COMPANY BACKGROUND

Aster DM healthcare Limited incorporated in 2008 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. Company currently operate in all of the GCC states, which comprise the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain, in Jordan (which Company classify as a GCC state as part of its GCC operations), in India and the Philippines. Companies GCC operations are headquartered in Dubai, United Arab Emirates and its Indian operations are headquartered in Kochi, Kerala.

The 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 its various brands “Aster”, “Medcare” and “Access”.

Issue Highlights

Issue opens

Monday, February 12, 2018

Issue closes

Thursday, February 15, 2018

Issue Size

Fresh Issue Rs. 725/‐ Crs. & Offer for sale of 13,428,251 Equity shares. (Rs.966.71 crs @lower price band & Rs.980.14 crs @ upper price band)

Price Band

Rs. 180/- to Rs. 190/-

Bid Lot

78 Equity Shares and in multiples thereafter

Face Value

Rs. 10/- per share

Listing

NSE / BSE

Registrar

Link Intime India Private Limited

Payment

Compulsorily ASBA Mode


Issue Break up

Category Issue Size Allocation Issue Size Lower Band(Rs.in Crs) Issue Size Upper Band(Rs.in Crs)
QIB 50% 483.35 490.07
NIB 15% 145.01 147.02
Retail 15% 338.35 343.05
Total 100% 966.71 980.14

 

Object of the Issue

The Offer comprises the Fresh Issue and the Offer for Sale.

Offer for Sale

Requirement of Funds

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

Repayment and/or pre-payment of debt;

Purchase of medical equipment; and

General corporate purposes (collectively, referred to herein as the “Objects”).

Retail payment chart - Aster DM Healthcare Limited

No. of Shares Cut off price per share Rs. 190 Total Amount (Rs.)
78 190 14820
156 190 29640
234 190 44460
312 190 59280
390 190 74100
468 190 88920
546 190 103740
624 190 118560
702 190 133380
780 190 148200
858 190 163020
936 190 177840
1014 190 192660