise Limited | ₹62.50 | 107.11 | 12.97% | ₹481.93 | ₹19,059.20 Cr. |
| Max Healthcare Institute Limited | ₹10.89 | 95.88 | 12.58% | ₹86.54 | ₹6,849.00 Cr. |
| Fortis Healthcare Limited | ₹7.93 | 82.11 | 7.82% | ₹101.48 | ₹6,892.92 Cr. |
| Global Health Limited | ₹17.80 | 57.49 | 16.46% | ₹108.17 | ₹3,275.11 Cr. |
| Narayana Hrudayalaya Limited | ₹38.86 | 33.14 | 27.37% | ₹141.98 | ₹5,018.25 Cr. |
| Krishna Institute of Medical Sciences Limited | ₹7.75 | 79.79 | 16.96% | ₹228.47 | ₹2,498.14 Cr. |
| Aster DM Healthcare Limited | ₹3.60 | 136.07 | 3.63% | ₹71.62 | ₹3,698.90 Cr. |
| Rainbow Children’s Medicare Limited | ₹21.38 | 67.90 | 17.24% | ₹124.03 | ₹1,296.90 Cr. |
Objects of the Issue
The proceeds from the issue will be used for:
- Repayment or prepayment, either partially or in full, of certain borrowings
- General corporate purposes, including potential inorganic acquisitions
Dr. Agarwal’s Health Care IPO Review
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Dr. Agarwal’s Health Care IPO Registrar
KFin Technologies Limited
Phone: 040-67162222, 040-79611000
Email: ahcl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers (Merchant Bankers)
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Pvt Ltd
- Jefferies India Private Limited
- Motilal Oswal Investment Advisors Limited
Company Address
Dr. Agarwal’s Health Care Limited
1st Floor, Buhari Towers
No. 4, Moores Road, Off Greams Road
Near Asan Memorial School, Chennai 600 006
Phone: +91 44 4378 7777
Email: secretarial@dragarwal.com
Website: https://dragarwals.co.in/
Dr. Agarwal’s Health Care IPO FAQs
What is Dr. Agarwal’s Health Care IPO?
Dr. Agarwal’s Health Care IPO is a Mainboard IPO in which the company aims to raise ₹3,027.26 Crores. The issue is priced between ₹382 and ₹402 per equity share. The IPO will be listed on BSE and NSE.
When will Dr. Agarwal’s Health Care IPO open for subscription?
The IPO will open on January 29, 2025, for QIB, NII, and Retail Investors. The subscription will close on January 31, 2025.
What is the investor portion for Dr. Agarwal’s Health Care IPO?
The investor portion is allocated as follows:
- QIB (Qualified Institutional Buyers): 50%
- NII (Non-Institutional Investors): 15%
- Retail Investors: 35%
How can I apply for Dr. Agarwal’s Health Care IPO?
You can apply for the Dr. Agarwal’s Health Care IPO through ASBA online via your bank account or via UPI through your stockbroker. Alternatively, you can apply by filling out the offline form with your stockbroker.
What is the issue size of Dr. Agarwal’s Health Care IPO?
The issue size of Dr. Agarwal’s Health Care IPO is ₹3,027.26 crores.
What is the price band for Dr. Agarwal’s Health Care IPO?
The price band for Dr. Agarwal’s Health Care IPO is ₹382 to ₹402 per equity share.
What is the lot size for Dr. Agarwal’s Health Care IPO?
The minimum bid for the IPO is 35 shares, with an application amount of ₹14,070.
What is the allotment date for Dr. Agarwal’s Health Care IPO?
The allotment date for Dr. Agarwal’s Health Care IPO is February 3, 2025.
What is the listing date for Dr. Agarwal’s Health Care IPO?
The listing date for Dr. Agarwal’s Health Care IPO is February 5, 2025. The IPO will be listed on both BSE and NSE.
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