Dr. Agarwal's Healthcare IPO subscribed 80% so far on Day 3: Check GMP, price band and other details
initial public offering (IPO) of leading eyecare service provider Dr. Agarwal's Healthcare received an overall subscription of 50% on Friday, its final bidding day. The offering includes a significant offer for sale (OFS) component of Rs 2,727 crore out of the total Rs 3,027 crore issue size.
The retail portion, around 11:40 am, was subscribed 29%, while non-institutional investors subscribed 17%. Meanwhile, qualified institutional buyers (QIBs) subscribed 2.44 times the allocated portion.
Dr Agarwal's Healthcare IPO GMP on Day 2
Ahead of its listing, Dr. Agarwal's Healthcare shares were trading at a Grey Market Premium (GMP) of Rs 1-2 in the unlisted market on Friday, indicating a nearly flat premium over the upper end of the IPO price band of Rs 402. The GMP has been declining, down from Rs 12 earlier.
Dr Agarwal's Healthcare IPO price band
Dr. Agarwal's Healthcare IPO is priced between Rs 382 and Rs 402 per share. Investors can place bids for a minimum of one lot and in multiples thereafter, with each lot comprising 35 shares.
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