Aster DM Healthcare IPO - Review, Priceband and GMP, Market Lot, Important Dates, Allotment and Subscription Details

Investors are now with another IPO of 2018 which is Aster DM Healthcare, Aster DM Healthcare is one of the largest private healthcare service providers which operate in multiple GCC states based on numbers of hospitals and clinics.
Company currently operates in all of the GCC states, which comprise the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain,in Jordan (which is classified as GCC Countries), in India and the Philippines.

Company is operating in various countries with 17,240 employees as of March 31, 2017, including
  • 1,269 full time doctors
  • 5,692 nurses
  • 2,186 paramedics
  • 8,093 other employees (including pharmacists). 
In addition,they had 934 “fee for service” doctors working across various specialties in their hospitals in India as of March 31, 2017.

Company operates in multiple segments of the healthcare industry, including hospitals, clinics and retail pharmacies and provide healthcare services to patients across economic segments in several GCC states through their various brands viz. Aster, Medcare and Access.

In August 2014,Company had launched Aster Medcity in Kochi, Kerala, a multi-speciality hospital with a 670 bed capacity, to be positioned as a destination for medical value travel.

Company Portfolio

With the diversified portfolio in healthcare facilities with 7 hospitals, 89 clinics and 202 retail pharmacies in the GCC states, 11 multi-specialty hospitals and 6 clinics in India, and 1 clinic in the Philippines located in
  • Kochi
  • Kolhapur
  • Kozhikode
  • Kottakkal
  • Bengaluru
  • Vijayawada
  • Guntur
  • Wayanad and 
  • Hyderabad
Management Team:
  1. Dr.Mandayapurath Azad Moopen (Designation: Chairman and Managing Director)
  2. Dr.T.J. Wilson (Designation: Non-Executive Director)
  3. Mr.Anoop Moopen (Designation: Non-Executive Director)

 Objectives of the Issue:

  • Repayment and/or pre-payment of debt.
  • Purchase of medical equipment.
  • General corporate purposes

Aster DM IPO Subscription: (Day 2)

Day 10.500.160.15N/A0.25
Day 20.500.220.48N/A0.43
Day 3---N/A-

Aster DM Healthcare IPO Dates & Price Band: (Approx)

  • IPO Open: 12-February-2018
  • IPO Close: 15-February-2018
  • IPO Size: Approx Rs. 725 Crore (Approx)
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 180 to 190 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 1,16,76,740 Shares

Aster DM Healthcare IPO Market Lot:

  • Shares: Apply for 78 Shares (Minimum Lot Size)
  • Amount: Rs.14,820

Aster DM Healthcare IPO Allotment & Listing:

  1. Basis of Allotment: 22-February-2018
  2. Refunds: 22-February2018
  3. Credit to demat accounts: 23-February-2018
  4. Listing: 26-February-2018

Aster DM Healthcare IPO Review

Aster DM Healthcare IPO is another good IPO to come up, but with the current market sentiment which are not much bullish. With the good financial results and coming up with 725 crore IPO with price band around 180-190 which seems to be a good one.
With this valuation you can subscribe the IPO with listing gain and long term gain as well, we think that this will give a good listing to investors. 


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