Dr Agarwal’s Healthcare shares lists flat at Rs 402 on NSE

Dr Agarwal’s Healthcare made a flat debut on the NSE, with its stock listing at ₹402, exactly matching the upper end of its IPO price band of ₹382-402 per share. The IPO, amounting to ₹3,027.26 crore, included a fresh issue of 0.75 crore shares worth ₹300 crore and an offer for sale of 6.78 crore shares worth ₹2,727.26 crore.

Key Strengths of Dr Agarwal’s Healthcare:

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  • India’s largest eye care services provider with a trusted brand reputation.
  • Comprehensive end-to-end eye care services.
  • Scalable, asset-light, hub-and-spoke operational model.
  • Proven clinical excellence, backed by an experienced clinical board and history of surgical innovations.
  • Doctor-led promoters with a team of qualified medical professionals and experienced management.
  • Strong history of organic growth, acquisition integration, and operating profitability enhancement.

IPO Details:

  • Price Band: ₹382-₹402 per share
  • Minimum Lot Size:
    • Retail Investors: 35 shares requiring an investment of at least ₹14,070
    • Small Non-Institutional Investors (sNII): 15 lots (525 shares) worth ₹2,11,050
    • Big Non-Institutional Investors (bNII): 72 lots (2,520 shares) totaling ₹10,13,040

Book-Running Lead Managers:
Kotak Mahindra Capital, Morgan Stanley India, Jefferies India, and Motilal Oswal Investment Advisors. KFin Technologies served as the registrar for the issue.