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Unlisted shares of Dr. Agarwal’s Health Care Ltd are trading at Rs 402.5 apiece in the grey market, which is just 0.12 per cent GMP over the upper IPO price of 402, indicating flat or negative listing.
Dr Agarwals Healthcare IPO Allotment Status.
Dr Agarwals Healthcare IPO Allotment Status: Even as the Dr Agarwals Healthcare IPO has received an overwhelming 1.49 times subscription from investors, the allotment is set to be finalised today, February 3, in the evening. Once allotted, investors will start receiving bank debit messages. They can also check the allotment status on the websites of the BSE and NSE, as well as on registrar Kfin Technologies Ltd.
According to market observers, the GMP is very low at 0.12 per cent, suggesting a flat or negative listing.
After the allotment is finalised, the IPO listing is scheduled to take place on February 5 on both BSE and NSE.
Dr Agarwals Healthcare IPO: How To Check Allotment Status Online?
The Dr Agarwals Healthcare IPO allotment will take place on Monday, February 3, in the evening. The IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Dr. Agarwal’s Health Care Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
You can also visit directly on the registrar Kfin Technologies Ltd’s portal — https://rti.kfintech.com/ipostatus/ and check the Dr Agarwals Healthcare IPO allotment status.
Dr Agarwals Healthcare IPO GMP Today
According to market observers, unlisted shares of Dr. Agarwal’s Health Care Ltd are currently trading at Rs 402.5 apiece in the grey market, which is a 0.12 per cent premium over the upper IPO price of Rs 402. It indicates a strong listing gain for investors on February 5.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Dr Agarwals Healthcare IPO: More Details
The initial public offer of Dr Agarwal’s Health Care Ltd, which was open for public subscription between January 29 and January 31, was subscribed 1.55 times on the closing day of bidding. The Rs 3,027.26-crore public issue received bids for 8,29,80,520 shares against 5,35,26,172 shares on offer, according to the NSE data.
The portion for Qualified Institutional Buyers (QIBs) got subscribed 4.64 times while the category for Retail Individual Investors (RIIs) received 41 per cent subscription. The quota for non-institutional investors got subscribed 39 per cent.
Ahead of the IPO, Dr Agarwal’s Health Care raised over Rs 875.5 crore from anchor investors.
The public issue has a price band of Rs 382-402 per share.
The IPO is a combination of a fresh issue of up to Rs 300 crore and an Offer For Sale (OFS) of up to 6.78 crore equity shares worth Rs 2,727.26 crore by promoters and other selling shareholders at the upper end of the price band.
Proceeds from the fresh issue to the tune of Rs 195 crore will be used for payment of debt. Besides, a portion will be used for general corporate purposes and unidentified inorganic acquisitions.
Overview About Dr Agarwal’s Health Care
Dr Agarwal’s Health Care offers a wide array of services, including cataract, refractive, and other surgeries, consultations, diagnosis, non-surgical treatments, and the sale of optical products, contact lenses, accessories, and eye care-related pharmaceutical items.
As of September 2024, its network consisted of 193 facilities with a majority concentration in South India, particularly Chennai, Hyderabad and Bengaluru, followed by Western India.
Kotak Mahindra Capital Company, Morgan Stanley India Company, Jefferies India and Motilal Oswal Investment Advisors are the book-running lead managers to the issue.