Aster DM Healthcare Limited IPO

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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

Aster DM Healthcare Limited IPO Stock Quote & Charts

156.10

-1.48%

  • Open: 160.00
  • High - Low: 160.00 - 155.10
  • Previous Close: 158.45
  • Total Traded Volume: 25144
  • Updated On: 24-Dec-2019

Objects of the Aster DM Healthcare Limited IPO:

Objectives of

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:

Dr. Azad Moopen UIPL (Union Investments Private Limited)

Financials of Aster DM Healthcare Limited IPO:

Summary of financial Information (Restated Consolidated)
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:

Review and Recommendation of

Aster DM Healthcare Limited IPO

from our side is: Avoid

Registrar of Aster DM Healthcare Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Aster DM Healthcare Ltd IX/475L, Aster Medcity, Kuttisahib Road, near Kothad Bridge South Chittoor P.O: Cheranalloor Ernakulam, Kochi - 682 027 Phone: + 91 484 6699 228 Fax: + 91 484 6699 862 Email: investors@ aster dmhealthcare.com Website: www.asterdmhealthcare.com

Discussion on Aster DM Healthcare Limited IPO:

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