Incorporated in 2007, Jupiter Life Line Hospitals Limited is a multi-specialty tertiary and quaternary healthcare provider in the Mumbai Metropolitan Area (MMR) and western region of India.
Jupiter Life Line Hospitals has been operating as a corporate quaternary care healthcare service provider in the western regions of India and currently operates three hospitals under the "Jupiter" brand in Thane, Pune, and Indore, with a total operational bed capacity of 1194 beds, and 1,306 doctors including specialists, physicians, and surgeons, as of March 31, 2023. The company is currently developing a multi-specialty hospital in Dombivli, Maharashtra, which is designed to accommodate over 500 beds and has commenced construction in April 2023.
According to the CRISIL Report, the company's Thane and Indore hospitals are amongst the few hospitals in the western region of India to provide neuro-rehabilitation services through a dedicated robotic and computer-assisted neuro-rehabilitation center. Additionally, it operates one of the few multi-organ transplant centers in Thane. All the hospitals in Thane, Pune, and Indore have been certified by the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and have been accredited in the field of medical testing by the National Accreditation Board for Testing and Calibration Laboratories (NABL).
The company's inpatient and outpatient revenue is diversified across hospitals with Thane, Pune, and Indore hospitals accounting for 54.18%, 34.03%, and 11.79%, respectively, of the revenue from operations in Fiscal 2023.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Repayment/pre-payment, in full or part, of borrowings availed from banks by the company and Material Subsidiary and General corporate purposes.
| IPO Opening Date | Sep 6, 2023 |
|---|---|
| IPO Closing Date | Sep 8, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹695 to ₹735 per share |
| Market Lot | 20 Shares |
| Min Order Quantity | 20 Shares |
| Listing At | BSE, NSE |
| Issue Size | 11,824,163 shares (aggregating up to ₹869.08 Cr) |
| Fresh Issue | 7,374,163 shares (aggregating up to ₹542.00 Cr) |
| Offer for Sale | 4,450,000 shares of ₹10 (aggregating up to ₹327.08 Cr) |
| Share holding pre issue | 458,191,859 |
| Share holding post issue | 65,566,022 |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| Basis of Allotment Date | September 13, 2023 |
|---|---|
| Initiation of Refunds | September 14, 2023 |
| Credit of Shares to Demat Account | September 15, 2023 |
| IPO Listing Date | September 18, 2023 |
The minimum lot size of this Jupiter Life Line Hospitals IPO is 76 shares required is ₹14,972.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,700 |
| Retail (Max) | 13 | 260 | ₹191,100 |
| S-HNI (Min) | 14 | 280 | ₹205,800 |
| S-HNI (Max) | 68 | 1,360 | ₹999,600 |
| B-HNI (Min) | 69 | 1,380 | ₹1,014,300 |
Jupiter Life Line Hospitals IPO is a main-board IPO of 11,824,163 equity shares of the face value of ₹10 aggregating up to ₹869.08 Crores. The issue is priced at ₹695 to ₹735 per share. The minimum order quantity is 20 Shares.
The IPO opens on September 6, 2023, and closes on September 8, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Jupiter Life Line Hospitals IPO opens on September 6, 2023 and closes on September 8, 2023.
Jupiter Life Line Hospitals IPO lot size is 20 Shares, and the minimum amount required is ₹14,700.
You can apply in Jupiter Life Line Hospitals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Jupiter Life Line Hospitals IPO will be done on Wednesday, September 13, 2023, and the allotted shares will be credited to your demat account by Friday, September 15, 2023.
Check the IPO allotment status.
The Jupiter Life Line Hospitals IPO listing date is not yet announced. The tentative date of Jupiter Life Line Hospitals IPO listing is Monday, September 18, 2023.
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