Meanwhile, the S&P BSE Sensex was up 244.70 points or 0.72% at 34,386.85.

Shares of Aster DM Healthcare were listed on the bourses at Rs 182.10, a discount of 4.16% to its offer price of Rs 190 per share. The stock had hit a high of Rs 187.80 and a low of Rs 176.45 so far during the day. On the BSE, 6.38 lakh shares were traded on the counter so far.

The initial public offer (IPO) of Aster DM Healthcare had received bids for 4.88 crore shares, as against 3.73 crore shares on offer. The issue was subscribed 1.31 times.

The issue opened for subscription on 12 February and closed on 15 February 2018. The price band for the issue was fixed at Rs 180 to Rs 190 per share. The offer comprised of IPO of Rs 725 crore. The offer also comprised offer for sale (OFS) of 1.34 crore shares.

The objects of the issue were to repay certain borrowings of Rs 564.16 crore and to purchase medical equipment worth Rs 110.31 crore. The balance will be for other corporate purposes apart from the benefits of listing the equity shares on the BSE and the NSE and to enhance visibility and brand image and provide liquidity to the existing shareholders.

On a consolidated basis, Aster DM Healthcare reported a net loss of Rs 82.71 crore on net sales of Rs 3122.59 crore for the six months ended September 2017.

Aster DM Healthcare is a Kochi-based (Kerala) healthcare service provider, with operations in Gulf Cooperation Council (GCC) states of the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain, India and Philippines.