Dr Agarwal’s Healthcare IPO is a book-built issue that seeks to raise Rs 3,027.26 crores from the market. Significantly, the issue has an overwhelming tilt to OFS (Offer For Sale) shares compared to fresh issue — 6.78 crore shares through the OFS route compared to 0.75 crore fresh shares. Dr Agarwal’s Healthcare IPO price band has been set at Rs 382-402. A retail investor has to apply for a minimum of 35 shares. The date of allotment is February 3, 2025, while the date of listing is on February 5. Unsuccessful bidders will get back their application money on February 4.
The book running lead managers of the IPO are Kotak Mahindra Capital Company, Morgan Stanley India Company, Jefferies India and Motilal Oswal Investment Advisors. Kfin Technologies has been appointed registrar for the issue. Dr Agarwal’s Healthcare IPO opens for bidding on Wednesday, January 29 and the bidding process will close on Friday, January 31, 2025.
Dr Agarwal’s Healthcare IPO GMP
Dr. Agarwal’s IPO as recorded by investorgain stood at Rs 13 on the morning of January 28, a day before the bid opens. Considering the upper end of the price band at Rs 402.00, the GMP indicates a listing price of Rs 415, which signals a listing gain of 3.23%. It is significant that Dr. Agarwal’s IPO GMP has been going down for the past few days. According to Investorgain, the GMP stood at Rs 54 on January 24. Then it kept decreasing and hit the following levels — Rs 30 on January 25, Rs 32 o January 26 and dropped to Rs 13 on January 27, 2025. At Rs 13, the GMP indicated a listing gain of Rs 3.23% -a substantial dilation from 13.43% indicated on January 24.
Dr Agarwal’s Healthcare IPO price band, lot size, important dates
According to the prospectus, the minimum lot size that a retail investor has to apply for has 35 shares. This calls for a minimum application money of Rs 14,070 for a retail investor. For a sNII investor, the minimum shares to apply for is 15 lots (or 525 shares), that will cost Rs 2,11,050. For bNII category of investors, they will need Rs 10,13,040 to apply for a minimum of 72 lots (or 2,520 shares).
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)
Dr Agarwal’s Healthcare IPO is a book-built issue to raise Rs 3,027.26 crores. However, the issue has an overwhelming tilt to OFS (Offer For Sale) shares compared to fresh issue — 6.78 crore shares through the OFS route compared to 0.75 crore fresh shares. The price band has been set at Rs 382-402 and minimum investible lot has 35 shares. The date of allotment is February 3, 2025. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
