Bookbuilding IPO | ₹869 Cr | Listed at BSE, NSE | Wed, Sep 6, 2023 - Fri, Sep 8, 2023
Jupiter Life Line Hospitals IPO is a book build issue of ₹869.08 crores. The issue is a combination of fresh issue of 0.74 crore shares aggregating to ₹542.00 crores and offer for sale of 0.45 crore shares aggregating to ₹327.08 crores.
Jupiter Life Line Hospitals IPO bidding started from Sep 6, 2023 and ended on Sep 8, 2023. The allotment for Jupiter Life Line Hospitals IPO was finalized on Sep 13, 2023. The shares got listed on BSE, NSE on Sep 18, 2023.
Jupiter Life Line Hospitals IPO price band is set at ₹735 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹14,700 (20 shares) (based on upper price). The lot size investment for sNII is 14 lots (280 shares), amounting to ₹2,05,800, and for bNII, it is 69 lots (1,380 shares), amounting to ₹10,14,300.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Jupiter Life Line Hospitals IPO RHP for detailed Information.
IPO Open
Wed, Sep 6, 2023
IPO Close
Fri, Sep 8, 2023
Issue Price
₹735 per share
Market Cap (Pre-IPO)
₹4,819.10 Cr
| IPO Date | 6 to 8 Sep, 2023 |
| Listed on | Mon, Sep 18, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹695 to ₹735 |
| Issue Price | ₹735 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,18,24,163 shares (agg. up to ₹869 Cr) |
| Fresh Issue | 73,74,163 shares (agg. up to ₹542 Cr) |
| Offer for Sale | 44,50,000 shares of ₹10 (agg. up to ₹327 Cr) |
| Share Holding Post Issue | 6,55,66,022 shares |
| BSE Script Code / NSE Symbol | 543980 / JLHL |
| ISIN | INE682M01012 |
Jupiter Life Line Hospitals IPO offers total 1,18,24,163 shares. Out of which 59,12,080 (50.00%) allocated to QIB, 23,64,833 (20.00%) allocated to QIB (Ex- Anchor), 17,73,625 (15.00%) allocated to NII 41,38,458 (35.00%) allocated to RII and 35,47,247 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 59,12,080 (50.00%) | NA |
| − Anchor Investor Shares Offered | 35,47,247 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 23,64,833 (20.00%) | NA |
| NII (HNI) Shares Offered | 17,73,625 (15.00%) | NA |
| − bNII > ₹10L | 11,82,416 (10.00%) | 4,222 |
| − sNII < ₹10L | 5,91,209 (5.00%) | 2,111 |
| Retail Shares Offered | 41,38,458 (35.00%) | 2,06,922 |
| Total Shares Offered | 1,18,24,163 (100.00%) |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,700 |
| Retail (Max) | 13 | 260 | ₹1,91,100 |
| S-HNI (Min) | 14 | 280 | ₹2,05,800 |
| S-HNI (Max) | 68 | 1,360 | ₹9,99,600 |
| B-HNI (Min) | 69 | 1,380 | ₹10,14,300 |
Jupiter Life Line Hospitals IPO raises ₹260.72 crore from anchor investors. Jupiter Life Line Hospitals IPO Anchor bid date is September 5, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 5, 2023 |
| Shares Offered | 35,47,247 |
| Anchor Portion (₹ Cr.) | 260.72 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Oct 13, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 12, 2023 |
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.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 985.53 | 908.70 | 788.91 |
| Total Income | 902.96 | 737.14 | 490.27 |
| Profit After Tax | 72.91 | 51.13 | -2.30 |
| NET Worth | 363.91 | 288.43 | 246.44 |
| Total Borrowing | 468.63 | 495.25 | 425.52 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of borrowings availed from banks by the Company and Material Subsidiary;and | 510.16 |
| 2 | General corporate purposes | 1.16 |
| KPI | |
|---|---|
| ROE | 20.03% |
| ROCE | 20.94% |
| RoNW | 20.03% |
| PAT Margin | -0.47% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.95 | |
| P/E (x) | 52.68 | 66.1 |
| Promoter Holding | 49.79% | 40.91% |
| Market Cap | ₹4,819.10 Cr. |
The Jupiter Life Line Hospitals IPO is subscribed 64.8 times on September 8, 2023 7:02:00 PM (Day 3). The public issue subscribed 8 times in the retail category, 181.89 times in the QIB category, and 36 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 181.89 | 24,43,743 | 44,44,94,800 |
| NII | 36 | 17,73,625 | 6,38,46,320 |
| bNII (bids above ₹10L) | 40.64 | 11,82,416 | 4,80,57,860 |
| sNII (bids below ₹10L) | 26.71 | 5,91,209 | 1,57,88,460 |
| Retail | 8 | 41,38,458 | 3,31,19,240 |
| Total | 64.8 | 83,55,826 | 54,14,60,360 |
Total Application : 14,60,441
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission | 28.10 |
| 2 | Selling commission payable to SCSBs for Bids directly procured by them and processing fees payable to SCSBs for Bids (other than Bids submitted by UPI Bidders using the UPI Mechanism) procured by the members of the Syndicate, the Registered Brokers, CRTAs or CDPs and submitted to SCSBs for blocking, Bankers to the Offer, fees payable to the Sponsor Bank for Bids made by RIBs and the selling commission and uploading charges payable to members of the Syndicate (including the | 2.28 |
| 3 | Processing fees payable to the Sponsor Bank | 0.10 |
| 4 | Fees payable to Registrar to the Offer | 0.33 |
| 5 | Printing and stationery expenses | 1.16 |
| 6 | Advertising and marketing expenses | 2.15 |
| 7 | Listing fees, SEBI fees, BSE and NSE processing fees, book-building software fees, and other regulatory expenses | 4.38 |
| 8 | Fees payable to legal counsels | 5.76 |
| 9 | Fees payable to the Statutory Auditor | 0.30 |
| 10 | Fees payable to advisors to the Offer | 0.59 |
| 11 | Miscellaneous | 0.64 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹735.00 | ₹735.00 |
| Open | ₹960.00 | ₹973.00 |
| Low | ₹960.00 | ₹970.00 |
| High | ₹1,107.50 | ₹1,108.95 |
| Last Trade | ₹1,075.25 | ₹1,075.75 |
Lead Manager Reports
Jupiter Life Line Hospitals IPO is a main-board IPO of 1,18,24,163 equity shares of the face value of ₹10 aggregating up to ₹869 Crores. The issue is priced at ₹735 per share. The minimum order quantity is 20.
The IPO opens on Wed, Sep 6, 2023, and closes on Fri, Sep 8, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Jupiter Life Line Hospitals IPO using UPI as a payment gateway. Zerodha customers can apply in Jupiter Life Line Hospitals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jupiter Life Line Hospitals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jupiter Life Line Hospitals IPO opens on Wed, Sep 6, 2023 and closes on Fri, Sep 8, 2023.
Jupiter Life Line Hospitals IPO lot size is 20, and the minimum amount required for application is ₹14,700.
You can apply in Jupiter Life Line Hospitals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Jupiter Life Line Hospitals IPO will be done on Wednesday, September 13, 2023, and the allotted shares will be credited to your demat account by Fri, Sep 15, 2023. Check the Jupiter Life Line Hospitals IPO allotment status.
The Jupiter Life Line Hospitals IPO listing date is on Mon, Sep 18, 2023.
