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IPO Note: Aster DM Healthcare - IndiaNotes.com
IPO Note: Aster DM Healthcare
Achiievers Equities | Published: 12 Feb, 2018  | Source : IndiaNotes.com

Business Overview:

 

Aster DM healthcare Limited incorporated in 2008 is one of the largest private healthcare service providers which operate in multiple GCC states based on numbers of hospitals and clinics, according to the Frost & Sullivan Report, and an emerging healthcare player in India. Company currently operate in all of the GCC states, which comprise the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain, in Jordan (which Company classify as a GCC state as part of its GCC operations), in India and the Philippines. Companies GCC operations are headquartered in Dubai, United Arab Emirates and its Indian operations are headquartered in Kochi, Kerala. The Company operates in multiple segments of the healthcare industry, including hospitals, clinics and retail pharmacies and provide healthcare services to patients across economic segments in several GCC states through its various brands Aster, Medcare and Access.


Object of the Issue:


The Offer comprises the Fresh Issue and the Offer for Sale. Company will not receive any proceeds from the Offer for Sale. Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:


1. Repayment and/or pre-payment of debt;


2. Purchase of medical equipment; and


3. General corporate purposes.

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