ASG Eye Care to Raise ₹3,000-₹4,000 Crore Through IPO

ASG Eye, India's largest eye care hospital chain, is planning an IPO worth ₹3,000-₹4,000 crore in FY27. The company, backed by PE funds General Atlantic and Kedaara Capital, has appointed Morgan Stanley, Axis Capital, HSBC, and Nomura as lead bankers. Founded in 2007, ASG operates 180 clinics across 90 cities in 24 states, with a geographically diversified revenue base. The IPO plans come against the backdrop of strong public market appetite for the sector, highlighted by Dr Agarwal's Health Care Limited's successful IPO in January 2025.