Dr. Agarwal's Health Care IPO

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Company Details

Dr. Agarwal's Health Care Ltd provides a comprehensive range of eye care services, including cataract, refractive and other surgeries; consultations, diagnoses and non-surgical treatments; and sell opticals, contact lenses and accessories, and eye care related pharmaceutical products.

According to the CRISIL MI&A Report, they had a market share of approximately 25% of the total eye care service chain market in India during the Financial Year 2024 (see “Industry Overview – Assessment of competitive environment of key players in India – Key Observations” on page 201). With long-standing operational history, they endeavtheir to address all the needs of their patients in their eye treatment journey through a network, which as of September 30, 2024, comprised 209 Facilities.

According to the CRISIL MI&A Report, among their compared listed and unlisted peers, they had the highest number of eye care service facilities in India, as of September 30, 2024. 737 doctors served their patients across their Facilities as of September 30, 2024, and during the Financial Year 2024, they served 2.13 million patients and performed 220,523 surgeries. They served 1.15 million patients and performed 140,787 surgeries during the six months ended September 30, 2024. They categorize their Facilities as Primary Facilities (which are non-surgical eye care facilities); Secondary Facilities (which are surgical Facilities); and Tertiary Facilities (which are super-specialty surgical Facilities and include three centres of excellence (“COEs”)), depending upon the nature of services provided. Their business operations are structured as a “hub and spoke” model, which enables us to build a scalable and accessible platform for the continued growth of their business. As of September 30, 2024, their network in India includes 28 “hubs” (which are Tertiary Facilities, including three COEs) and 165 “spokes” (comprising 53 Primary Facilities and 112 Secondary Facilities). Their Primary Facilities provide initial eye care diagnosis and clinical investigation services.

The Secondary Facilities at their spokes provide select services including cataract surgeries and clinical investigations while their Tertiary Facilities have super-specialty surgical capabilities including retinal, corneal, and refractive surgeries. Their COEs, in addition to being Tertiary Facilities, also offer academic programs in ophthalmology and provide continuous training for their doctors, optometrists, and counsellors, among others. Their integrated hub and spoke model enables deeper geographic penetration, allowing greater accessibility to patients while driving efficiency of critical resources across the network.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Price: 80 - 84 | IPO Lot Size: 1600 | IPO Issue Size: NA
Open Date: 02 Sep 2025 | Close Date: 04 Sep 2025

Dr. Agarwal's Health Care IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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