After opening the day on a positive note, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the realty sector, healthcare sector and capital goods sector witnessing maximum buying interest.
The BSE Sensex is trading up 200 points (up 0.6%) and the NSE Nifty is trading up 62 points (up 0.6%). The BSE Mid Cap index is trading up by 1.4%, while the BSE Small Cap index is trading up by 1.7%. The rupee is trading at 64.29 to the US$.
In the news from the IPO space, Aster DM Healthcare – one of the largest private healthcare service providers operating in multiple GCC states (Cooperation Council for the Arab States of the Gulf) based on numbers of hospitals and clinics – has opened its subscription offer from today.
The company has set the price band of Rs 180-190 per equity share for its IPO.
The company currently operates in all the GCC states, which comprises the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait, and Bahrain, in Jordan, India and the Philippines. The company’s GCC operations are headquartered in Dubai, while the United Arab Emirates and Indian operations are headquartered in Kochi, Kerala.
The company operates in multiple segments of the healthcare industry, including Hospitals, Clinics, and Retail Pharmacies and provides healthcare services to patients across economic segments in several GCC states through their various brands ‘Aster’, ‘Medcare’ and ‘Access’.
As of 30th September 2017, the company had 323 operating facilities, including 19 hospitals with a total of 4,754 installed beds.
To know our view on this IPO, you can read our IPO note on Aster DM Healthcare (requires subscription).
Also, if you want to know more about IPOs and whether they are right for you, you can download our free special report – How to Get Rich with IPOs.
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