Aster DM Healthcare’s initial public offer (IPO), has opened for subscription today on February 12, and it will close for subscription on February 15. The price band for the IPO has been fixed at Rs.180-190 per share.

The initial public offering of Aster DM consists of a fresh issue of up to Rs.725 crore and an offer for sale of up to 1,34,28,251 equity shares by the promoter, Union Investments Private Limited.

The fresh issue proceeds will be used for repayment of debt, purchase of medical equipment and general corporate purposes. The company will not receive any proceeds from the offer for sale.

Furthermore, bids can be made for a minimum of 78 equity shares and in multiples of 78 equity shares thereafter.

Read EquityPandit’s Technical Analysis of Indian Stock Market