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Aster DM Health Care Limited is one of the largest private healthcare service providers which operate in multiple GCC states based on numbers of hospitals and clinics, according to the Frost & Sullivan Report, and an emerging healthcare player in India.

Currently they are operating in all of the GCC states, which comprise the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain, in Jordan (which we classify as a GCC state as part of our GCC operations), in India and the Philippines. Their GCC operations are headquartered in Dubai, United Arab Emirates and Indian operations are headquartered in Kochi, Kerala.

Aster DM Health Care Limited IPO - Issue Details:

Issuer Aster DM Health Care Limited (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Feb 12, 2018;
Issue Closes: Feb 15, 2018
Price Brand Rs.180 - Rs.190 per Equity Share
Issue Size(Rs.) Fresh Issue Rs. 725/-Crs and Offer for sale of 13,428,251 Equity shares (Rs.966.71* crs - Rs.980.14 crs^)
Face Value Rs.10 per Equity Share
Bit Lot 78 Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size : 483.35 Crs*-490.07 Crs^
NIB 15% of the issue size : 145.01 Crs* - 147.02 Crs^
Retail Individual Bidders 35% of the issue size : 338.35 Crs* - 343.05 Crs^
Mode of Payment ASBA Mandatory (No Cheque will be accepted)
Registrar Link Intime India Private Limited
Listing NSE & BSE
Book Running Lead Managers ICICI Securities, JM financials, YES Securities

* Lower price band; ^ Upper price band

Key Strategies:

  • Continue to grow within existing centres
  • Increase presence by way of greenfield expansions
  • Pursue inorganic growth opportunities to expand into newer service offerings or new markets
  • Ability toidentify, adapt to and capitalise on market developments, conditions, trends and opportunities
  • Capitalise on mandatory health insurance in GCC
  • Implementation of initiatives to improve existing operational efficiencies and profitability


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