Aster DM Health IPO subscribed 26% on first day of the issue
Aster DM Healthcare’s IPO was subscribed 26 per cent on Monday, the first day of the issue. The IPO, which aims to raise Rs 9.8 billion, received bids for over 7.2 million shares against the total issue size of over 374 million scrips. The qualified institutional buyer (QIB), high networth individual (HNI) and retail investor portion of the offering were subscribed 51 per cent, 17 per cent and 16 per cent respectively. On Friday, the hospital chain operator had allotted 13.4 million shares to eight anchor investors at Rs 190 apiece to raise around Rs 2.9 billion. The price band for the IPO is Rs 180 to Rs 190 per share.
Aster DM’s Rs 9.8 billion-IPO closes on Thursday.