Jupiter Life Line Hospitals Ltd IPO: Check IPO Date, Price, Details | Espresso

EspressoLogy

Jupiter Life Line Hospitals Limited IPO opens on September 06. Check IPO Details Issue Date Price

September 04, 2023
Jupiter Life Line Hospitals Limited IPO opens on September 06. Check IPO Details Issue Date Price

Jupiter Life Line Hospitals Limited is coming out with a fresh public issue to raise Rs. 869 crores from the market.

Below are the details of the Jupiter Life Line Hospitals Limited IPO:

  • Issue opens – September 06 (Wednesday)
  • Issue closes – September 08 (Friday)
  • Issue size – Rs. 869 crores
  • Price band – Rs. 695 to 735 per equity share
  • Bid lot – 20 shares and in multiples thereof.

Heard about Pre-Apply IPO?

With Espresso’s Pre-Apply IPO feature, you can apply for IPOs before the start date or even after the market hours! Check out these easy-to-follow tutorials:

Quick Video Guides
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website


Quick Visual Walkthroughs
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website

And here are some details of the company and further details on the Jupiter Life Line Hospitals Limited IPO.

  • Jupiter Life Line Hospitals Limited (“JLHL”) was incorporated on November 18, 2002. JLHL is among the key multi-specialty tertiary and quaternary healthcare providers in the Mumbai Metropolitan Area (MMR) and western region of India with a total bed capacity of 1,194 hospital beds across 3 hospitals as of March 31, 2023. 
  • They have been operating for over 15 years as a corporate quaternary care healthcare service provider in densely populated micro markets in the western regions of India and currently operate 3 hospitals under the “Jupiter” brand in Thane, Pune and Indore, with an operational bed capacity (i.e. census and non-census beds) of 950 beds and 1,306 doctors including specialists, physicians and surgeons, as of March 31, 2023. The current operational bed capacity is 961 beds. 
  • They have equipped their hospitals with over 30 specialties, as of March 31, 2023, including key specialties of organ transplant, oncology, orthopaedics, cardiology, paediatrics, neurology, and neurosurgery as well as certain specialised quaternary services and precision-based treatments such as brachytherapy, radiotherapy, robotic knee replacement and robotic neuro rehabilitation.  
  • JLHL commenced operations in 2007 with their hospital in Thane, Maharashtra and subsequently scaled their operations by setting up a hospital in Pune, Maharashtra in 2017 and acquiring a hospital in Indore, Madhya Pradesh in 2020 
  • Each of their hospitals at Thane, Pune and Indore has been certified by the National Accreditation Board for Hospitals & Healthcare Providers (“NABH”) and has been accredited in the field of medical testing by the National Accreditation Board for Testing and Calibration Laboratories (“NABL”). 
  • Their hospitals function on an ‘all-hub-no-spoke’ model with each hospital being a full-service hospital, operating independently and serving the healthcare needs of patients, right from diagnostics to surgery and rehabilitation. Their Thane and Pune hospitals are “greenfield” projects, and all 3 of their hospitals are located on land owned by them on a freehold basis. 
  • They are also currently in the process of developing a multi-specialty hospital in Dombivli, Maharashtra, which is designed to accommodate over 500 beds and has recently commenced construction in April 2023.

Company details:

Issue Size: Rs. 869 crores

Issue break-up:

  • QIB – 50% of the net offer – Rs. 435 crores
  • NIB – 15% of the net offer – Rs. 130 crores
  • RET – 35% of the net offer – Rs. 304 crores

Listing: BSE and NSE

Registrar: KFin Technologies Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Friday, September 08, 2023     

Not an Espresso customer, but still want to apply for the Jupiter Life Line Hospitals Limited IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

Team Espresso
by Team Espresso

We care that you succeed

Bringing readers the latest happenings from the world of Trading and Investments specifically and Finance in general.