Kolkata: Dr Agarwal’s Healthcare IPO is a book-built issue that targets 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. Each share of Dr Agarwal’s Healthcare IPO has been priced at Rs 382-402. The company has been able to mop up more than Rs 875.5 crore from anchor investors, the list of which includes the government of Singapore, Goldman Sachs, Morgan Stanley, Government Pension Fund Global (Norway), Fidelity, Nomura, Invesco Mutual Fund (MF), Motilal Oswal MF, Canara Robeco MF and Tata MF.
Also note that a retail investor has to apply for a minimum investible lot of 35 shares and the date of allotment is February 3. Unsuccessful bidders will get back their application money on February 4. The shares will be listed on February 5. Dr Agarwals Healthcare IPO opens for bidding on Wednesday, January 29 and the bidding process will close on Friday, January 31, 2025. The 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 GMP
According to investorgain data, the Grey market premium (GMP) of Dr Agarwal’s Healthcare IPO stood at Rs 13 on the morning of January 29, the first day of the bidding process. Assuming the upper end of the price band at Rs 402.00, the GMP indicates a listing price of Rs 414. It indicates a listing gain of 3.23%. It is to be noted that Dr Agarwal’s IPO GMP has been declining for the past few days. The GMP stood at Rs 54 on January 24, following which it kept going down steadily — Rs 30 on January 25, Rs 32 o January 26, Rs 13 on January 27 and Rs 12 only January 29.
Dr Agarwal’s Healthcare IPO price band, lot size
The minimum investible lot for a retail investor has 35 shares, which needs an application money of Rs 14,070. For a sNII category investor, the minimum lot is 15 lots (or 525 shares), which 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).
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Dr Agarwal’s Healthcare IPO is a book-built issue that is designed to mop up Rs 3,027.26 crores from the market. However, the issue has a heavy dose of OFS (Offer For Sale) shares compared to fresh issue. The GMP (Grey Market Premium) of Dr Agarwal’s Healthcare IPO has been inching down over the past few days and on the morning of January 29, it stood at Rs 12 that indicated a listing gain of 2.99%. Dr Agarwal’s Healthcare IPO price band is Rs 382-402 and minimum investible lot has 35 shares. The shares will be allotted on February 3. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
