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Jupiter Life Line Hospitals IPO GMP, Price, Dates & Allotment Details 2023

Jupiter Life Line Hospitals IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The Jupiter Life Line Hospitals IPO will open on September 6 and close on September 8, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 869.08 crores through this public issue.

Jupiter Life Line Hospitals Limited (“the Company”)

Jupiter Life Line Hospitals Limited was incorporated in 2007. It is one of the leading 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 three hospitals. December 31, 2022 (Source: Crisil Report)
It has been operating for over 15 years as a corporate quaternary care healthcare provider in densely populated micro-markets in the western regions of India and currently operates three hospitals under the “Jupiter” brand in Thane, Pune, and Indore. which have an operational bed capacity (i.e., census and non-census beds) as of the date of this Draft Red Herring Prospectus, 950 beds and 900 beds, respectively, by December 31, 2022, and 1,246 doctors, including specialists, physicians, and surgeons, by December 31, 2022. They are currently operating in Dombivali, Maharashtra. A multi-specialty hospital is in the process of being developed, which is designed to accommodate more than 500 beds and recently started construction in April 2023.
They will have equipped their hospitals with over 30 specialties by December 31, 2022, including the core specialties of organ transplantation, oncology, orthopedics, cardiology, pediatrics, neurology, and neurosurgery, along with some specialized quaternary services and precision medicine like brachytherapy-based treatments, radiotherapy, robotic knee replacement,  and robotic neurorehabilitation.

Company Key Metrics

Earning Per Share (EPS)₹ 13.95 per Equity Share
ROE20.03%
ROCE20.94%
Return on Net Worth (RoNW)20.03%

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding 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.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth363.91288.43246.44
Total Assets985.53908.70788.91
Total Borrowings468.63495.25425.52
Total Revenue902.96737.14490.27
Profit After Tax72.9151.13(2.30)
(Amount in ₹ Crore)

IPO details

Issue TypeBook Built Issue IPO
IPO Price₹ 695 to ₹ 735 per share
Face Value₹ 10 per share
Market Lot20 shares
Issue Size11,824,163 shares (aggregating up to ₹ 869.08 crores)
Fresh Issue7,374,163 shares (aggregating up to ₹ 542 crores)
Offer for Sale4,450,000 shares (aggregating up to ₹ 327.08 crores)
Listing AtNSE and BSE

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net offer
NII (HNI) shares offeredNot less than 15% of the Offer
Retail shares offeredNot less than 35% of the Offer

GMP: Jupiter Life Line Hospitals IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: Jupiter Life Line Hospitals IPO

The issue opens for subscription on September 6, 2023, and closes for subscription on September 8, 2023 (both days inclusive). The basis of allotment will be finalised on September 13, 2023, and the refunds will be initiated on September 14, 2023. In addition, the demat credits are expected to happen on September 15, 2023, and the stock will be listed on the NSE and BSE on September 18, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateSeptember 6, 2023
Closing DateSeptember 8, 2023
Basis of AllotmentSeptember 13, 2023
Initiation of RefundsSeptember 14, 2023
A credit of shares to Demat A/cSeptember 15, 2023
Listing DateSeptember 18, 2023

Lot Size

The lot size of the Jupiter Life Line Hospitals IPO is 20 shares. A retail-individual investor can apply for up to 13 lots, i.e. 260 shares of ₹ 191,100.

ApplicationsLotsSharesAmount 
Retail (Minimum)120₹ 14,700
Retail (Maximum)13260₹ 191,100
S-HNI (Minimum)14280₹ 205,800
S-HNI (Maximum)681,360₹ 999,600
B-HNI (Minimum)691,380₹ 1,014,300

Promoters Holdings 

Dr. Ajay Thakker, Dr. Ankit Thakker, and Western Medical Solutions LLP are the promoters of the company.

Pre-issue Shares Holdings40.69%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationJupiter Life Line Hospitals Limited
1004, 10th Floor, 360 Degree Business Park, Maharana Pratap Chowk,
LBS Marg,Mulund (West), Mumbai – 400 080
Phone: + 91 22 2172 5623
Email: [email protected]
Website: https://www.jupiterhospital.com/
IPO RegistrarKFIN Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Manager(s)ICICI Securities Limited
Nuvama Wealth Management Limited
JM Financial Limited

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