Dr. Agarwal’s Health Care IPO will open on January 29
New Delhi New Delhi: Temasek Holdings and TPG-backed Dr. Agarwal’s Healthcare, an eye care services provider, on Friday said it has fixed a price band of Rs 382 to Rs 402 per share for its over Rs 3,027-crore initial public offering (IPO). The firm’s maiden public issue will be open for subscription from January 29 to January 31. The company announced that bidding for anchor investors will open for a single day on January 28. The IPO is a combination of a fresh issue of up to Rs 300 crore and an offer for sale (OFS) of up to 6.78 crore equity shares aggregating to Rs 2,727.26 crore at the upper end of the price band by promoters and other selling shareholders. This would have taken the total issue size to Rs 3,027.26 crore. Ltd, and Hyperion Investments Pvt Ltd. Rs 195 crore raised from the fresh issue will be used to repay debt and in addition, a portion will be used for general corporate purposes and undisclosed inorganic acquisitions.
