Dr Agarwal’s Healthcare IPO: Worth band determined, you possibly can bid from January 29 – INA NEWS

Eyecare companies supplier Dr Agarwal’s Healthcare The IPO is scheduled to open on January 29. What’s the value band saved for this and what are the remaining particulars of the difficulty, learn on this information… It has been fastened at Rs 382-402 per share. The corporate desires to lift roughly Rs 3,027.26 crore. TPG and Temasek Holdings have additionally invested in Dr. Aggarwal’s Healthcare. Dr Agarwals Healthcare is the mum or dad firm of listed firm Dr Agarwals Eye Hospital. It holds 71.90 % stake in Dr. Aggarwal’s Eye Hospital.

The IPO will shut on January 31. Anchor buyers will be capable of bid on January 28. Shares will likely be listed on BSE, NSE on 5 February. The IPO will see issuance of recent shares value as much as Rs 300 crore, together with a proposal on the market (OFS) of 6.78 crore fairness shares value Rs 2,727.26 crore from promoters and different shareholders. Amongst those that offered shares within the OFS have been Arvon Investments Pvt Ltd, Claymore Investments (Mauritius) Pvt Ltd and Hyperion Investments Pvt Ltd.

TPG holds 33.75 per cent stake in Dr Aggarwal’s Well being Care by means of Hyperion Investments Pte, whereas Temasek holds 12.45 per cent by means of Arvon Investments Pte and 15.73 per cent by means of Claymore Investments (Mauritius) Pte. The promoters of the corporate are Amar Agarwal, Athiya Agarwal, Adil Agarwal, Anosh Agarwal, Ashwin Agarwal, Dr. Agarwal’s Eye Institute, Farah Agarwal and Urmila Agarwal.

What sort of eyecare companies does the corporate present?

With 165 amenities in India and 15 globally (together with 9 in Africa), Tamil Nadu-based Dr. Agarwal’s Healthcare affords eyecare companies resembling cataract, refractive and different surgical procedures. Aside from this, it additionally sells spectacles, contact lenses and equipment, and eyecare associated pharma merchandise. Its share within the complete eyecare service chain market in India throughout FY 2024 was about 25 %.

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How will Dr Agarwal’s Healthcare IPO cash be used?

The corporate will use Rs 195 crore of the cash raised by issuing new shares within the IPO to repay the mortgage. The remaining cash will likely be used for basic company functions and inorganic acquisitions. The service provider bankers to the difficulty are Kotak Mahindra Capital, Jefferies, Morgan Stanley and Motilal Oswal.

Income elevated by 31% in FY24

Dr Agarwal’s Healthcare had a consolidated debt of Rs 384 crore by July 2024. The corporate’s web revenue declined by 7.9 % to Rs 95 crore in FY 2024. A yr in the past it was Rs 103.2 crore. Income from operations grew 30.9 per cent to Rs 1,332 crore in FY23 from Rs 1,018 crore. EBITDA grew 34 per cent to Rs 362.3 crore and margin expanded 0.6 bps to 27.2 per cent.

Tata Group Information: One other firm of Tata will likely be listed! That is why the dialogue began