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Aster DM Healthcare IPO is a book built issue of Rs 980.14 crores. The issue comprises of fresh issue of Rs 725.00 crore and offer for sale of 1.34 crore shares.
Aster DM Healthcare IPO bidding started from February 12, 2018 and ended on February 15, 2018. The allotment for Aster DM Healthcare IPO was finalized on Thursday, February 22, 2018. The shares got listed on BSE, NSE on February 26, 2018.
Aster DM Healthcare IPO price band is set at ₹180 to ₹190 per share. The minimum lot size for an application is 78 Shares. The minimum amount of investment required by retail investors is ₹14,820.
Axis Bank Limited, Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited and Yes Securities (India) Limited are the book running lead managers of the Aster DM Healthcare IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Aster DM Healthcare IPO RHP for detailed information.
| IPO Date | February 12, 2018 to February 15, 2018 |
| Listing Date | February 26, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹180 to ₹190 per share |
| Lot Size | 78 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹980.14 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹725.00 Cr) |
| Offer for Sale | 13,428,251 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 467,069,451 |
| Share holding post issue | 505,227,345 |
Aster DM Healthcare IPO offers 36,110,302 shares. 10,317,229 (28.57%) to QIB, 7,737,922 (21.43%) to NII, 18,055,151 (50.00%) to RII. 231,476 RIIs will receive minimum 78 shares and (sNII) and (bNII) will receive minimum 1,092 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 10,317,229 (28.57%) | NA |
| NII (HNI) Shares Offered | 7,737,922 (21.43%) | |
| Retail Shares Offered | 18,055,151 (50.00%) | 231,476 |
| Total Shares Offered | 36,110,302 (100%) |
Aster DM Healthcare IPO opens on February 12, 2018, and closes on February 15, 2018.
| IPO Open Date | Monday, February 12, 2018 |
| IPO Close Date | Thursday, February 15, 2018 |
| Basis of Allotment | Thursday, February 22, 2018 |
| Initiation of Refunds | Thursday, February 22, 2018 |
| Credit of Shares to Demat | Friday, February 23, 2018 |
| Listing Date | Monday, February 26, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 15, 2018 |
Investors can bid for a minimum of 78 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 78 | ₹14,820 |
| Retail (Max) | 13 | 1014 | ₹192,660 |
| Lot Size Calculator | |||
Incorporated in 1987, Aster DM Healthcare Ltd is Kochi, Kerala based healthcare service provider with operations in GCC states (United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain), India and the Philippines. Company’s Indian operations are headquartered in Kochi, Kerala.
Aster DM Healthcare operates in multiple segments of the healthcare industry including hospitals, clinics and retail pharmacies. Company operates hospitals and clinics, pharmacies, diagnostic centers, educational institutions, and healthcare management and healthcare support systems. Company provides healthcare services to patients across economic segments under brand names including "Aster", "Medcare" and "Access".
Aster's healthcare facilities consist of 9 hospitals, 90 clinics and 206 retail pharmacies in the GCC states, 10 multi-specialty hospitals and 7 clinics in India, and 1 clinic in the Philippines as of September 30, 2017. Aster's had 17,408 employees as of September 30, 2017, including 1,417 full time doctors, 5,797 nurses, 1,752 paramedics and 8,442 other employees (including pharmacists).
Aster's hospitals in India are located in Kochi, Kolhapur, Kozhikode, Kottakkal, Bengaluru, Vijayawada, Guntur, Wayanad and Hyderabad and are generally operated under the Aster, MIMS, Ramesh and Prime brands.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 (Proforma) | ||||
| Total Assets | 68,072.77 | 57,557.82 | 44,120.27 | |||
| Total Revenue | 59,679.02 | 52,751.63 | 38,990.49 | |||
| Profit After Tax | 2,667.47 | 82.11 | 2,721.07 | |||
The Offer comprises the Fresh Issue and the Offer for Sale.
Company will not receive any proceeds from the Offer for Sale.
Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
1. Repayment and/or pre-payment of debt;
2. Purchase of medical equipment; and
3. General corporate purposes.
[Dilip Davda] As healthcare sector is poised for better prospects considering announcements in the recent finance budget, one may consider moderate investment for long term in this fully priced offer. Read detail review...
The Aster DM Healthcare IPO is subscribed 1.31 times on February 15, 2018 5:00:00 PM. The public issue subscribed 1.18 times in the retail category, 2.10 times in the QIB category, and 0.55 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.10 |
| NII | 0.55 |
| Retail | 1.18 |
| Total | 1.31 |
| Listing Date | February 26, 2018 |
| BSE Script Code | 540975 |
| NSE Symbol | ASTERDM |
| ISIN | INE914M01019 |
| Final Issue Price | ₹190 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹190.00 |
| ₹182.10 |
| ₹176.45 |
| ₹187.80 |
| ₹179.85 |
| NSE |
|---|
| ₹190.00 |
| ₹183.00 |
| ₹176.30 |
| ₹188.00 |
| ₹181.55 |
Aster DM Healthcare Ltd
IX/475L, Aster Medcity, Kuttisahib Road,
near Kothad Bridge, South Chittoor P.O.,
Cheranalloor , Kochi - 682 027, Ernakulam
Phone: + 91 484 6699 228
Email: investors@ aster dmhealthcare.com
Website: http://www.asterdmhealthcare.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: adhl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager Reports
Aster DM Healthcare IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹980.14 Crores. The issue is priced at ₹180 to ₹190 per share. The minimum order quantity is 78 Shares.
The IPO opens on February 12, 2018, and closes on February 15, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Aster DM Healthcare IPO opens on February 12, 2018 and closes on February 15, 2018.
Aster DM Healthcare IPO lot size is 78 Shares, and the minimum amount required is ₹14,820.
You can apply in Aster DM Healthcare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Aster DM Healthcare IPO will be done on Thursday, February 22, 2018, and the allotted shares will be credited to your demat account by Friday, February 23, 2018. Check the Aster DM Healthcare IPO allotment status.
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