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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.
| IPO Date | Feb 12, 2018 to Feb 15, 2018 |
| Listing Date | Monday, February 26, 2018 |
| Face Value | ₹10 per share |
| Price | ₹180 to ₹190 per share |
| Lot Size | 78 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹980.14 Cr) |
| Fresh Issue | [.] shares of ₹10 (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 |
| Company Promoters | Dr. Azad Moopen and UIPL (Union Investments Private Limited) are the Promoters of the Company. |
Aster DM Healthcare IPO opens on Feb 12, 2018, and closes on Feb 15, 2018. The Aster DM Healthcare IPO bid date is from Feb 12, 2018 10.00 A.M. to Feb 15, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 12, 2018 |
| Closing Date | Feb 15, 2018 |
| Basis of Allotment | Feb 22, 2018 |
| Initiation of Refunds | Feb 22, 2018 |
| Credit of Shares to Demat | Feb 23, 2018 |
| Listing Date | Feb 26, 2018 |
The Aster DM Healthcare IPO lot size is 78 shares. A retail-individual investor can apply for up to 13 lots (1014 shares or ₹192,660).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 78 | ₹14,820 |
| Retail (Max) | 13 | 1014 | ₹192,660 |
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 Feb 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 | Monday, February 26, 2018 |
| BSE Script Code | 540975 |
| NSE Symbol | ASTERDM |
| Listing In | B Group of Securities |
| ISIN | INE914M01019 |
| IPO Price | ₹190 per share |
| Face Value | ₹10 per share |
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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/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 3 | 0 | 2 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
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 Feb 12, 2018, and closes on Feb 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 Feb 12, 2018 and closes on Feb 15, 2018.
Aster DM Healthcare IPO lot size is 78 Shares and the minimum order quantity is .
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Aster DM Healthcare IPO will be done on Feb 22, 2018, and the allotted shares will be credited to your demat account by Feb 23, 2018. Check the Aster DM Healthcare IPO allotment status.
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