Mumbai2 days ago
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The listing ceremony of Dr. Agrawal’s Health Care Limited took place on the Bombay Stock Exchange.
The share of Dr. Agrawals Health Care Limited was a flat list on the stock exchange today. On the National Stock Exchange (NSE), the share was listed at the issue price of IPO at ₹ 402. At the same time, the share was listed at ₹ 396.90 below 1.27% from the share issue price on Bombay Stock Exchange (BSE).
This initial public offering was open to bid from 29 January to 31 January. The IPO total was subscribed at 1.49 times during the three business days. Retail category was 0.42 times in Qualified Institutional Buyers (QIB) 4.41 times and non-institutional investors (NII) 0.39 times in category.
₹ 3,027.26 crore was the issue of Dr. Agrawal’s Health Care
This issue of Dr. Agrawals Health Care Limited was ₹ 3,027.26 crore. For this, 6,78,42,284 shares worth ₹ 2,727.26 crore were sold through the company’s current investor offer for sale. At the same time, the company shared 74,62,686 fresh fresh fresh ₹ 300 crore.
Retail investors could be bidding for maximum 490 shares
Dr. Agrawals Health Care Limited had fixed the price band of the IPO ₹ 382- ₹ 402. Retail investors could do bidding for minimum for a lot ie 35 shares. If you apply for 1 lot for 1 lot at the rate of ₹ 402, the upper prize band of the IPO, then ₹ 14,070 would have been invested.
At the same time, retail investors could apply for maximum 14 lots i.e. 490 shares. For this, investors would have to invest ₹ 1,96,980 according to the upper prize band.
35% of the issue reserved for retail investors
The company has reserved 50% of the IPO for qualified institutional buyers (QIB). Apart from this, 35% share is reserved for non-institutional investors (NII).
Dr. Agrawals Health Care Limited was established in 2010
Dr. Agrawal’s Health Care Limited, established in 2010, offers iCare services such as cataract, refractor and other surgery. Apart from this, it also sells glasses, contact lenses and pharma products related to iCare. During the financial year 2024, its share in the total iCare service chain market in India was around 25%.
What is IPO?
When a company releases its shares for the common people for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to increase business. In such a situation, instead of taking loans from the market, the company raises money by selling some shares to public or issuing new share. For this, the company brings IPO.