Dr. Agarwal’s Health Care Limited

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Dr. Agarwal’s Health Care Limited

Dr. Agarwal’s Health Care Limited provides a comprehensive range of eye care services, including cataract and refractive surgeries, consultations, diagnostics, and non-surgical treatments. It also offers optical products, contact lenses, and eye care pharmaceuticals. According to the CRISIL MI&A Report, the company held a 25% market share in India’s eye care service chain market in FY 2024. As of September 30, 2024, its network included 209 facilities, ensuring accessible and quality eye care services. Beyond India, the company expanded internationally in 2012 and, as of September 30, 2024, operates 16 facilities across nine countries in Africa.

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Price Band

₹382 - ₹402

Dates

29 Jan - 31 Jan

GMP

₹0 (0.00%)
Subscriptions

1.55 times
Issue Size

₹3,027.26 Crs
Dr.Agarwal IPO Key Dates
Opening Date

29 Jan 25

Closing Date

31 Jan 25

Basis Of Allotment

03 Feb 25

Initiations Of Refund

04 Feb 25

Credit Of Shares

04 Feb 25

Listing Date

05 Feb 25

Dr.Agarwal IPO Objects

1. Repayment of certain borrowings.
2. General corporate purposes and unidentified inorganic acquisition.

Dr.Agarwal IPO Details
Price Band

₹382 - ₹402

Listing At

NSE & BSE
IPO Issue Type

100% Book Built Offer
Fresh Issue

₹300.00 Cr (0.75 Cr Shares)
Offer For Sale

₹2,727.26 Cr (6.51 Cr Shares)
Total Issue

₹3,027.26 Cr (7.26 Cr Shares)
Face Value

₹1 per equity share
Dr.Agarwal IPO Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 1 35 14,070
Maximum 14 490 1,96,980
Small HNI
Minimum 15 525 2,11,050
Maximum 71 2,485 9,98,970
Big HNI
Minimum 72 2,520 10,13,040
Dr.Agarwal IPO Subscription

Updated as on 31-Jan-2025 19:00:00

Investor Category Subscription (times) Shares Offered Shared Bid
QIB 4.64 1,45,19,200 6,73,61,280
NII 0.40 1,08,89,400 43,07,310
bNII (bids above ₹10L) 0.31 72,59,600 22,85,955
sNII (bids between ₹2L to ₹10L) 0.56 36,29,800 20,21,355
Retail 0.41 2,54,08,599 1,05,40,285
Employee 0.27 15,79,399 4,25,565
Others 0.52 11,29,574 5,83,940
Total 1.55 5,35,26,172 8,32,18,380

Subscription data excludes the Anchor Investor portion.

Dr.Agarwal IPO GMP

The estimated Grey Market Premium of Dr.Agarwal IPO is ₹0 per share (0.00%)

  • GMPs are available for IPOs with listing dates from May 1, 2025, onwards.
  • The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
Particulars Allocation
QIBs Not more than 50% of Net Offer
Big HNIs (NII) Not less than 10% of Net Offer
Small HNIs (NII) Not less than 5% of Net Offer
Retail Not less than 35% of Net Offer
Dr.Agarwal IPO Financials

(Rs. in crores)

Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 837.94 1,376.45 1,031.49 713.78
Profit after Tax 39.56 95.05 103.23 43.16
Net Worth 1,502.67 1,337.68 627.83 212.34
Total Borrowing 373.68 387.79 356.18 290.18
Total Assets 3,393.41 2,752.82 1,825.17 1,026.13
NAV per share (in ₹) 52.72 50.53 26.73 10.32
EPS - Basic (in ₹) 1.00 3.14 4.01 1.83

The financial information presented is on a consolidated basis.

