Jupiter Life Line Hospitals IPO Review

 
Jupiter Life Line Hospitals IPO Review

IPO Open Date: September 6, 2023

IPO Close Date: September 8, 2023

IPO Price: ₹695 to ₹735 per share

Lot Size: 20 Shares

Listing: September 18, 2023

Jupiter Life Line Hospitals IPO is scheduled to hit the market on September 6 and close on September 8. Jupiter Life Line Hospitals plans to raise around ₹869.08 Cr through an IPO with a sale of up to 11,824,163 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Founded in 2007, Jupiter Life Line Hospitals Limited is a prominent healthcare provider in western India. They currently manage three hospitals under the “Jupiter” brand in Thane, Pune, and Indore, with 1,194 operational beds and a team of 1,306 doctors. They’re also constructing a new 500+ bed multi-specialty hospital in Dombivli, Maharashtra, starting in April 2023.

Jupiter stands out for its advanced healthcare services, including neuro-rehabilitation with robotics and multi-organ transplant centers. All their hospitals in Thane, Pune, and Indore have earned certifications from prestigious accreditation bodies. In the fiscal year 2023, their revenue is well-distributed, with Thane, Pune, and Indore hospitals contributing 54.18%, 34.03%, and 11.79% respectively.

Jupiter Life Line Hospital IPO

Jupiter Life Line Hospitals IPO Details

Jupiter Life Line Hospitals IPO opens on Sept 6, 2023, and closes on Sep 8, 2023. The Listing date for Jupiter Life Line Hospitals IPO is on Sept 18 2023. The price band for IPO is ₹695 to ₹735 per share and lot size of 20 shares.

IPO DateSept 6, 2023 to Sep 8, 2023
Listing DateSept 18, 2023
Price ₹695 to ₹735 per share
Lot Size20 Shares
Issue Size₹869.08 Cr
Face Value₹10 per share

Jupiter Life Line Hospitals IPO Tentative Timetable

Jupiter Life Line Hospitals opening date is September 6, 2023 and close date is September 8, 2023. The IPO allotment date is September 13, 2023. The refund initiation of IPO is on September 14, 2023. The credit of shares in demat account is on September 15, 2023. The listing date is on September 18, 2023.

EventDate
IPO OpeningSept 6, 2023
IPO ClosingSept 8, 2023
IPO Allotment DateSept 13, 2023
Refund InitiationSept 14, 2023
Shares Credit to DematSept 15, 2023
Lisiting DateSept 18, 2023

Jupiter Life Line Hospitals IPO Lot Size

Lot Size of this IPO is 20 shares. A retail-individual investor can apply for up to 13 lots ( 260 shares or ₹191,100).

CategoryLotsSharesAmount
Retail(Minimum)120₹14,700
Retail(Maximum)13260₹191,100
S-HNI (Minimum)14280₹205,800
B-HNI (Minimum)691,380 ₹1,014,300

Jupiter Life Line Hospitals IPO Promoter Holding

Pre Issue Share Holding40.69%
Post Issue Share Holding

Jupiter Life Line Hospitals IPO Review

Jupiter Life Line Hospitals Limited, a multi-specialty tertiary and quaternary healthcare provider in the Mumbai Metropolitan Area (MMR) and western India, has been in operation since 2007. The company operates three hospitals under the “Jupiter” brand in Thane, Pune, and Indore, with a total operational bed capacity of 1194 beds and over 1300 doctors. Additionally, they are developing a multi-specialty hospital in Dombivli, Maharashtra, with over 500 beds.

The company’s specialization includes neuro-rehabilitation services through a dedicated robotic and computer-assisted neuro-rehabilitation center, as well as multi-organ transplant centers in Thane. All of their hospitals have received certifications from the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and the National Accreditation Board for Testing and Calibration Laboratories (NABL).

As of March 31, 2023, the company had total assets worth ₹985.53 Crores. Revenue in FY 2023 was ₹902.96 Crores. The company reported a profit of ₹72.91 Crores in FY 2023.

Jupiter Life Line Hospitals IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0
  bNII (bids above ₹10L)0
  sNII (bids below ₹10L)0
Retail Investors(RII)0
Employees0
Others0
Total0

Jupiter Life Line Hospitals IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Jupiter Life Line Hospitals IPO FAQs

What is Jupiter Life Line Hospitals IPO?

Jupiter Life Line Hospitals is issuing 11,824,163 equity shares with a face value of ₹10 each, totaling up to ₹869.08 Cr. The shares are being offered at a price of ₹695 to ₹735 each, with a minimum order quantity of 20 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Jupiter Life Line Hospitals IPO will open?

Jupiter Life Line Hospitals will open on September 6, 2023 for QIB, NII, and Retail Investors.

When Jupiter Life Line Hospitals IPO will end?

Jupiter Life Line Hospitals will end on September 8, 2023.

What is Jupiter Life Line Hospitals IPO Size?

Jupiter Life Line Hospitals IPO size is 869.08 Cr.

What is Jupiter Life Line Hospitals IPO Price Band?

Jupiter Life Line Hospitals price band is ₹695 to ₹735.

What is the Jupiter Life Line Hospitals IPO Allotment Date?

Jupiter Life Line Hospitals allotment date is 13 September 2023.

What is the Jupiter Life Line Hospitals IPO Listing Date?

Jupiter Life Line Hospital listing date is 18 September 2023. The IPO is to be listed on BSE and NSE.

How to Apply Jupiter Life Line Hospitals IPO through Zerodha?

To apply for the IPO “Jupiter Life Line Hospitals” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don’t have one, open a demat account with Zerodha.

How to Apply Jupiter Life Line Hospitals IPO through Upstox?

To apply for the IPO “Jupiter Life Line Hospitals” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don’t have one, open a demat account with Upstox.

How to check Jupiter Life Line Hospitals IPO Allotment Status?

For Jupiter Life Line Hospitals IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Jupiter Life Line Hospital IPO GMP?

You can check out here: Jupiter Life Line Hospitals IPO GMP

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