Aster DM Healthcare IPO GMP, Price, Date, Allotment

The Aster DM Healthcare date has been confirmed to have started on February 12, 2018 and ended on February 15, 2018. Read the post to learn about Aster DM Healthcare IPO GMP.

Aster DM Healthcare plans to collect Rs 980.14 crores through an initial public offering. Its price range is ₹180 to ₹190 per share. The minimum lot size for an application is 78 shares. The minimum investment for retail investors is ₹14,820.

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Key Details Of Aster DM Healthcare IPO:

Aster DM Healthcare IPO GMP

The Aster DM Healthcare Limited IPO GMP is ₹395.40.

Aster DM Healthcare IPO Overview​

The Aster DM Healthcare IPO is a book-built investment of Rs 980.14 crore. The transaction involves a new granting of Rs 725.00 crore and an offer to sell 1.34 crore shares. Bidding for the Aster DM Healthcare IPO commenced on February 12, 2018, and ended on February 15, 2018. On Thursday, February 22, 2018, the allotment for the Aster DM Healthcare IPO was finalised. On February 26, 2018, the shares were listed on the BSE and NSE. The pricing range for Aster DM Healthcare’s IPO is 180 to 190 per share.

Aster proceeds hospitals in Kochi, Kolhapur, Kozhikode, Kottakkal, Bengaluru, Vijayawada, Guntur, Wayanad, and Hyderabad under the names Aster, MIMS, Ramesh, and Prime. An application requires a minimum lot size of 78 shares. Retail investors must invest a minimum of ₹14,820.

Aster DM Healthcare IPO Details

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

Aster DM Healthcare Company Financials

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

Aster DM Healthcare IPO Timeline

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

Company Profile​

The firm provides healthcare services to customers from all socioeconomic backgrounds under the brands “Aster,” “Medicare,” and “Access.” As of September 30, 2017, Aster’s healthcare facilities comprised 9 hospitals, 90 clinics, and 206 retail pharmacies across the GCC states, 10 multi-specialty hospitals, 7 in India, and 1 in the Philippines. As of September 30, 2017, Aster’s employed 17,408, including 1,417 full-time doctors, 5,797 nurses, 1,752 paramedics, and 8,442 other professionals (including pharmacists).

IPO Strengths

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

IPO Weakness

• Heavy reliance on customers based in the United States.
• Need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

Aster DM Healthcare IPO FAQs