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Catering to the growing healthcare market in India, Aster DM Healthcare intends to tap the equity market to fund its future expansion plans.
“We are planning for an IPO in the next six months to one-year period to fund our future requirements. The company has identified the bankers for the offer and is going ahead with the proposal,” Azad Moopen, Chairman, Aster DM Healthcare, said.
However, he declined to divulge the size and details of the IPO, citing restrictions from bankers at this point of time.
In an interaction with BusinessLine , he said the southern and western regions in the country would be the initial focus. With these expansion plans, the company hopes to emerge as one among the top three players in the healthcare segment.
The group is currently operating eight hospitals in Hyderabad, Bengaluru, Maharashtra, Kozhikode and the recently opened ₹600-crore Aster Medcity in Kochi. The new 400-bed healthcare facility in Bengaluru at an investment of ₹250 crore will be ready for operation in the Airport Road by the end of this year.
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