Aster DM Healthcare Ltd.'s Rs 980-crore initial public offering was subscribed 1.3 times on the third and final day of bidding so far.
The issue received bids for 46.9 lakh shares versus the total issue size of 36.1 lakh, according to data provided by one of the book runners, Axis Capital, as of 4:00 p.m.
The portion reserved for qualified institutional buyers was subscribed 2.14 times the number of shares on offer, while the retail investors' portion was subscribed 1.13 times. The non-institutional portion received bids for 0.58 times the number of shares allotted.
The healthcare services provider planned to sell 5.15 crore shares at Rs 180-190 apiece in the three-day offer to raise Rs 980 crore. Promoter Union Investments Pvt. Ltd. is diluting its stake and the company will issue new stock to raise Rs 725 crore.
Aster DM has 323 operating facilities in nine nations, including 19 hospitals with 4,754 beds, of which 3,584 were operational as of Sept. 30. It's building or expanding 10 hospitals to add about 727 beds.
Also Read: Aster DM Healthcare IPO: All You Need To Know
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