New IPO Alert: Jupiter Life Line Hospitals Set to Launch Their IPO on 6th September. 7 Things to Know

Come September 6, Jupiter Life Line Hospitals’ IPO will go public on the primary market. A leading name in the healthcare sector, you should know the details of the company and its proposed IPO before investing. Here are 7 important facts.

It is IPO time again as Jupiter Life Line Hospitals is debuting on the stock exchange. The multi-specialty hospital chain, Jupiter Life Line Hospitals, is eyeing to list its shares in the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Per a report published by CRISIL, Jupiter Life Line Hospitals is one of the few hospitals in India that provides neuro-rehabilitation services. The hospital has a dedicated center specializing in computer-assisted and robotic services for rehabilitating neuropatients. As the hospital is launching its IPO, here are 7 important details.

Highlights 

• Jupiter Life Line Hospitals IPO opens on 6^th September and closes on 8^th September 2023

• The price band per share is ₹695-₹735, and you can bid for a minimum of 20 shares per lot.

• The company has posted growth in its revenue and profits in FY 2023 compared to FY 2022

• The IPO includes both a fresh issue and an Offer for Sale and is valued at ₹869.08 crores

7 Things About Jupiter Life Line Hospitals IPO

• Company Profile 

Jupiter Life Line Hospitals is a quaternary and tertiary healthcare provider operating in the Mumbai Metropolitan Area. 

• Financials

As of 31^st March 2023, the revenue stood at ₹902.96 crores, a jump from ₹737.14 crores reported last year. The Profit After Tax (PAT) jumped to ₹72.91 crores from ₹51.13 crores last year.

• IPO Dates and Price Band

The IPO opens on 6^th September and closes on 8^th September 2023. The price band per share ranges from ₹695 to ₹735. 

• IPO Size

11,824,163 shares are being offered through the IPO, aggregating ₹869.08 crores. The issue includes an Offer For Sale (OFS) of 44.50 lakh shares aggregating ₹327.08 crores and a fresh issue of 73,74,163 shares totaling ₹542 crores.

• Usage of the Funds

The IPO proceeds would be put to various uses. ₹463.90 crores would be used for full or partial debt repayment, while the rest would be used for corporate purposes.

• Allocation of the Issue

A maximum of 50% is reserved for Qualified Institutional Buyers (QIB) while a minimum of 15% is for HNIs (High Net Worth). Retail investors can bid for a minimum of 35% of the issue.

Also Read – Know more about the types of IPO investors.

• Listing Date and Grey Market Premium (GMP)

The tentative listing date of the IPO is 18 September 2023. The current GMP per share ranges between ₹208 and ₹210.

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The Bottom Line

Know the important aspects of the IPO before investing. Know the risk-return trade-off and invest if the IPO aligns with your risk profile and investment strategy.

Also Read – Know how the IPO price is determined.