Avoid Aster DM Healthcare : SSJ Finanace

Aster DM Healthcare IPO opens today

Aster DM Healthcare IPO opens today

New Delhi, Feb 12 The initial public offer of Aster DM Health was subscribed 26 per cent on the first day of its public issue today, according to merchant bankers. We look at five things to know about the IPO and the company.

The initial public offer (IPO) comprises fresh issue of equity shares worth up to Rs 725 crore and an offer for sale of up to 1,34,28,251 scrips by the company's promoter Union Investments. It allocated shares to anchor investors at the upper end of IPO price band of Rs 190 per share.

The price band for the offer is set at Rs 180-190 per share.

Kotak Mahindra Capital Company, Axis Capital and Goldman Sachs (India) Securities are the global co-ordinators and book running lead managers to the offer and ICICI Securities, JM Financial & YES Securities (India) are the book running lead managers.

Aster operates in India, the Philippines, Jordan and all the GCC (Gulf Cooperation Council) states comprising the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain. The company operates in multiple segments of the healthcare services industry, including hospitals, clinics and retail pharmacies.

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).