Dr. Agarwal's Healthcare IPO: Lukewarm Response Sparks Investor Caution

The Dr. Agarwal's Healthcare IPO has witnessed a tepid initial response, with the issue booked at just 7% on its first day of subscription. The ₹3,027.26 crore public offering, priced between ₹390-410 per share, is open from January 29-31, 2025. The Grey Market Premium (GMP) indicates a modest market sentiment, currently trading at ₹20-25 per share. Retail investors showed slightly better engagement at 11% subscription, while Non-Institutional Investors (NIIs) registered only 6% participation. Qualified Institutional Buyers (QIBs) remained particularly subdued.

Key Details:

Issue Size: ₹3,027.26 crore

Price Band: ₹390-410 per share

Subscription: 7% on Day 1

GMP: ₹20-25 per share

Source: Economic Times