Dr Agarwals Healthcare, a company engaged in the business of eye care, opened its subscription window on January 29 and is set close on January 31, with an IPO price band set between Rs 382 to Rs 402 per share. Let’s take a look at the subscription status of this mainboard issue so far on Day 2, GMP and other key details.
Dr Agarwals Healthcare IPO: Subscription status
Dr Agarwals Healthcare IPO, which opened for bidding on January 29, has seen 0.39 times overall subscription as of 2:33 PM on Day 2. The QIB category has led the demand with 0.95 times subscription, while the NII segment lags at 0.10 times. The retail portion stands at 0.21 times, while the employee and reservation categories have seen 0.16 times and 0.23 times subscription, respectively so far .
Dr Agarwals Healthcare IPO: GMP
The GMP for Dr Agarwals Healthcare IPO stands at Rs 3 on Day 2, suggesting a listing price of Rs 405 per share. This indicates to a 0.75% premium over the upper price band of Rs 402, in the unlisted market.
Dr Agarwals Healthcare IPO: Key highlights
The public issue aims to raise Rs 3,027.26 crore, comprising a fresh issue of Rs 300 crore and an OFS of Rs 2,727.26 crore, where existing shareholders are divesting 6.78 crore shares.
After the bidding process, the allotment is expected on February 3, and a tentative listing on February 5, on the BSE and NSE.
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