Dubai's healthcare provider Aster DM Healthcare is coming out with an initial public offering (IPO) to raise an estimated Rs 980 crore in a price band of Rs 180- 190 per equity share. The issue will open on February 12, 2018 and will close on February 15, 2018. The company's shares are proposed to be listed on the BSE and NSE.
The company will use the net proceeds for repayment of debt, purchase of medical equipment, and for other general corporate purposes. Kotak Mahindra Capital, Axis Capital, Goldman Sachs (India) Securities, ICICI Securities, JM Financial and YES Securities (India) are book running lead managers to the issue.
Aster DM Healthcare operates as a healthcare company in the Middle East, India, and the Far East. It operates hospitals and clinics, pharmacies, diagnostic centers, educational institutions, and healthcare management and healthcare support systems.