New Delhi, Jan. 29 -- Dr. Agarwal's Health Care, India's largest eye care chain by revenue and network size, is going public with plans to raise Rs.3,027 crore. This issue will open for subscription on Wednesday and close on Friday.

The company, led by Dr. Amar Agarwal, a renowned ophthalmologist with over 35 years of experience, is well-positioned to capitalize on the expanding healthcare sector. However, its lofty valuations compared to rivals and its declining ability to service its debt could hinder future expansion plans.

The company's first foray into the stock market was in 1995, when it listed its subsidiary, Dr. Agarwal's Eye Hospital, on the BSE to fuel expansion in Tamil Nadu. In 2010, the holding company, Dr. Agarwal's Healt...