New Delhi, February 4 (HS): Shares of Dr. Agarwal's Health Care Limited (DAHCL) made a flat debut on the stock exchange on Tuesday. DAHCL company's share was listed on the National Stock Exchange (NSE) at an issue price of Rs 402. At the same time, the share was listed on the Bombay Stock Exchange (BSE) at Rs 396.90, 1.27 percent below the issue price.

The value of Dr. Agarwal's Health Care Limited's IPO is Rs 302.7.26 crore. The company's IPO was open for subscription from January 29 to 31. The price band of the IPO was fixed at Rs 382-402 per share. The IPO was subscribed a total of 1.49 times in three trading days. The IPO received bids for 7.98 crore shares against the offer of 5.35 crore shares. The company's issue was worth a total of Rs 3,027.26 crore. For this, the company's existing investors sold 6,78,42,284 shares worth Rs 2,727.26 crore through Offer for Sale (OFS). At the same time, the company issued 74,62,686 fresh shares worth Rs 300 crore. For this issue, retail investors could bid for a maximum of 490 shares and 35 shares in one lot.

Meaning of IPO

When a company issues its shares to the general public for the first time, it is called an Initial Public Offering (IPO). The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new issues. For this, the company brings IPO.

Dr. Agarwal's Health Care Limited company was established in 2010. It also provides eyecare services like cataract, refractive and other surgeries. This company also sells spectacles, contact lenses and pharma products related to eyecare. During the financial year 2023-24, its share in the total eyecare service chain market in India was about 25 percent.

Hindusthan Samachar / Jun Sarkar