Jupiter Hospital is into Healthcare Hospitals and is looking raise funds through Fresh Issue and Offer for Sale
Jupiter Hospital IPO Update:
Jupiter Life Line Hospitals Limited IPO: Mumbai based Jupiter Life Line Hospitals Limited established in the year 2002 and is into Healthcare - Hospitals sector.
Company is promoted by Dr. Ajay Thakker, Dr. Ankit Thakker andWestern Medical Solutions LLP. Pre-Offer Promoter and Promoter group stake in the company is 49.79%.
Jupiter Life Line Hospitals Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR 869 Crores calculated on upper price band (face value of INR 10 per share) via initial public offering.
Initial Public Offer comprising of a Fresh Issue aggregating up to Rs. 615 crores and an Offer for Sale up to 4,450,000 Equity Share.. ICICI Securities, Edelweiss Financial Services, JM Financial have been appointed as lead merchant bankers for the proposed IPO. It has appointed KFin Technologies Ltd. as Registrar and Share transfer Agent.
Details about upcoming IPO:
As per the details available in RHP, Price band is Rs 695 to Rs 735 with lot size of 20 shares and in multiples thereof. Objects of the issue is 1) Repayment/pre-payment, in full or part, of borrowings availed from banks by the Company and Material Subsidiary amounting to Rs. 463.9 crores, and 2) General corporate purpose.
IPO Dates:
IPO will open on September 06, 2023 and close on September 06, 2023. Tentative date of listing on stock exchanges is September 18, 2023
About Industry:
The healthcare market for West India is expected to grow at a CAGR of 16% from ₹ 1.15 trillion in Fiscal 2022 to ₹ 2.25 trillion by Fiscal 2027. Lower penetration of chained hospitals, high populationdensity of the region, increasing average revenue per occupied bed figures of private players in the region and increasing penetration of health insurance in the region are expected to drive the growth of the healthcare delivery market in the western region of India. The western region being better served by health insurance will also support the growth of healthcare delivery market. (Source: CRISIL Report)
Want to know more details about the IPO, please visit here Jupiter Life Line Hospitals Limited
Source: SEBI, BSE, NSE, DRHP, Jupiter Hospital, Industry Data
Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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