Aster DM Healthcare Limited IPO (Aster DM Healthcare IPO) Details

By | February 26, 2018
Aster DM Healthcare Limited IPO, Aster DM Healthcare IPO, Aster DM Healthcare Allotment, Date, Price, Aster DM Healthcare IPO GMP, Grey Market Premium, Listing Date, Review, DRHP, Prospectus, Size, Aster DM Healthcare IPO Subscription, Financials and other details.

Aster DM Healthcare IPO

Aster DM Healthcare Limited has received the market regulator Sebi’s nod for the initial public offering (IPO). The company is planning to come with an IPO in 2018. It is expected that the company would launch its IPO in February 2018. According to the sources, Aster will come up with an IPO from 12th February 2018 to 15th February 2018. The company intends to raise Rs. 1,100 crore from the IPO. Aster DM Healthcare Limited operates as a healthcare company in the Middle East, India, and the Far East. The company is planning to sell 10% of its stake this year. As per the plans, the company will list its shares either in Mumbai or London. In the given area of the website, we have provided the Aster DM Healthcare IPO DRHP and the prospectus. Investors are required to read all info about the Aster DM IPO. The price of the IPO is set between Rs. 180 – Rs. 190 per share.

The IPO of Aster DM Healthcare will consist share sale of 57,685,166 shares including the fresh issue of 21,614,366 shares while the rest of the shares will be offered through an offer for sale (OFS).

IPO Updates:

  1. Aster DM Healthcare debuts at 4% discount to issue price at Rs 183.
  2. IPO subscribed 43% on Day 2.
  3. Aster DM Healthcare IPO receives 25% bids on Day 1.
  4. The company raises Rs. 294 crores from anchor investors.
  5. The name of the anchor investors is SBI MF, Sundaram MF, Karst Peak Asia Master Fund, DB International Asia, Societe Generale, Caisse De Depot Et Placement Du Quebec – First State Investments International and First State Indian Subcontinent Fund.

All the important and relevant information such as Aster DM Healthcare IPO Allotment Status, IPO Subscription details, Financials, Poll, Listing Date etc are given below.

Aster DM Healthcare IPO

About the company: Aster DM Healthcare Limited is one of the largest private healthcare service providers. The company operates in multiple GCC states, India the Philippines. The company was founded in 1987 in Dubai as a single doctor clinic. Dr. Azad Moopen is the founder of the company. The Indian headquarter of the company is based in Kochi, Kerala and its GCC operations headquarter is in Dubai, United Arab Emirates.

The company possesses hospitals and clinics in all GCC states including United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait, and Bahrain, in Jordan. The company has “MIMS”, or Malabar Institute of Medical Sciences Limited, a hospital in Kozhikode which started in 2001.

Currently, the company has 280 operating facilities, including 13 hospitals with a total of 2,537 beds. It has 6 hospitals, 83 clinics and 180 retail pharmacies in the GCC states, 7 multi-specialty hospitals and 3 clinics in India, and one clinic in the Philippines.

The seven hospitals of the company are located in Kochi, Kolhapur, Kozhikode, Kottakkal, Bengaluru, and Hyderabad under the “Aster”, “MIMS” or “Prime” brands. As of March 31, 2016, The company had 12,774 employees, including 1,003 full-time doctors, 4,406 nurses, 1,063 pharmacists, 1,285 paramedics and 5,017 other employees.

Company Promoters: Dr. Azad Moopen And Union Investments Private Limited

Objects of the Issue

The Offer comprises of the Fresh Issue and the Offer for Sale.

Offer for Sale

  • Aster DM Healthcare Limited will not receive any proceeds from the Offer for Sale.

Fresh Issue

  • Purchase of medical equipment.
  • Pre-payment of debt.
  • General corporate purposes.

