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    • Aster DM Healthcare...

    Aster DM Healthcare raises Rs 294 crore from anchor investors

    By Ruby Khatun KhatunPublished On 2018-02-12T10:45:19+05:30  |  Updated On 2021-08-16T16:00:25+05:30

    New Delhi: Aster DM Healthcare has raised Rs 294 crore from anchor investors ahead of its initial public offer opening today.


    The company, which runs hospitals in India and the Middle East, has allocated shares to anchor investors at the upper end of the IPO price band of Rs 190 per scrip.






    The price band for the offer, which would be open from February 12 to 15, is Rs 180-190 per share. According to a filing to the stock exchanges, Aster has alloted 1,54,75,843 shares at the price of Rs 190 apiece to anchor investors raising Rs 294 crore.

    First State Indian Subcontinent Fund, SBI Magnum Taxgain Scheme, Karst Peak S Asia Master Fund and Societe Generale are among the anchor investors. Through the IPO, Aster is expected to garner Rs 980 crore.

    The offer comprises 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. Proceeds of the issue would be used towards repayment of debt, purchase of medical equipment, and for other general corporate purposes.

    Kotak Mahindra Capital Company, Axis Capital and Goldman Sachs (India) Securities, ICICI Securities, JM Financial and Yes Securities will manage the company's public issue. The shares are proposed to be listed on BSE and NSE.

    Aster operates in India, the Philippines, Jordan and all the GCC (Gulf Cooperation Council) states comprising the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait, and Bahrain.

    anchor investors Aster Aster DM Aster DM Healthcare Axis Capital fund Goldman Sachs hospitals initial public offer Investment IPO Kotak Mahindra Capital medical equipment Raises SBI Magnum Taxgain Scheme 
    Source : PTI

    Disclaimer: This site is primarily intended for healthcare professionals. Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription. Use of this site is subject to our terms of use, privacy policy, advertisement policy. © 2020 Minerva Medical Treatment Pvt Ltd

    Ruby Khatun Khatun
    Ruby Khatun Khatun
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