Dr Agarwal’s Well being Care IPO, which opened on Wednesday, January 29, continued to witness a lukewarm response from buyers on Day 2 of bidding. As of three pm, the problem was subscribed solely 0.39 instances.
Certified Institutional Patrons (QIBs) have bid for 1.38 crore shares out of the 1.45 crore shares on provide, ensuing to a subscription of 0.95 instances. Non-Institutional Traders (NIIs) confirmed minimal curiosity, bidding for simply 11.13 lakh shares of the 1.08 crore shares accessible, accounting for a 0.10 subscription fee. Retail Particular person Traders (RIIs) have bid for 55.07 lakh shares out of the two.54 crore shares provided thus far, leading to a 0.22 subscription fee.
The Rs 3,025 crore IPO is priced between Rs 382 and Rs 402 per share and can stay open for bidding till January 31. Traders can bid for at least 35 shares.
Dr Agarwal’s Well being Care IPO: Day 1 subscription
On Day 1, the IPO noticed a subscription of seven per cent, with bids for 38,08,980 shares acquired in opposition to 5,35,26,172 shares on provide, in line with NSE knowledge. The Retail Particular person Traders (RIIs) phase was subscribed 11 per cent, whereas the Non-Institutional Traders (NIIs) class noticed a 6 per cent subscription.
Dr Agarwal’s Healthcare IPO: Allotment and itemizing dates
The allotment for the IPO is scheduled for Monday, February 3. Refunds might be processed on Tuesday, February 4, with shares credited to buyers’ Demat accounts on the identical day. The corporate’s shares are anticipated to be listed on the inventory exchanges on Wednesday, February 5.
Dr Agarwal’s Healthcare IPO: Allocation particulars
The IPO has allotted 50 per cent of the problem dimension for certified institutional consumers, 35 per cent for non-institutional buyers, and 15 per cent for retail buyers. A subscription element can also be accessible for eligible staff.
Must you apply for Dr. Agarwal’s Well being Care IPO? This is what market professional Anil Singhvi has to say
Zee Enterprise Managing Editor Anil Singhvi advises that solely high-risk buyers ought to think about subscribing to Dr. Agarwal’s Well being Care IPO. He highlights the next key factors in regards to the firm:
Positives:
– The promoters are skilled {and professional}.
– The corporate holds a robust model and a management place available in the market.
– It operates on an asset-light enterprise mannequin.
– The corporate has reputed anchor buyers backing it.
Negatives:
– The enterprise has low entry boundaries.
– The phase faces intense competitors.
– Regardless of being established, the corporate’s enterprise progress has solely accelerated not too long ago.
– The contemporary subject portion is comparatively small in comparison with the Supply for Sale (OFS).
– The corporate’s valuation seems costly when in comparison with business friends.
