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Dr. Agarwal's Health Care IPO

Dr. Agarwal's Health Care IPO

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Registrar: KFin Technologies Limited · Listing 2025-02-04
IPO Timeline
Today · 20 Oct 2026
Opens
29 Jan 2025
Closes
31 Jan 2025
Allotment
03 Feb 2025
Refund
03 Feb 2025
Demat
03 Feb 2025
Listing
04 Feb 2025
Price Band
₹382–402
GMP
₹0
0%
Lot Size
35 Shares
Min ₹14,070
Subscription
0x
Issue Size
₹3027 Cr
Open
2025-01-29
Close
2025-01-31
Listing
2025-02-04

About the company

Dr. Agarwal’s Health Care Limited, a leading eye-care provider, operates 193 facilities in India and 16 in 9 African countries, using a hub-and-spoke model for efficient care delivery. With a 25% share in India’s organized eye-care market (FY24), it treated .16 crores patients in H1FY25 and conducted 140,787 surgeries. The Indian eye-care market, projected to grow at a 12-14% CAGR to ₹550-650 Bn by FY28, offers vast potential, with organized players comprising just 13-15%. Expansion in Tier-II/III cities and Africa positions the company for growth.

Strengths

    Risks

      Financial performance (₹ Cr)

      Subscription breakup (final, times)

      Retail0x
      NII0x
      QIB0x
      Total0x

      IPO Roadmap / Timeline

      Current Status · as of 20 Oct 2026
      Listed
      Listed on 04 Feb 2025
      Listed 623 days ago
      1. IPO Opens

        Completed
        29 Jan 2025

        Bidding starts for all investor categories

      2. IPO Closes

        Completed
        31 Jan 2025

        Last day to place your bid

      3. Basis of Allotment

        Completed
        03 Feb 2025

        Share allotment finalised

      4. Refund Initiation

        Completed
        03 Feb 2025

        Refunds credited for non-allottees

      5. Credit to Demat

        Completed
        03 Feb 2025

        Allotted shares credited to demat account

      6. Listing on Exchange

        Completed
        04 Feb 2025

        Shares list on NSE / BSE

      Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

      Lot size & minimum investment

      Lot Size
      35 shares
      Price / Share (upper)
      ₹402
      Min Investment (1 lot)
      ₹14,070
      Price Band
      ₹382–402
      Retail
      ≤ ₹2,00,000
      Min lots
      1
      Min shares
      35
      Min amount
      ₹14,070
      Max amount
      ₹196,980
      sHNI (Small HNI)
      ₹2L – ₹10L
      Min lots
      15
      Min shares
      525
      Min amount
      ₹211,050
      Max amount
      ₹998,970
      bHNI (Big HNI)
      > ₹10L
      Min lots
      72
      Min shares
      2520
      Min amount
      ₹1,013,040
      Max amount
      ₹1,083,390

      Shares reserved per category & allotment probability

      QIB
      100% allotment
      Reservation
      50%
      Amount
      ₹1513.5 Cr
      Shares offered
      38,609,694
      Shares bid
      0
      Subscribed
      0.00x
      NII
      100% allotment
      Reservation
      15%
      Amount
      ₹454.05 Cr
      Shares offered
      11,582,908
      Shares bid
      0
      Subscribed
      0.00x
      Retail
      100% allotment
      Reservation
      35%
      Amount
      ₹1059.45 Cr
      Shares offered
      27,026,786
      Shares bid
      0
      Subscribed
      0.00x

      Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).