The initial public offering (IPO) of private healthcare service provider Aster DM Healthcare to raise Rs 966.7-980.1 crore opened today. 
 
The price band of the issue is Rs 180-Rs 190 per equity share of face value of Rs 10 each. The issue will close on February 15, 2018.
 
The floor price of the issue is 18 times the face value of the equity shares and the cap price is 19 times the face value.
 
The issue comprises fresh issue of equity shares aggregating up to Rs 725 crore and an offer for sale of up to 1,34,28,251 equity shares of the company by the promoter, Union Investments.
 
The company will use the amount raised through the IPO for repayment of debt, purchase of medical equipment and for general corporate purposes.
 
Investors can  bid for a minimum of 78 equity shares and in multiples of 78 equity shares.
 
Kotak Mahindra Capital Company, Axis Capital and Goldman Sachs (India) Securities are the global co-ordinators and book running lead managers to the offer and ICICI Securities, JM Financial & YES Securities (India) are the book running lead managers.