India: PE-backed Aster DM to launch IPO on Feb 12, sets price band

Photo: Mint

Aster DM Healthcare Ltd, which runs hospitals in India and West Asia, on Monday said it will launch its Rs980 crore initial public offering on 12 February.

Aster DM has set a price band of Rs180-190 per share for the IPO. The offer will close on 15 February. The initial share sale comprises a fresh issue of shares of Rs725 crore and an offer for sale of 13.42 million shares by Aster DM’s promoter Union Investments Pvt. Ltd. At the upper end of the price band, the share sale will fetch promoters about Rs255 crore.

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