New Delhi: The initial public offer of Aster DM Healthcare has subscribed 45 percent on the second day of its public issue, according to merchant bankers.
The IPO, which aims to raise Rs 980 crore, received bids for over 1.62 crore shares against the total issue size of over 3.74 crore scrips.
The portion reserved for institutional investors was subscribed 51 percent, non-institutional category 24 percent and retail investors witnessed a subscription of 50 percent, the bankers said.
The company had raised Rs 294 crore from anchor investors on Friday.
The initial public offer (IPO) comprises the 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.