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Aster DM Healthcare shares down over 5 percent in debut trade


Aster DM Healthcare shares down over 5 percent in debut trade

New Delhi: Shares of Aster DM Healthcare made a weak debut at the bourses, ending over 5 percent down from the issue price of Rs 190.

The stock listed at Rs 182.10, a loss of 4.15 percent from the issue price, on BSE. During the day, it tanked 7.13 per cent to Rs 176.45. It finally ended at Rs 179.85, down 5.34 percent.

At NSE, shares of the company lost 4.44 percent to close at Rs 181.55.

In terms of equity volume, 18.26 lakh shares were traded on BSE and over one crore shares changed hands at NSE during the day.

The company’s market valuation stood at Rs 9,086.51 crore.

The initial public offer of Aster DM Healthcare was subscribed 1.33 times during February 12-15.

The price band for the offer was kept at Rs 180-190 per share.

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



Source: PTI
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