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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 ₹735.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹13,900 (20 shares). 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 Date | September 6, 2023 to September 8, 2023 |
| Listing Date | September 18, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹695 to ₹735 per share |
| Issue Price Final | ₹735 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,18,24,163 shares (aggregating up to ₹869.08 Cr) |
| Fresh Issue | 73,74,163 shares (aggregating up to ₹542.00 Cr) |
| Offer for Sale | 44,50,000 shares of ₹10 (aggregating up to ₹327.08 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 6,55,66,022 shares |
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, 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 | Maximum 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%) |
Jupiter Life Line Hospitals IPO raises ₹260.72 crore from anchor investors. Jupiter Life Line Hospitals IPO Anchor bid date is September 5, 2023. Jupiter Life Line Hospitals IPO Anchor Investors list
| Bid Date | September 5, 2023 |
| Shares Offered | 35,47,247 |
| Anchor Portion Size (In Cr.) | 260.72 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 13, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 12, 2023 |
Jupiter Life Line Hospitals IPO opens on September 6, 2023, and closes on September 8, 2023.
| IPO Open Date | Wed, Sep 6, 2023 |
| IPO Close Date | Fri, Sep 8, 2023 |
| Tentative Allotment | Wed, Sep 13, 2023 |
| Initiation of Refunds | Thu, Sep 14, 2023 |
| Credit of Shares to Demat | Fri, Sep 15, 2023 |
| Tentative Listing Date | Mon, Sep 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 8, 2023 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 788.91 | 908.70 | 985.53 |
| Total Income | 490.27 | 737.14 | 902.96 |
| Profit After Tax | -2.30 | 51.13 | 72.91 |
| Net Worth | 246.44 | 288.43 | 363.91 |
| Reserves and Surplus | |||
| Total Borrowing | 425.52 | 495.25 | 468.63 |
The market capitalization of Jupiter Life Line Hospitals IPO is ₹4819.10 Cr.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] 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. Read detail review...
| Listing Date | September 18, 2023 |
| BSE Script Code | 543980 |
| NSE Symbol | JLHL |
| ISIN | INE682M01012 |
| Final Issue Price | ₹735 per share |
| BSE Listing Group | B |
Jupiter Life Line Hospitals Ltd.
1004, 10th Floor, 360 Degree Business Park,
Maharana Pratap Chowk, LBS Marg,
Mulund (West), Mumbai – 400 080
Mulund, Maharashtra
Phone: + 91 22 2172 5623
Email: cs@jupiterhospital.com
Website: https://www.jupiterhospital.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: jupiterlife.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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 ₹869.08 Crores. The issue is priced at ₹735 per share. The minimum order quantity is 20.
The IPO opens on September 6, 2023, and closes on September 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 September 6, 2023 and closes on September 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 Friday, September 15, 2023. Check the Jupiter Life Line Hospitals IPO allotment status.
The Jupiter Life Line Hospitals IPO listing date is on Monday, September 18, 2023.
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