Healthcare provider Dr Agarwal’s Health Care's initial public offer (IPO) entered a second day of bidding on Thursday, January 30. The IPO, estimated to be worth Rs 3,027 crore, is a combination of fresh issuance of Rs 300 crore and an offer for sale (OFS) of Rs 2,727 crore. On the first day, the issue registered a total subscription of 7 per cent, with bids for 38.2 lakh shares as against the 5.35 crore shares on offer, according to provisional exchange data.

Also on the first day of the three-day bidding process, the portions reserved for non-institutional investors and retail investors were subscribed 6 per cent and 11 per cent, respectively, while no bids were received in the qualified institutional buyers (QIBs) category, according to the data.

Here are 5 key things to know about the Dr Agarwal's Health Care IPO: 

Important Dates: The issue opened for subscription on Wednesday and will close on Friday. Bidding will continue to be available between 10 am and 5 pm till Friday.   

Issue Price: Under the IPO, shares are available for bidding between Rs 382 and Rs 402. 

Lot Size: Bids can be placed in lots of 35 equity shares. 

Listing Date: The stock is likely to be listed tentatively on February 5.  

Company Profile: The company offers a wide range of eye-care services, including cataract and refractive surgeries, consultations, diagnoses, non-surgical treatments. It also retails optical products, contact lenses, accessories, and a host of pharmaceutical items.

According to Zee Business Managing Editor Anil Singhvi, only high-risk investors should consider subscribing to the issue.

He has identified the following key points about the market-bound company:

Prior to the launch of the IPO, the healthcare company garnered Rs 875.5 crore from anchor investors.