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 LLPIPO Details
IPO Opening Date | Sep 06, 2023 |
IPO Closing Date | Sep 08, 2023 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹695 - 735 per equity share |
Market Lot | 20 Shares |
Min Order Quantity | 20 Shares |
Listing At | BSE, 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 Date | Sep 06, 2023 |
IPO Close Date | Sep 08, 2023 |
Basis of Allotment Date | Sep 13, 2023 |
Initiation of Refunds | Sep 14, 2023 |
Credit of Shares to Demat Account | Sep 15, 2023 |
IPO Listing Date | Sep 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 20 | ₹14700 |
Maximum | 13 | 260 | ₹191100 |
IPO Promoter Holding
Pre Issue Share Holding | 49.79% |
Post Issue Share Holding | 40.91% |
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:
- Repayment/pre-payment, in full or part, of borrowings availed from banks by the company and Material Subsidiary; and
- 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