Aster DM Healthcare Ltd announced its launch of Rs 980 crore initial public offering (IPO) on 12th of February 2018.
The firm said it will be launching the IPO "with a price band of Rs 180-190 per equity share of face value of Rs 10 each of the company". The offer will close on 15th of February. Its initial share sale with comprise of fresh issue of shares worth Rs 725 crore and offer sale of 13.42 million shares by Aster DM's promoter Union Investments Pvt. Ltd which will fetch the promoter Rs 225 crore at the upper end.
Aster DM Healthcare was started in 1987 as a single clinic by Dr. Azad Moopen. It now has a global network of 19 hospitals, 98 clinics and 206 pharmacies operating in 7 Indian cities, the Middle East countries and the Philippines.
As of September 2017, the company had 17,408 employees including 1,417 full-time doctors.
Inputs from PTI