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Jupiter Life Line Hospitals Limited IPO Detail

Jupiter Life Line Hospitals Limited IPO Detail
 

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.

Company Promoters

Dr. Ajay Thakker, Dr. Ankit Thakker, and Western Medical Solutions LLP

IPO Details

IPO Opening DateSep 06, 2023
IPO Closing DateSep 08, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹695 - 735 per equity share
Market Lot20 Shares
Min Order Quantity20 Shares
Listing AtBSE, NSE
Issue Size₹869.08 Cr
Fresh Issue₹542.00 Cr
Offer for Sale₹327.08 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 181.89x - - 36.00x 8.00x 64.80x

IPO Tentative Timetable

The Jupiter Life Line Hospitals Limited IPO open date is Sep 06, 2023, and the close date is Sep 08, 2023. The issue may list on Sep 18, 2023.

IPO Open DateSep 06, 2023
IPO Close DateSep 08, 2023
Basis of Allotment DateSep 13, 2023
Initiation of RefundsSep 14, 2023
Credit of Shares to Demat AccountSep 15, 2023
IPO Listing DateSep 18, 2023

IPO Lot Size

The Jupiter Life Line Hospitals Limited IPO market lot size is 20 shares. A retail-individual investor can apply for up to 13 lots (260 shares or ₹191100).

ApplicationLotsSharesAmount (Cut-off)
Minimum120₹14700
Maximum13260₹191100

IPO Promoter Holding

Pre Issue Share Holding49.79%
Post Issue Share Holding40.91%

Company Financials:

For the year/period ended (₹ in Cr.)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 788.91 490.27 -2.30
31-Mar-22 908.70 737.14 51.13
31-Mar-23 985.53 902.96 72.91

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Repayment/pre-payment, in full or part, of borrowings availed from banks by the company and Material Subsidiary; and
  2. General corporate purposes.

Jupiter Life Line Hospitals Limited IPO Registrar:

KFin Technologies Limited

Jupiter Life Line Hospitals Limited IPO Lead Manager(s):

ICICI Securities Limited Nuvama Wealth Management Limited Jm Financial Limited

Company Contact Information:

Jupiter Life Line Hospitals Limited

1004, 10th Floor, 360 Degree Business Park,

Maharana Pratap Chowk, LBS Marg,

Mulund (West), Mumbai – 400 080