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Aster DM Healthcare Ltd IPO (Aster DM Healthcare IPO) Detail

February 12, 2018 - February 15, 2018

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.

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 Sale13,428,251 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Aster DM Healthcare IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered10,317,229 (28.57%)NA
NII (HNI) Shares Offered7,737,922 (21.43%)
Retail Shares Offered18,055,151 (50.00%)231,476
Total Shares Offered36,110,302 (100%)

Aster DM Healthcare IPO Timeline (Tentative Schedule)

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

Aster DM Healthcare IPO Lot Size

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

About Aster DM Healthcare Ltd

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.

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue (Aster DM Healthcare IPO Objectives)

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.

Aster DM Healthcare IPO Review (May apply)

[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...

Aster DM Healthcare IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Aster DM Healthcare IPO Prospectus

Aster DM Healthcare IPO Rating

Rating:Rated 3.8 stars
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Aster DM Healthcare IPO Listing Details

Listing Date February 26, 2018
BSE Script Code 540975
ISIN INE914M01019
Final Issue Price ₹190 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Aster DM Healthcare Ltd Contact Details

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

Aster DM Healthcare IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Aster DM Healthcare IPO FAQs

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.

The Aster DM Healthcare IPO listing date is on February 26, 2018.
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Aster DM Healthcare IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



336. PT RAJ |   Link |  Bookmark |April 4, 2018 1:01:03 AM
Got the message as let it to be sell all the shares to protect a huge loss .
335. PT RAJ |   Link |  Bookmark |April 3, 2018 8:37:30 AM
Would it be go up or regular go down as usual ?.
334. Vadher meera |   Link |  Bookmark |March 13, 2018 10:27:37 PM
Aster hold or sell
334.2. PT RAJ |   Link |  Bookmark |March 22, 2018 8:40:11 AM
What to do ??
334.3. rvr |   Link |  Bookmark |March 24, 2018 10:10:18 AM
always watch any stock coming from top holds 136 to 145 level....if it holds it will go 50 points...if it breaks and it will go 100...add in 136 to 145 level
333. Cool Sunshine |   Link |  Bookmark |March 12, 2018 11:07:12 AM
It has broken support level of 150. There is more downside left in the stock.

Do not buy at this stage.
333.1. Navkant |   Link |  Bookmark |March 13, 2018 2:13:58 AM (300+ Posts, 300+ Likes)
Any idea why?
333.2. Cool Sunshine |   Link |  Bookmark |March 13, 2018 1:02:13 PM
You may read earlier messages in the forum to get an idea about why the stock did not get listing gains.

Money goes where returns are. Currently there are so many other better opportunities in the market that this untested counter is finding it extremely difficult to find new buying. With no new buying coming in...the only direction this stock has followed is ...DOWN.
332. P M |   Link |  Bookmark |March 13, 2018 9:35:58 AM (1100+ Posts, 1100+ Likes)
Today again makes new All time low - 140.05 (26.28% below issue price)
331. P M |   Link |  Bookmark |March 13, 2018 7:24:13 AM (1100+ Posts, 1100+ Likes)
Makes new All time low on - 144.00 (24.21% below Issue price)
330. Roshan Harshwal |   Link |  Bookmark |March 12, 2018 9:48:20 AM
Anyone knows how much lower it will go?
330.1. bear on last gear |   Link |  Bookmark |March 12, 2018 11:03:25 AM
it will go below 125
329. Cool Sunshine |   Link |  Bookmark |March 9, 2018 12:03:51 PM
Today new life time low @156.95.

Approaching 150-55 range where punters (speculators) may step in.
329.1. NAND KISHORE PARWAL |   Link |  Bookmark |March 12, 2018 10:32:00 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Low 147.50
328. shivika |   Link |  Bookmark |March 11, 2018 11:52:16 AM
Your advice for asterdm...may of us are holding it
327. raman JR |   Link |  Bookmark |March 6, 2018 9:57:56 AM
how i can book this ipo i have applied through icici bank with zerodha demate account
326. PT RAJ |   Link |  Bookmark |February 27, 2018 7:39:27 AM
What to do now, hold or sell , if i sell on 180 then its a huge loss , Experts pls guide ??
326.5. Cool Sunshine |   Link |  Bookmark |March 5, 2018 10:14:28 PM
A new low today @ 168. Still no one knows how much lower it will go............

May see some serious buying emerging close to the range 150-155
326.6. PT RAJ |   Link |  Bookmark |March 6, 2018 7:36:32 AM
Experts pls guide, it comes on 169 rs and i have 780 shares .
325. Cool Sunshine |   Link |  Bookmark |February 26, 2018 10:18:00 AM
Moral of the story........

- Forward looking, thinking , statements, marketing, promotion alone cannot jack-up the IPO listing price.
- Analysis is good and valuation calculation has value......but IPO listing doesn''t depend ONLY on the analysis and valuation otherwise all analyst would have been billionaires.
- Promises of 40-50% listing gain are only means for trapping un-suspecting small buyers and generate some initial demand.
- Generally, known devil is better than unknown angel unless unknown angel is guaranteed to be an angel at reasonable cost. Whenever in doubt ....... known devil is more trustworthy.
- IPO is not a guaranteed listing gain instrument.
325.1. Cool Sunshine |   Link |  Bookmark |March 5, 2018 10:12:21 PM
Today is all time low @168
324. Samim Ahammad |   Link |  Bookmark |March 5, 2018 8:00:11 PM
190 rupiya 2 sal ke bad aayega.
323. shivika |   Link |  Bookmark |March 5, 2018 8:34:16 AM
Aster is making us impatient now....are there any chances of it going up this week...or its better to book loss
322. P M |   Link |  Bookmark |February 28, 2018 10:13:45 AM (1100+ Posts, 1100+ Likes)
Today makes New all time low
NSE - 170.10
BSE - 169.95
322.1. DownriteVJ |   Link |  Bookmark |March 1, 2018 10:58:59 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
What will be the good price to enter?
321. guptahitz |   Link |  Bookmark |February 27, 2018 9:52:58 AM
If you have not sold the stock yet, must sell it now. IMO, the correct price of the share is 150-160 and this will see the same level in few days. So, if you are interested in long term hold, sell at current level and accumulate once it goes below 165
321.1. PT RAJ |   Link |  Bookmark |February 27, 2018 11:28:09 PM
I am waiting for the time, wherein price come back around 190 rs n i would be come on no profit no loss. Would it be possible after wait of 1 2 days or what do u say .

320. Chem cho |   Link |  Bookmark |February 26, 2018 8:51:10 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)



320.4. Chem cho |   Link |  Bookmark |February 26, 2018 11:48:06 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)

320.5. Chem cho |   Link |  Bookmark |February 26, 2018 5:06:22 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
NO Much movement in the scrip , it was steady in range of 179 to 182

most ipo investors are holding the stock ,

if it croses rs 190 then rs 195 , or if it tangs below rs 178 then Rs 172 will be tested

not getting any clear picture of the scrip in the graph movement
319. Manofsteel |   Link |  Bookmark |February 26, 2018 3:55:30 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
No Surprise, Listing As Expected.
318. abhishekmumbai |   Link |  Bookmark |February 26, 2018 2:02:02 PM
317. CHD |   Link |  Bookmark |February 26, 2018 12:32:25 PM (1100+ Posts, 500+ Likes)
May see the issue price by close ....hold ...!