Aster DM Healthcare IPO
Aster DM Healthcare Limited (ASTERDM) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 26 February 2018.
Issue details
Listing day
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,05,17,400 | 2,20,90,848 | 2.10x | |
| NII (HNI) total | 80,55,905 | 44,57,700 | 0.55x | |
| Retail | 1,87,97,110 | 2,22,69,234 | 1.18x | |
| Total | 3,73,70,415 | 4,88,17,782 | 1.31x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 40% of all shares bid for were at the cut-off price.
Anchor investors: the company's anchor allocation letter is a scanned document we cannot read automatically; open it on NSE (zip).
After listing
| Time after listing | vs issue price ₹190 |
|---|---|
| 1 week | -10.4% |
| 1 month | -10.6% |
| 3 months | -5.7% |
| 6 months | -7.2% |
| 1 year | -17.3% |
NSE closing prices, adjusted for later splits and bonuses. How IPOs do after listing, in general.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Aster DM Healthcare's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| Khadim IndiaNov 2017 | 2.44x | 0.18x | 2.33x | 1.90x | ₹544 Cr | -2.7% | -1.4% |
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
| Tejas NetworksJun 2017 | 2.16x | 0.48x | 3.10x | 1.88x | ₹803 Cr | 0.0% | +5.6% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Axis Capital | 107 | +20.4% | 73% |
| Goldman Sachs (India) Securities | 16 | +18.4% | 69% |
| ICICI Securities | 109 | +21.3% | 69% |
| JM Financial | 109 | +22.8% | 75% |
| YES Securities (India) | 6 | +28.6% | 83% |
Offer documents (NSE)
Frequently asked
What is the Aster DM Healthcare IPO price band and lot size? ₹180–190 per share, with a lot of 78 shares, so the smallest retail bid is ₹14,820.
How many times has it been subscribed? 1.31x overall: QIB 2.10x, NII 0.55x, retail 1.18x.
How did it list? It opened at ₹183, -3.7% against the issue price of ₹190, and closed its first day -4.5%.
