ASG Eye Hospital is planning to raise USD 500-600 million through an IPO, valuing the company at USD 3.4 billion, with approximately 15% equity dilution. Backed by General Atlantic, ASG aims to expand with a capital expenditure of Rs 2,000 crore by 2030, growing to 500-700 centers.

ASG Eye Hospital Eyes USD 600 Million IPO Amid Expansion

ASG Eye Hospital Prepares for IPO, Aims to Raise $500-600 Million

ASG Eye Hospital, backed by private equity giant General Atlantic, is on track to enter the capital markets through an initial public offering (IPO) projected to raise USD 500-600 million.

This amount, worth approximately Rs 3,900 crore, comes as part of the hospital's expansion plans, which are fueled by the increasing demands in India's eye-care sector.

ASG Eye Hospital has engaged several investment banks, including:

Axis Capital
Morgan Stanley
Nomura
Motilal Oswal
HSBC

The hospital is expecting a company valuation of approximately USD 3.4 billion, resulting in roughly 15% equity dilution.

ASG Eye Hospital plans to invest Rs 2,000 crore in capital expenditure by 2030, aiming to establish 500 to 700 centers through organic growth and acquisitions.

The expansion also involves the strategic acquisition of regional players like Sharp Sight to strengthen market presence.

This move is expected to capitalize on the growing demand for eye care services in India, a trend that is likely to continue in the coming years.