Aster DM Healthcare Limited IPO
Aster DM 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. It currently operates 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 its GCC operations), in India and the Philippines. Its GCC operations are headquartered in Dubai, United Arab Emirates and its Indian operations are headquartered in Kochi, Kerala.
Aster DM 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”.
Key Strengths
It believes that it is well positioned to benefit from favourable trends driving demand in the private healthcare services market in the GCC states and India by virtue of its principal competitive strengths as described below.
1)Long standing presence with strong brand equity
2)Well diversified portfolio of service offerings to leverage multiple market opportunities
3)Provision of high quality healthcare service
4)Ability to attract and retain high quality medical professionals
Objects of the Aster DM Healthcare Limited IPO:
Aster DM Healthcare Limited IPO
are: 1. Repayment and/or Pre-Payment of debt 2. Purchase of medical equipment 3. General corporate purposes.Aster DM Healthcare Limited IPO Details:
Open Date: | Feb 12 2018 |
Close Date: | Feb 15 2018 |
Total Shares: | 13,428,251 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Built Issue IPO |
Issue Size: | 980.14 Cr. |
Lot Size: | 78 Shares |
Issue Price: | ₹ 180-190 Per Equity Share |
Listing At: | NSE,BSE |
Listing Date: | Feb 26 2018 |
Promoters And Management:
Financials of Aster DM Healthcare Limited IPO:
Particulars | For the year/period ended (in Rs. million) | |||||
---|---|---|---|---|---|---|
31-Mar-17 | 31-Mar-16 | 31-Mar-15 (Proforma) | ||||
Total Assets | 68,072.77 | 57,557.82 | 44,120.27 | |||
Total Revenue | 59,679.02 | 52,751.63 | 38,990.49 | |||
Profit After Tax | 2,667.47 | 82.11 | 2,721.07 |
Recommendation on Aster DM Healthcare Limited IPO:
Aster DM Healthcare Limited IPO
from our side is: AvoidLead Manager of Aster DM Healthcare Limited IPO:
Registrar of Aster DM Healthcare Limited IPO:
Company Address:
Discussion on Aster DM Healthcare Limited IPO:
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