IPO Details Open Date : 29th Jan 2025 Close Date : 31st Jan 2025 Price Band: ₹382 to ₹402 per share Issue Size: ₹3,027.26 Cr
Company Overview – Eye care business – Parent company of listed Dr Agarwal’s Eye Hospital Ltd. – Geographical Presence: India & Africa – Revenue Breakup: Sale of Services ~ 76% ; Sale of Products ~ 24%
Red Flags – Post IPO PE is 160.48 - overvalued – PAT Margin reduced from 10% in FY23 to 6.9% in FY24 – 90% issue is Offer for Sale at high valuation – looks more of an exit strategy
Green Flags – 25% Market share in the eye care-related business – Low debt levels with high interest-paying capacity – YoY Revenue Growth of 30.86% in FY24.