Aster DM Healthcare IPO Grey Market Price, Rates, GMP Premium

 

DateGMPKostak RateSauda
21 February 2018Rs. -10 (Seller)

Aster DM Healthcare IPO Grey Market Premium

Aster DM Healthcare IPO, Allotment, Date, Price, Grey Market, GMP, Subscription, Listing Date

NameAster DM Healthcare Limited
Open Date12 February 2018
Close Date15 February 2018
Allotment Date22 February 2018
Refund Date
Listing Date
Issue PriceRs. 180 - Rs. 190 Per Equity Share
Lot Size 78 Shares
Minimum Order Quantity 78 Shares
Issue TypeBook Built Issue IPO
Issue Size[.] Equity Shares of Rs 10 aggregating up to Rs 725.00 Crores › Offer for Sale of 13,428,251 Equity Shares of Rs 10 aggregating up to Rs [.] Crores
Lead ManagerEdelweiss Financial Services Limited, ICICI Securities Limited, JM Financial Institutional Securities Limited, SBI Capital Markets Limited
Global Co-OrdinatorsKotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited, Goldman Sachs (India) Securities Private Limited
RegistrarLink Intime India Private Limited
Listing atNSE / BSE
IPO Poll

Would you apply to the Aster DM Healthcare IPO?

  • Yes (72%, 267 Votes)
  • No (28%, 104 Votes)

Total Voters: 371

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Broker Recommendations:

  1. Hem Securities: Avoid
  2. SSJ Finance: Avoid
  3. SPA Securities: Subscribe
  4. SMC Research: Subscribe with high risk

Aster DM Healthcare IPO Price

Aster DM Healthcare Ltd has notified that it has fixed a price of Rs. 180 – Rs. 190 per share for its initial share sale offering, through which it is estimated to raise Rs 1100 crore.

Aster DM Healthcare IPO Date

Aster DM Healthcare, a company engaged in healthcare, is coming out with an IPO. The IPO would open for public subscription on 12 February 2018 and close on 15 February 2018.

Financials

DateTotal RevenueTotal ExpensesProfit after Tax
31 March 2017Rs. 6,275.2Rs. 5,967.9Rs. 266.7
31 March 2016Rs. 5,275.2Rs. 5,236.7Rs. 8.2
31 March 2015Rs. 3,899.0Rs. 3,592.9Rs. 272.1
31 March 2014Rs. 2,889.6Rs. 2,579.3Rs. 177.8
31 March 2013Rs. 1,938.8Rs. 1,787.9Rs. 91.8
**(All Figures in Rs. Crores)
Valuations

  • Earnings Per Share (EPS): Rs. 4.28
  • Price/Earnings (P/E) ratio: Rs. 42.05 – 44.39
  • Return on Net Worth (RONW): 10.59%
  • Net Asset Value (NAV): Rs. 40.5 per share

Aster DM Healthcare IPO Subscription Details

CategorySHARES OFFERED12 Feb 201814 Feb 201815 Feb 2018
RII187971100.150.471.18
NII80559050.160.230.55
QIB105174000.500.502.10
Total373704150.250.431.31

Lead Managers

Aster has chosen Edelweiss Financial Services Limited, ICICI Securities Limited, JM Financial Institutional Securities Limited, SBI Capital Markets Limited as lead managers of the issue.

Kotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited, Goldman Sachs (India) Securities Private Limited are the Global Co-Ordinators.

Registrar

Link Intime India Private Limited is the registrar to the IPO.

Link Intime India Private Limited

  • Telephone: +91 22 6171 5400
  • Fax: +91 22 2596 0329
  • Email: [email protected]
  • Website: www.linkintime.co.in

Aster DM Healthcare IPO Allotment

The allotment of Aster DM Healthcare will be announced after the subscription ends. The allotment will be declared online through the Link Intime’s website. The shares will be credited to the demat account a day after the allotment. Allotment link of Aster DM IPO will be given here.

IPO Listing Date

Listing will be done on 26th February 2018. Aster DM Healthcare Listing date will be updated shortly.

Listing Day Figures (26th February 2018)

 BSE (540975)NSE (ASTERDM)
IPO PriceRs. 190Rs. 190
OpenRs. 182.10Rs. 183
HighRs. 187.80Rs. 188
LowRs. 176.45Rs. 176.30
CloseRs. 179.85Rs. 181.55
DiffrenceDown Rs. -10.15 (-5.34%)Down Rs. -8.45 (-4.45%)

Aster DM Healthcare Ltd Address

Registered Office and Corporate Office: IX/475L, Aster Medcity, Kuttisahib Road, Near Kothad Bridge,
South Chittoor P.O., Cheranalloor,
Kochi – 682 027, Ernakulam, Kerala, India

Telephone: +91 484 6699 228
Fax: +91 484 6699 234
E-mail: [email protected]
Website: www.asterdmhealthcare.com

IPO DRHP / Prospectus

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