Dr Agarwal's Healthcare IPO subscribed 1.55 times on Day 3, allotment on Monday; here’s how to check status online

The initial public offering of Dr Agarwal’s Healthcare Ltd. managed to sail through on the third and last day of bidding, Friday, January 31, after witnessing muted demand for two days. The mainboard issue was booked 1.55 times overall, led by Qualified Institutional Buyers (QIBs).

The investors who participated in the IPO bidding await the company to finalise the share allotment status. Dr Agarwal's Healthcare IPO share allotment status is scheduled to be finalised on February 3.

The company launched its IPO on Wednesday, January 29, to raise ₹3,027.26 crore from the primary market.

The initial public offering of the Healthcare company attracted bids for over 8.29 crore shares against 5.35 crore shares on offer, as per the NSE data at the end of bidding at 5 pm.

The Qualified Institutional Buyers (QIBs) led the demand for the IPO by booking their quota 4.64 times. The QIBs applied for over 6.73 crore shares against 1.45 crore shares on offer. The Non-Institutional Investors (NIIs) subscribed 39% of their allocated 1.08 crore shares with bids for over 42.75 lakh shares. The retail portion of the IPO was booked at 41%, with bids for 1.05 crore shares against 2.54 crore shares on offer. The employees’ segment was booked 27%, while the shareholders' quota was subscribed 51%.

Dr Agarwal's Healthcare raised ₹875.51 crore from anchor investors ahead of the IPO's launch. The company allotted 2.17 crore equity shares to 14 anchor investors at ₹402 apiece.

IPO investors can check the share allotment status on the NSE, BSE, and the official website of the issue registrar, KFin Technologies.

Steps to check Dr Agarwal's Healthcare IPO allotment status on the NSE website

• Visit the NSE IPO allotment status page here: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Click on ‘Equity and SME IPO bid details’ out of two options
• Select Dr Agarwal’s Healthcare Ltd from the dropdown menu for issue names
• Enter your IPO Application Number and PAN details
• Click ‘Submit’ to view share allotment details

Steps to check IPO allotment status on Kfin Technologies

• Open the IPO allotment status page on the official website of issue registrar, KFin Technologies: https://ipostatus.kfintech.com/
• Click on ‘Select IPO’ dropdown list and choose Dr Agarwal's Healthcare Ltd
• Choose any of these- PAN, Application Number, DP ID or Account Number.
• Enter the relevant details for verification.
• Clear Captcha and submit

It’s important to note that the IPO allotment status will only appear after the company finalises the share allocation. The IPO allotment status can also be checked on the BSE website using the PAN and application number details.

Dr Agarwal's Healthcare IPO key details

• Dr Agarwal's Healthcare IPO comprised a fresh issue of 74.62 lakh shares, worth up to ₹300 crore, and an offer-for-sale (OFS) of 6.78 crore shares, aggregating up to ₹2,727.26 crore.
• Under OFS, Claymore Investments (Mauritius) Pte Ltd, Arvon Investments Pte Ltd, and Hyperion Investments Pte Ltd will offload their stake.
• The company has fixed the price band at ₹382 to ₹402 per share for the IPO. The minimum lot size is 35 shares.
• The company will initiate refunds on Tuesday, February 4, and the allottees will also receive shares in their Demat accounts the same day.
• The company has proposed to list its shares on the BSE and NSE on Wednesday, February 5.

About Dr Agarwal's Healthcare and use of IPO proceeds

Dr Agarwal's Healthcare is a leading eye care services provider. It offers services such as cataract, refractive, and other surgeries, diagnosis, and non-surgical treatments. It also sells optical products, accessories, contact lenses, and eye care-related pharmaceutical items.

It had a network of 193 facilities as of September 2024, with a majority concentration in the southern part of India, particularly Hyderabad, Bengaluru and Chennai, followed by the western region. It also operates 16 facilities in the African market.

Out of the IPO proceeds, up to ₹195 crore will be used for debt payment. A part will also be used for unidentified inorganic acquisitions and general corporate purposes.

Dr Agarwal's Healthcare Key Financials

Key Performance Indicators (KPIs)