Dr. Agarwal Health Care Files for IPO

30 Sep 2024 , 03:07 PM

Temasek Holdings and TPG-supported eye care services Dr. Agarwal Health Care has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to acquire funds through an initial public offering.

The IPO, with a face value of Rs 1 per equity share, consists of a fresh issue of up to Rs 300 crore and an offer for sale of up to 69,568,204 equity shares by the promoter and other selling shareholders.

The deal also includes a subscription reservation for qualified employees.

The firm, in agreement with the book-running lead managers, may consider a pre-IPO placement of specified securities not exceeding 20% of the size of the new issue. If such a placement is accomplished, the new issue size will be lowered.

The offer is being made through the book-building process, with no more than 50% of the net offer available for proportionate allocation to qualified institutional buyers, no less than 15% available for allocation to non-institutional bidders, and no less than 35% available for allocation to retail individual bidders.

For feedback and suggestions, write to us at [e-mail]