The primary issue from Aster DM Healthcare Limited was subscribed. The company had tapped the capital markets with its simultaneous offer for a fresh issue to raise Rs 725 crs and an offer for sale of 1,34,28,251 equity shares in a price band of Rs 180-190. The issue was open from Monday the 12th of February and had closed on Thursday the 15th of February.

Earlier the company had allotted 1,54,75,843 shares to 7 anchor investors comprising of 8 entities. The highest allocation was done to SBI Mutual Fund and Sundaram Mutual Fund of 34,25,058 shares a piece which is 22.13% of the anchor book.

The issue was subscribed 1.31 times. The QIB portion was subscribed 2.1 times. The leveraged HNI portion was undersubscribed at 0.55 times. This is yet another issue where the HNI has not applied for simply because there was no grey market activity. Secondly unless the issue in the HNI category is likely to get subscribed about 100 times, they do not subscribe to the same as the margin payable exceeds 1% and could be as high as 5-10%. The so-called risk is reduced significantly by selling shares in the grey market and ensuring that they are adequately covered. The retail portion was subscribed 1.18 times.

The full details of the subscription are given below: –