Proceeds of the fresh issue would be used towards repayment of debt, purchase of medical equipment, and for general corporate purposes.
In an interview with CNBC-TV18, Azad Moopen, Chairman of Aster DM Healthcare spoke about the latest happenings in his company and sector.
The company will use the amount raised through IPO for repayment and/or pre-payment of debt, purchase of medical equipment and for general corporate purposes.
"The shares will be listed on BSE SME Exchange," the company said in a statement.
Investors bid for 88.1 million shares, or 19.9 times the 4.4 million shares on offer, stock exchange data as of 1258 GMT showed.
Speciality chemicals manufacturer Galaxy Surfactants initial public offer was fully subscribed on the first day of bidding today.
Going forward they expect to grow both in the speciality ingredients and performance products, said U Shekhar, Founder and Managing Director, Galaxy Surfactants.
Multiple brokerages are recommending subscribing to the issue, citing fair valuations and factors such as having a first movers’ advantage.
Galaxy Surfactants aims to raise Rs 930.75-937.08 crore at a price band of Rs 1,470-1,480 per share. Out of which, it already garnered Rs 281.13 crore from 33 anchor investors at Rs 1480 per share on January 25.
The air conditioner manufacturer’s IPO received bids for 1.99 crore shares against an issue size of 49 .27 lakh, data available with the NSE as of 11:50 am showed.
The initial public offer (IPO) of IT firm Newgen Software Technologies was subscribed 8.22 times so far on the last day of bidding today.
The initial public offering of Amber Enterprises, the manufacturer of air-conditioners, was subscribed 3.61 times on the second day of bidding today.
The issue has received bids for 1.34 crore shares against the total issue size of over 1.22 crore scrips, data available with the NSE as of 11 am showed on Thursday.
The initial public offer of IT firm Newgen Software Technologies was subscribed 70 percent on the second day of its listing today.
The company had raised Rs 179 crore from anchor investors yesterday.
Brokerage houses largely recommend subscribing to the issue, citing reasonable valuations as well as that of having a good track record.
The issue price has been set in the range of Rs 240-245 apiece and the company plans to raise around Rs 450 crore.
The IPO to raise Rs 156 crore received bids for 1,02,22,96,950 shares against the total issue size of 41,44,955 shares, data available with NSE till 1630 hrs showed.
Apollo, whose IPO opened yesterday, on a net worth of Rs 63 crore, company is seeking to raise Rs 156 crore for a mere 24.7 percent stake.
The company fixed a price of Rs 270-275 per share and said that the proceeds will be used to meet additional working capital and other general corporate purposes.
The qualified institutional buyers (QIBs) portion got oversubscribed 103.36 times, non institutional investors 396.99 times and retail investors 76.26 times, merchant banking sources said. The issue is in the price band of Rs 45-50.
Astron Paper and Board Mills' initial public offer (IPO) was over-subscribed 12.39 times on the third day of issue on Tuesday.
The IPO to raise Rs 70 crore received bids for 9,60,60,160 shares against the total issue size of 1,40,00,000 shares, data available with the NSE showed.
With 1,40,00,000 equity shares of face value of Rs 10 each, at the upper end of the price band, the firm could be looking to raise Rs 70 crore through the issue that will close on December 20, 2017.
Future Group's logistics arm Future Supply Chain solutions initial public offering (IPO) opens. The company plans to raise Rs 650 crores via the public offer. In an interview with CNBC-TV18, Sanjay Jain, Group CFO of Future Group spoke about the latest happenings in his company and sector.