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Dr Agarwal's Health Care Files Draft Papers With Sebi To Raise Funds Via IPO The IPO is a combination of a fresh issue of up to Rs 300 crore and an Offer For Sale, (OFS) of up to 6.95 crore equity shares by promoters and other selling shareholders. The offer also includes a subscription for eligible employees, according to the draft red herring prospectus (DRHP).