Dr Agarwal Healthcare IPO GMP, Price Band, Issue Date: Dr. Agarwals Healthcare’s IPO opens for subscription today, January 29, and will close on January 31, with a price band set between Rs 382 to Rs 402 per share.
Here’s the breakdown of the key details of this mainboard issue:
Dr. Agarwals Healthcare IPO: GMP
Ahead of the opening of the issue, the shares of Dr. Agarwals Healthcare IPO in the grey market are trading at a premium of Rs 12. This, as of now, indicates a listing price of Rs 414 per share which is 2.99% higher of the issue upper price band of Rs 402 per share.
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However, it is important to note that this is not the actual listing price and may fluctuate based on the market sentiment.
Dr. Agarwals Healthcare IPO: IPO structure and size
The company’s total issue size stands at Rs 3,027.26 crores, comprising both fresh shares and an offer for sale (OFS). As part of the fresh issue, the company will release 0.75 crore new shares, raising Rs 300 crores. Meanwhile, a significant portion of the offering – 6.78 crore shares worth Rs 2,727.26 crores – will be offloaded by existing shareholders through the OFS route.
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The company’s share price is set between Rs 382 and Rs 402 per share. Retail investors can apply for a minimum of 35 shares, requiring an investment of Rs 14,070.
For small non-institutional investors (sNII), the minimum application is 15 lots (525 shares), amounting to Rs 2,11,050.
For large non-institutional investors (bNII), 72 lots (2,520 shares) are required, totaling Rs10,13,040.
Dr. Agarwals Healthcare IPO: Allotment and listing
The company’s IPO will be open for subscription from January 29 to January 31.
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