Key Performance Indicators
KPI KPI
ROCE (%) 14.61%
ROE (%) 9.33%
Net Debt to Equity 2.07
EBITDA (%) 29.54%
PAT (%) 6.91%
Price to earning (PE) 128.03
Mkt Cap (in Crs.) 12,698
Price to Book (PB) 7.96
  • All the data pertains to FY 2023-24.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.
Dr.Agarwal IPO Peer Comparision

(Rs. in crores)

Particulars Co. Apollo Hospitals Max Healthcare Fortis Healthcare Global Health Narayana Hrudayalaya Krishna Institute of Medical Sciences Krishna Institute of Medical Sciences Rainbow Children's Medicare
Revenue from operations 1,332.15 19,059.20 6,849.00 6,892.92 3,275.11 5,018.25 2,498.14 3,698.90 1,296.90
Profit after Tax 95.05 935.00 1,278.00 645.22 478.06 789.62 336.01 211.56 218.29
EPS (Basic) 3.14 62.50 10.89 7.93 17.80 38.86 7.75 3.60 21.38
NAV per share 50.53 481.93 86.54 101.48 108.17 141.98 228.47 71.62 124.03
Price to Earning 128.03 107.11 95.88 82.11 57.49 33.14 79.79 136.07 67.90
EBITDA Margin 29.54% 13.03% 27.84% 18.84% 26.08% 24.10% 26.02% 16.19% 34.93%
PAT Margin (%) 6.91% 4.88% 18.66% 9.31% 14.27% 15.50% 13.38% 5.68% 16.36%
Net Debt equity ratio 2.07 1.76 0.10 0.43 NA 0.99 2.00 2.11 1.62
  • All information pertains to FY 2023-24.
  • PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of January 15, 2025 for Peers
Dr.Agarwal IPO Peer Comparision

(Rs. in crores)

Particulars Co.
Revenue from operations 1,332.15
Profit after Tax 95.05
EPS (Basic) 3.14
NAV per share 50.53
Price to Earning 128.03
EBITDA Margin 29.54%
PAT Margin (%) 6.91%
Net Debt equity ratio 2.07
Apollo Hospitals Max Healthcare Fortis Healthcare Global Health Narayana Hrudayalaya Krishna Institute of Medical Sciences Krishna Institute of Medical Sciences Rainbow Children's Medicare
19,059.20 6,849.00 6,892.92 3,275.11 5,018.25 2,498.14 3,698.90 1,296.90
935.00 1,278.00 645.22 478.06 789.62 336.01 211.56 218.29
62.50 10.89 7.93 17.80 38.86 7.75 3.60 21.38
481.93 86.54 101.48 108.17 141.98 228.47 71.62 124.03
107.11 95.88 82.11 57.49 33.14 79.79 136.07 67.90
13.03% 27.84% 18.84% 26.08% 24.10% 26.02% 16.19% 34.93%
4.88% 18.66% 9.31% 14.27% 15.50% 13.38% 5.68% 16.36%
1.76 0.10 0.43 NA 0.99 2.00 2.11 1.62
  • All information pertains to FY 2023-24.
  • PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of January 15, 2025 for Peers
Promoter Details
Name Shareholding
Dr. Anosh Agarwal 7.16%
Dr. Athiya Agarwal 6.99%
Dr. Amar Agarwal 5.78%
Dr. Adil Agarwal 5.71%
Other Promoters 11.52%
Management Details
Name Designation
Dr. Amar Agarwal Chairperson
Yashwanth Venkat Chief Financial Officer
Dr. Adil Agarwal Chief Executive Officer
Company Details

DR. AGARWAL’S HEALTH CARE LIMITED

1st Floor, Buhari Towers, No.4, Moores Road, Off Greams Road, Near Asan Memorial School, Chennai 600 006, Tamil Nadu, India

Email: secretarial@dragarwal.com

Telephone: +91 44 4378 7777

WEBSITE :www.dragarwals.co.in

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Dr.Agarwal IPO is a Mainboard IPO having an issue size of Rs. ₹3,027.26 Crs. Dr.Agarwal IPO is priced at ₹382 - ₹402 per share. The issue opens on 29 Jan 25 and closes on 31 Jan 25.

Dr.Agarwal IPO opens on 29 Jan 25 and closes on 31 Jan 25.

The estimated Grey Market Premium of Dr.Agarwal IPO is ₹0 per share (0.00%).

The minimum lot size of Dr.Agarwal IPO is 35 shares & the minimum application amount is Rs. 14070.

The allotment date of Dr.Agarwal IPO is 03 Feb 25.

The listing date of Dr.Agarwal IPO is 05 Feb 25.

Dr.Agarwal IPO is subscribed 1.55 times.

Dr.Agarwal IPO is priced at ₹382 - ₹402 per share.

Click the allotment link on Dr.Agarwal IPO page of IPO360.

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  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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