Jupiter Life Line Hospital IPO Price: ₹695 to ₹735 per share
IPO Date Range: Sep 6, 2023 - Sep 8, 2023
Established in 2007, Jupiter Life Line Hospitals Limited is a leading multi-speciality healthcare provider in the Mumbai Metropolitan Area and the broader western region of India. The company operates under the renowned "Jupiter" brand, with three state-of-the-art hospitals in Thane, Pune, and Indore.
These facilities collectively offer a bed capacity of 1,194 and are backed by a team of 1,306 medical professionals, including specialists and surgeons.
Jupiter Life Line Hospitals is in the process of constructing a new multi-speciality hospital in Dombivli, Maharashtra. This facility, set to house over 500 beds, began its construction phase in April 2023.
The company's Thane and Indore hospitals are among the few in western India providing specialized neuro-rehabilitation services through advanced robotic and computer-assisted centres. Additionally, the Thane Hospital boasts one of the region's rare multi-organ transplant centres. All the hospitals have received accreditation from the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and the National Accreditation Board for Testing and Calibration Laboratories (NABL).
Revenue Distribution by Hospital (FY 2023): A breakdown of how the revenue is distributed across the company's different hospitals.
| IPO Date | Sep 6, 2023 to Sep 8, 2023 |
| Listing Date | Sep 18, 2023 |
| Face Value | ₹10 per share |
| Price | ₹695 to ₹735 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 11,824,163 shares (aggregating up to ₹869.08 Cr) |
| Fresh Issue | 7,374,163 shares (aggregating up to ₹542.00 Cr) |
| Offer for Sale | 4,450,000 shares of ₹10 (aggregating up to ₹327.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 58,191,859 |
| Shareholding post issue | 65,566,022 |
For Jupiter Life Line Hospital, the minimum lot size is 20 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,700 |
| Retail (Max) | 13 | 260 | ₹191,100 |
| S-HNI (Min) | 14 | 280 | ₹205,800 |
| S-HNI (Max) | 68 | 1,360 | ₹999,600 |
| B-HNI (Min) | 69 | 1,380 | ₹1,014,300 |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| IPO Open Date | Wednesday, September 6, 2023 |
| IPO Close Date | Friday, September 8, 2023 |
| Basis of Allotment | Wednesday, September 13, 2023 |
| Initiation of Refunds | Thursday, September 14, 2023 |
| Credit of Shares to Demat | Friday, September 15, 2023 |
| Listing Date | Monday, September 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 8, 2023 |
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Jupiter Life Line Hospital reported assets of ₹985.53 Cr and a revenue of ₹902.96 Cr as of Mar 31, 2023. Here you can get the complete data of past three years:
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 788.91 | 908.70 | 985.53 |
| Revenue | 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 Hospital IPO stands at Rs 4819.1 Crore, with a P/E ratio of 52.68.
| KPI | Values |
|---|---|
| P/E (x) | 52.68 |
| Market Cap (₹ Cr.) | 4819.1 |
| ROE | 20.03% |
| ROCE | 20.94% |
| Debt/Equity | 2.17 |
| EPS (Rs) | 13.95 |
| RoNW | 20.03% |
Jupiter Life Line Hospital Limited aims to raise funds through this IPO for the following objectives:
Prospectus: Official documents that provide detailed information about the IPO and the company. Jupiter Life Line Hospital IPO DRHP and Jupiter Life Line Hospital IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
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