Jupiter Hospitals IPO Details: Jupiter Hospitals IPO date is fixed, the IPO is to hit the market on September 6 and will close on September 8. Jupiter Hospitals IPO to raise around ₹869 crores via IPO that comprises fresh issue of ₹542 and offer for sale up to 4,450,000 Shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
About Jupiter Life Line Hospitals Limited Company
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.
Jupiter Life Line Hospitals IPO Details
Jupiter Life Line Hospitals IPO is a Book Built Issue. The IPO total issue size is Rs 869.08 Cr. The Jupiter Life Line Hospitals IPO price is ₹695 to ₹735 per share. The IPO will list on BSE, NSE.
| IPO Open: | September 6, 2023 |
| IPO Close: | September 8, 2023 |
| IPO Size: | Approx ₹869 Crores |
| Fresh Issue: | Approx ₹542 Crores |
| Offer for Sale: | Approx 4,450,000 Equity Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹695 to ₹735 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
Jupiter Life Line Hospitals IPO Lot Size
The minimum lot size of this Jupiter Life Line Hospitals IPO is 20 shares required is ₹14,700.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 20 | ₹14,700 |
| Retail Maximum | 13 | 260 | ₹191,100 |
| S-HNI Minimum | 14 | 280 | ₹205,800 |
| B-HNI Minimum | 69 | 1,380 | ₹1,014,300 |
Jupiter Life Line Hospitals IPO Financial Information
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹490 | ₹489 | 2.30 |
| 2022 | ₹737 | ₹660 | ₹51.13 |
| 2023 | ₹903 | ₹772 | ₹72.91 |
Jupiter Life Line Hospitals IPO 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 IPO Review
JLLHL is a known chain of Hospitals in the MMR regions and gaining preference due to its high-tech and advanced healthcare services with ultramodern diagnostic services. Based on FY23 earnings, the issue appears fully priced. Post Covid, preference for better-equipped healthcare centres is on the rise and this company is rightly placed in that category. The company also has plans to expand its footprint in the Western Regions. Considering the fancy for the branded chain of hospitals, investors may consider investment for the medium to long term in this issue.
Jupiter Life Line IPO GMP Today
Jupiter Life Line IPO GMP today, or grey market premium today, is ₹95 per share, as per market observers. This means Jupiter Life Line shares are trading higher by ₹95 in the grey market than its issue price.
Considering the upper price band and the GMP today, Jupiter Life Line Hospitals shares are likely to list at ₹830 apiece on the exchanges.
Jupiter Hospitals IPO Valuation – FY2023
Check Jupiter Hospitals IPO valuations details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹13.95 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.03% |
| Net Asset Value (NAV): | ₹64.39 per Equity Share |
Jupiter Hospitals IPO Allotment Status Check
Check Jupiter Hospitals IPO allotment status on Kfin Technologies website allotment URL. Click Here
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