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Jupiter Life Line Hospitals IPO is a book built issue of Rs 869.08 crores. The issue is a combination of fresh issue of 0.74 crore shares aggregating to Rs 542.00 crores and offer for sale of 0.44 crore shares aggregating to Rs 327.08 crores.
Jupiter Life Line Hospitals IPO bidding started from September 6, 2023 and ended on September 8, 2023. The allotment for Jupiter Life Line Hospitals IPO was finalized on Wednesday, September 13, 2023. The shares got listed on BSE, NSE on September 18, 2023.
Jupiter Life Line Hospitals IPO price band is set at ₹695 to ₹735 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹14,700. The minimum lot size investment for sNII is 14 lots (280 shares), amounting to ₹205,800, and for bNII, it is 69 lots (1,380 shares), amounting to ₹1,014,300.
ICICI Securities Limited, Nuvama Wealth Management Limited and Jm Financial Limited are the book running lead managers of the Jupiter Life Line Hospitals IPO, while Kfin Technologies Limited is the registrar for 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 |
| Price Band | ₹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 |
| Share holding pre issue | 58,191,859 |
| Share holding post issue | 65,566,022 |
Jupiter Life Line Hospitals IPO offers 11,903,073 shares. 2,443,743 (20.53%) to QIB, 1,773,625 (14.90%) to NII, 4,138,458 (34.77%) to RII 3,547,247 (29.80%) to Anchor investors. 206,922 RIIs will receive minimum 20 shares and 2,111 (sNII) and 4,222 (bNII) will receive minimum 280 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,547,247 (29.80%) | NA |
| QIB Shares Offered | 2,443,743 (20.53%) | NA |
| NII (HNI) Shares Offered | 1,773,625 (14.90%) | |
| bNII > ₹10L | 1,182,416 (9.93%) | 4,222 |
| sNII < ₹10L | 591,209 (4.97%) | 2,111 |
| Retail Shares Offered | 4,138,458 (34.77%) | 206,922 |
| Total Shares Offered | 11,903,073 (100%) |
Jupiter Life Line Hospitals IPO raises Rs 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 | 3,547,247 |
| 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 | 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 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
Dr. Ajay Thakker, Dr. Ankit Thakker, and Western Medical Solutions LLP are the promoters of the company.
| Share Holding Pre Issue | 49.79% |
| Share Holding Post Issue | 40.91% |
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 |
| 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 Hospitals IPO is Rs 4819.1 Cr.
| KPI | Values |
|---|---|
| ROE | 20.03% |
| ROCE | 20.94% |
| RoNW | 20.03% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.95 | |
| P/E (x) | 52.68 | 66.1 |
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...
The Jupiter Life Line Hospitals IPO is subscribed 64.80 times on September 8, 2023 7:02:00 PM. The public issue subscribed 8.00 times in the retail category, 181.89 times in the QIB category, and 36.00 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 181.89 |
| NII | 36.00 |
| bNII (bids above ₹10L) | 40.64 |
| sNII (bids below ₹10L) | 26.71 |
| Retail | 8.00 |
| Total | 64.80 |
Total Application : 1,460,441 (7.06 times)
| Listing Date | September 18, 2023 |
| BSE Script Code | 543980 |
| NSE Symbol | JLHL |
| ISIN | INE682M01012 |
| Final Issue Price | ₹735 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹735.00 |
| ₹960.00 |
| ₹960.00 |
| ₹1,107.50 |
| ₹1,075.25 |
| NSE |
|---|
| ₹735.00 |
| ₹973.00 |
| ₹970.00 |
| ₹1,108.95 |
| ₹1,075.75 |
Jupiter 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: cs@jupiterhospital.com
Website: https://www.jupiterhospital.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jupiterlife.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Jupiter Life Line Hospitals IPO is a main-board IPO of 11,824,163 equity shares of the face value of ₹10 aggregating up to ₹869.08 Crores. The issue is priced at ₹695 to ₹735 per share. The minimum order quantity is 20 Shares.
The IPO opens on September 6, 2023, and closes on September 8, 2023.
Kfin Technologies Limited 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 Shares, and the minimum amount required is ₹14,700.
You can apply in Jupiter Life Line Hospitals IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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