Institutional Investors Show Confidence in Dr Agarwal's Health Care IPO

The institutional segment of the Rs 3,027-crore initial public offering (IPO) by Chennai-based Dr Agarwal's Health Care was fully subscribed by the second day, indicating strong investor confidence. This early subscription is notable as institutional and high net-worth individuals typically wait until the final day to invest.

On the third day, the overall subscription rate reached 42%, with the retail portion at 23% and the HNI segment at 12%. Prior to the IPO, the company secured Rs 875.5 crore from a diverse group of anchor investors, including prominent global and domestic financial institutions.

Global and Domestic Institutions Among Anchor Investors

Investors in the anchor portion included the Government of Singapore, Monetary Authority of Singapore, Government Pension Fund Global, and several others, highlighting the international appeal of the IPO. The shares were priced at Rs 402 each, attracting a wide range of investors.

Dr Agarwal's Health Care: A Growing Network

With 193 facilities across India and 16 in nine African countries, Dr Agarwal's Health Care has shown consistent growth. The IPO, priced between Rs 392-402 per share, is set to close on January 31, offering a potentially lucrative investment opportunity according to SBI Cap Securities.