3,027. The price band of Rs 26 crore IPO is Rs 382 to Rs 402 per share.
The IPO of Dr. Agrawal’s Health Care is opening from 29 January (Wednesday). The company has raised more than Rs 875. 5 crore from anchor investors i.e. big investors before its IPO. Among the anchor investors who have collected funds from the Temasic Holdings and TPG -backed eye service providers on Tuesday, Singapore Government, Singapore Monetary Authority, Goldman Sachs, Morgan Stanley, Government Pension Fund Global (Norway), Fidality, Nomura, Invasco Mutual Fund ( MF), Motilal Oswal MF, Canara Robco MF and Tata MF anchor are among the investors. According to PTI news, this information is available in a circular uploaded on the BSE website.
Price band Rs 382 to Rs 402 per share
According to the news, the company has allotted 43 funds at Rs 402 per share at Rs 2. 17 crore equity shares. This is also the upper end of the price band. Thus the size of the transaction becomes 875. 50 crores. Out of a total of 2. 17 crore equity shares allotted anchor investors, 52. 61 lakh shares were allotted to 61 lakh domestic mutual funds, which have applied through their total 11 schemes. 3,027. A public output of Rs 26 crore, whose price band is Rs 382 to Rs 402 per share, will be open for membership from 29 January to 31 January.
Membership for eligible employees also included
IPOs up to Rs 300 crore and 2,727 at the upper end of the price band by promoters and other sales shareholders. There is a combination of 6. 78 crore equity shares worth Rs 26 crore (OFS). This proposal also includes membership for eligible employees. OFS include shares sellers include Arvon Investments PTE Limited, Clemore Investments (Mauritius) PTE Limited and Hyperian Investments PTE Limited.
Reserve for 15 percent retail investors
The amount of Rs 195 crore received from the new issue will be used to pay loans, and in addition, a portion will be used for general corporate purposes and unknown inorganic acquisitions. Half of the output size is reserved for qualified institutional buyers, 35 percent for non-institutional investors and the remaining 15 percent for retail investors. Kotak Mahindra Capital Company, Morgan Stanley India Company, Jeffers India and Motilal Oswal Investment Advisors are the book-hanging lead managers of this issue.
How much is GMP
Dr. Aggarwal IPO GMP was +13 on 28 January. According to Investorgen.com, it shows that Dr. Aggarwal was trading at a premium of ₹ 13 in the gray market. Dr. Agrawals Health Care IPO GMP created a highest level of ₹ 55 on 25 January.
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