Dr Agarwal's Healthcare : Dr Agarwal's Healthcare shares get listed at 1.27% discount!Dr Agarwal's Healthcare : Dr Agarwal's Healthcare shares get listed at 1.27% discount!

Dr Agarwal’s Healthcare had a muted market debut today, with shares opening at ₹402 on the NSE and ₹396.90 on the BSE, reflecting a 1.27% decline from the issue price, indicating a subdued listing performance.

Dr. Agarwal’s Healthcare IPO saw a 1.55x subscription on its final day, Friday. The Qualified Institutional Buyer (QIB) segment was oversubscribed by 4.64x, while Retail Individual Investors (RIIs) subscribed 41% and the non-institutional segment saw a 39% subscription rate.

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Dr. Agarwal’s Health Care Limited, incorporated in 2010, provides comprehensive eye care services, including cataract, refractive, and other surgeries. Operating 193 facilities across 117 cities in India, it served 2.13 million patients and performed 220,523 surgeries by September 30, 2024, showcasing extensive reach and expertise.

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Dr. Agarwal’s Healthcare Ltd plans to use ₹195 crores from IPO proceeds for debt reduction, improving the debt-equity ratio, and supporting business growth. Remaining funds will cover corporate needs, including infrastructure, working capital, and operational expenses.
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