Ipo of Dr. Agrawals Health Care will be open from today: Investors will be able to bidding by 31 January, minimum investment will have to be made Rs 14,070

Dr. Agrawals Health Care Limited’s Initial Public Offer i.e. IPO will open from today (29 January). Investors will be able to do bidding for this issue by 31 January. The company shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 5 February.

Through this issue, the company wants to raise the total ₹ 3,027.26 crore. For this, the company will issue 74,62,686 fresh share of ₹ 300 crore. At the same time, the company’s current investors of the company are selling 6,78,42,284 shares worth ₹ 2,727.26 crore through the offer for sale.

If you are also planning to invest money in it, then we are telling you how much you can invest in it.

How much money can you spend minimum and maximum?

Dr. Agrawals Health Care Limited has fixed the price band of the IPO ₹ 382-402. Retail investors can do bidding for minimum for a lot ie 35 shares. If you apply for 1 lot of IPO’s Upper Prize Band ₹ 402, then you have to invest ₹ 14,070.

At the same time, retail investors can apply for maximum 14 lots i.e. 490 shares. For this, investors will have to invest ₹ 1,96,980 according to the upper prize band.

35% of the issue reserved for retail investors

The company has reserved 50% of the IPO for qualified Institutional Buyers (QIB). Apart from this, 35% share is reserved for non-institutional investors (NII).

Dr. Agrawals Health Care Limited was established in 2010

Dr. Agrawal’s Health Care Limited, established in 2010, offers iCare services such as cataract, refractor and other surgery. Apart from this, it also sells glasses, contact lenses and pharma products related to iCare. During the financial year 2024, its share in the total iCare service chain market in India was around 25%.

What is IPO?

When a company releases its shares for the common people for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to increase business. In such a situation, instead of taking loans from the market, the company raises money by selling some shares to public or issuing new share. For this, the company brings IPO.