Aashka Hospitals Ltd. has announced public offering of 8400000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 111.00 per share. The gross proceeds of the issue are expected to be Rs 10,164.00 lakhs.

The company's initial public offer (IPO) will open on 10 August 2021 and is expected to close on 13 August 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 8400000 Equity Shares of the Company at an price of Rs 121.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Aashka Hospitals Ltd. anticipates using the proceeds of the issue for Repayment / prepayment, in full or part, of certain borrowings availed by the Company Funding of the inorganic growth initiatives General corporate purposes.

Fedex Securities Private Limited as lead manager & ACCURATE SECURITIES & REGISTRY PRIVATE LIMITED is the registrar, to the issue.