DR. Agarwal’s Health Care IPO — Should You Subscribe? Read Anand Rathi's Analysis

The Rs 3,027.26 crore IPO comprises of the fresh issue worth Rs 300 crore, while the offer for sale is worth Rs 2,727.26 crore. The minimum order lot for bidding is 35..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Dr. Agarwal's Health Care Ltd. will launch its initial public offering on January 29 and the offer closes for subscription on Jan. 31. Chennai-based eye care provider has fixed the price band in the range of Rs 382-402 per share. The Rs 3,027.26 crore Ipo comprises of the fresh issue worth Rs 300 crore, while the offer for sale is worth Rs 2,727.26 crore.The minimum order lot for bidding is 35. .Objects of the Issue Repayment/prepayment, in part or full of certain of borrowings.General corporate purposes and unidentified inorganic acquisition..Valuation & Outlook Dr. Agarwal's Health Care is the leading eye care service chain in India by operational revenue for the Financial Year 2024, generating approximately 1.7 times the revenue of the country's second-largest eye care service provider during the same period. The company addresses all ophthalmic needs with services such as cataract and refractive surgeries, consultations, diagnostics, non-surgical treatments, and optical and pharmaceutical products. They have plans to expand their presence across India by establishing new facilities, aiming to extend its geographic reach and serve more patient along with continue investing in strengthening its brand image, expanding its market presence, and increasing visibility. At the upper band the company is valued at 134x its FY24 EPS. Following the issuance of equity shares, the company's market capitalization stands at Rs 12,700 crore, with a market cap-to-sales ratio of 9.5 based on its FY24 earnings. The company has around 25% of its market share in its business of eye care-related services. We believe that the issue is richly priced and recommend “Subscribe – Long Term” rating to the IPO..Click on the attachment to read the full report:.Dr Agarwal's Health Care IPO To Go Live On Jan. 29: What GMP Trends Suggest Ahead Of Launch.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

DR. Agarwal’s Health Care IPO — Should You Subscribe? Read Anand Rathi's Analysis

The Rs 3,027.26 crore Ipo will open for subscription on January 29, and the price band is fixed in the range of Rs 382-402 per share.

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