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August 31, 2023 2:39:18 PM
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Jupiter Life Line Hospitals IPO: Jupiter Life Line Hospitals Ltd has raised ₹123 crore in its pre-IPO placement. The company has issued around 16.7 lakh shares at a price of ₹735 apiece to the investors.
The company saw participation from institutional investors, including SBI Magnum Children’s Benefit Fund, SBI Optimal Equity Fund, and SBI Healthcare Opportunities Fund, Neuberger Berman Emerging Markets Equity Fund, Neuberger Berman Europe Holdings LLC, and Neuberger Berman Strategic India Equity Master Fund Holdings Limited, High Conviction Fund - Series 1, Ashoka India Equity Investment Trust PLC, Think India Opportunities Master Fund LP, DC Ikka Ltd.
Because , it's Standalone profit is Around 105cr and Consolidated it's 72.91 There is a high possibility that there is a big adjustment in Financials Or one if it's subsidiary is in Deep Losses
If price Band comes at 735 PE will Be 67.7 Crazy 🤪