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IPO Update: Aster DM Healthcare re-files DRHP with SEBI

free intraday tipsAster DM Healthcare has re-filed draft red herring prospectus (DRHP) with SEBI. The company had earlier filed DRHP with the market regulator on June 24, 2016. As per new DRHP filed, the company is looking to garner Rs. 775.00 crore through the fresh issue of shares. It proposes to utilize the net proceeds from the IPO for the repayment of debt, for the purchase of medical equipment and for general corporate needs. The price band and the minimum bid lot will be decided by the company in consultation with the selling shareholders, global coordinators and book running lead managers. Axis Capital, Kotak Mahindra Capital, Goldman Sachs, ICICI Securities, YES Securities, JM Financial Securities and Link Intime India are the running lead managers. The company engages in multiple healthcare delivery verticals and serve multiple economic sectors.