India’s fast‑growing eye‑care chain ASG Hospital Pvt. is preparing an IPO filing as early as this month, sources say. Backed by private‑equity firm General Atlantic, the company aims to raise up to $500 million. The listing would add a specialist health provider to a market that has seen limited pure‑play ophthalmology offerings. The move follows a year of double‑digit revenue growth.

Investors have been eyeing India’s healthcare sector, where rising disposable incomes and an aging population drive demand for specialised services. ASG Hospital operates a network of clinics focused on cataract surgery, retinal care and vision correction, positioning it to capture a share of an expanding outpatient market. A $500 million capital raise could fund new centre openings and technology upgrades. The funding would support surgeon training.

The IPO could also provide General Atlantic with a clear exit route, converting its private‑equity stake into public equity while testing market appetite for niche health operators. Regulators have recently eased listing requirements for smaller cap firms, making the timing attractive. Should the offering price meet expectations, ASG Hospital would emerge as one of the few listed eye‑care specialists in India. Analysts see $1.2 billion valuation.