Aashka Hospitals Ltd - IPO

Aashka Hospitals Ltd IPO Details

Initial Public Offer of 84,00,000 Equity Shares of face value of Rs.10 each (equity shares) of Aashka Hospitals Limited (aashka or the company or the issuer) for cash at a price of Rs.121 per equity share including a share premium of Rs.111 per equity share (the offer price) aggregating to Rs.101.64 Crores (the offer) comprising of a fresh issue of 54,00,000 equity shares aggregating to Rs. 65.34 Crores (the fresh issue) and an offer for sale of 30,00,000 equity shares by the promoter selling shareholders and the selling shareholders (offer for sale) aggregating to Rs.36.30 Crores of which 4,80,000 equity shares of face value of Rs.10 each for cash at a price of Rs.121 per equity share including a share premium of Rs.111 per equity share aggregating to Rs.5.81 Crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The offer less the market maker reservation portion i.e net offer of 79,20,000 equity shares of face value of Rs.10 each at a price of Rs.121 per equity share including a share premium of Rs. 111 per equity share aggregating to Rs. 95.83 Crores (the net offer). The offer and the net offer will constitute 35.90% and 33.85% respectively of the post offer paid up equity share capital of the company. The face value of the equity share is Rs.10 each and the issue price is 12.10 times of the face value.

Objective of issue

Repayment/Prepayment, in full or part, of certain Borrowings availed by the Company. Funding of the Inorganic Growth Initiatives. General Corporate Purposes.

Aashka Hospitals Ltd Contact Details

Aashka Hospitals Ltd, 203 Shangoilla, Aricade, Shyam Cross RD, Ahmedabad

Phone - 91-6354814518

Fax -

Email - cs@aashkahospitals.in

Website - www.aashkahospitals.in