Aster DM Healthcare IPO
Aster DM Healthcare IPO — date, price band, lot size & details 2018
Aster DM Healthcare listed on 26 Feb 2018 at ₹183, 3.7% below the ₹190 issue price.
Aster DM Healthcare is a Kochi based healthcare provider running hospitals, clinics and pharmacies in GCC states, India and the Philippines. Its total income was Rs 5,967.90 crore in FY2017.
Stock price
Aster DM Healthcare is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 12 Feb 2018
- Close 15 Feb 2018
- Allotment 22 Feb 2018
- Refund/credit 22 Feb 2018
- Listing 26 Feb 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 15 Feb, 2018 |
|---|---|
| Price Band | ₹180 – ₹190 |
| Face Value | ₹10 |
| Lot Size | 78 Shares |
| Issue Size | ₹980.14 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,820 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 78 shares at the ₹190 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 78 | ₹14,820 |
| Retail (max) | 13 | 1,014 | ₹1,92,660 |
| S-HNI (min) | 14 | 1,092 | ₹2,07,480 |
| S-HNI (max) | 67 | 5,226 | ₹9,92,940 |
| B-HNI (min) | 68 | 5,304 | ₹10,07,760 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 3,899.05 crore in FY2015 to Rs 5,967.90 crore in FY2017.
- 02It operates across 6 GCC countries, India and the Philippines.
- 03Net worth rose from Rs 597.24 crore in FY2015 to Rs 2,292.06 crore on 30 September 2017.
- 04Rs 564.16 crore of the issue was for repaying debt.
Risks · 5
- 01It made a loss of Rs 82.71 crore in six months to 30 September 2017.
- 02Profit after tax swung from Rs 272.11 crore in FY2015 to Rs 8.21 crore in FY2016.
- 03Total borrowing was Rs 2,926.34 crore on 30 September 2017, above its net worth.
- 04Much of its business is in the Gulf, so oil prices and local rules affect it; total assets were Rs 7,094.10 crore.
- 05The promoters held only 43.28% before the issue and 37.46% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Aster DM Healthcare offer document.
| Metric | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 7,094.10 | 6,807.28 | 5,755.78 | 4,412.03 |
| Total Income | 3,141.37 | 5,967.90 | 5,275.16 | 3,899.05 |
| Profit After Tax | -82.71 | 266.75 | 8.21 | 272.11 |
| NET Worth | 2,292.06 | 2,328.08 | 938.02 | 597.24 |
| Reserves and Surplus | 1,773.66 | 1,847.46 | 193.61 | 1,857.50 |
| Total Borrowing | 2,926.34 | 2,757.69 | 3,320.57 | 1,090.66 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹675.99 Cr of the issue is earmarked to named objects.
Aster DM Healthcare IPO Anchor Investors
8 anchor investors across 4 fund houses committed ₹294.06 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| First State Indian Subcontinent Fund | - | 2,528,233 | 48.04 | 16.34% |
| Caisse De Depot Et Placement Du Quebec - First State Investments International Limited | - | 1,134,588 | 21.56 | 7.33% |
| SBI Magnum Taxgain Scheme | SBI Mutual Fund | 2,267,148 | 43.08 | 14.65% |
| SBI Pharma Fund | SBI Mutual Fund | 1,157,910 | 22.00 | 7.48% |
| Sundaram Mutual Fund A/C Sundaram Select Midcap | Sundaram Mutual Fund | 3,425,058 | 65.08 | 22.13% |
| Karst Peak Asia Master Fund | - | 2,329,392 | 44.26 | 15.05% |
| Db International Asia Limited | - | 1,333,488 | 25.34 | 8.62% |
| Societe Generale | Societe General | 1,300,026 | 24.70 | 8.40% |
| Total anchor allocation | 294.06 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its Indian operations are headquartered in Kochi, Kerala.
It operates across hospitals, clinics, pharmacies and other healthcare services.
The IPO was Rs 980.14 crore, with Rs 725.00 crore of fresh issue and Rs 255.14 crore of offer for sale, at Rs 190, the top of the Rs 180 to Rs 190 band. Most of the fresh money was for repaying debt and buying medical equipment.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Aster DM Healthcare IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Goldman Sachs (India) Securities Private Limited
19 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: Paytm (-9.3%).
YES Securities (India) Ltd
17 issues handledBest listing: IRCTC (+95.6%). Weakest: Bharat Dynamics (-13.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Frequently asked
What is the GMP of Aster DM Healthcare?
The current Grey Market Premium is ₹7.5, or 4% over the issue price.
What is the Aster DM Healthcare IPO price band?
₹180 to ₹190, on a face value of ₹10.
When is the allotment?
The basis of allotment is 22 February 2018, with listing on 26 February 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
