Dr. Agarwal’s Health Care files DRHP for initial public offering

Dr. Agarwal’s Well being Care has filed a draft crimson herring prospectus with SEBI to boost funds by way of an preliminary public providing.

The IPO includes a mixture of a contemporary situation of ₹300 crore and a suggestion on the market of as much as 6.96 crore fairness shares by the promoter and different promoting shareholders. The proceeds from the contemporary situation will probably be used to repay or prepay sure borrowing, common company borrowings as much as ₹195 crore partially or full, and for unidentified inorganic acquisition.

Temasek Holdings and TPG-backed eye care providers Dr. Agarwal’s Well being Care’s income from operations elevated 31% to ₹1,332 crore in FY24. It posted a internet revenue of ₹95 crore.