Dr Agarwal's Health Care IPO Day 2: Issue subscribed 42% so far
Zee Business Managing Editor Anil Singhvi advises that only high-risk investors should consider subscribing to Dr. Agarwal’s Health Care IPO.
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The initial public offering (IPO) of Dr Agarwal's Health Care subscribed 42 per cent on second day of bidding process on Thursday, January 30, 2025. The public issue received a bid for 2,25,71,920 shares against 5,35,26,172 shares.
The Qualified Institutional Buyers (QIBs) received 1.01 times subscription, while Retail Individual Investors (RIIs) subscribed 23 per cent. Meanwhile, the non-institutional investors portion subscribed 12 per cent subscription.
Dr Agarwal's Health Care IPO: Day 1 subscription
On Day 1, the IPO saw a subscription of 7 per cent, with bids for 38,08,980 shares against 5,35,26,172 shares on offer. RIIs segment was subscribed 11 per cent, while NIIs category saw a 6 per cent subscription.
Dr Agarwal's Healthcare IPO: Allotment and listing dates
The allotment for the IPO is scheduled for Monday, February 3. Refunds will be processed on Tuesday, February 4, with shares credited to investors' Demat accounts on the same day. The company's shares are expected to be listed on the stock exchanges on Wednesday, February 5.
Dr Agarwal's Healthcare IPO: Allocation details
The IPO has allocated 50 per cent of the issue size for qualified institutional buyers, 35 per cent for non-institutional investors, and 15 per cent for retail investors. A subscription component is also available for eligible employees.
Should you apply for Dr. Agarwal's Health Care IPO? Here's what market expert Anil Singhvi has to say
Zee Business Managing Editor Anil Singhvi has recommended that only high-risk investors should consider subscribing to Dr Agarwal’s Health Care IPO. He also highlighted the following key points about the company:
Positives:
- The promoters are experienced and professional
- The company holds a strong brand and a leadership position in the market
- It operates on an asset-light business model
- The company has reputed anchor investors backing it
Negatives:
- The business has low entry barriers
- The segment faces intense competition
- Despite being established, the company’s business growth has only accelerated recently
- The fresh issue portion is relatively small compared to the Offer for Sale (OFS)
- The company’s valuation appears expensive when compared to industry peers
(With inputs from agency)
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09:09 PM IST