Jupiter Lifeline Hospitals IPO Subscription Status:
The Jupiter Lifeline Hospitals IPO has created waves in the market as it achieved a remarkable 63.72 times oversubscription on its third day of offering. The IPO, which opened for subscription on Wednesday, September 6, is set to close today, on Friday, September 8.
Strong Demand Across Investor Segments:
Day 3 witnessed a phenomenal response from both non-institutional investors (NIIs) and qualified institutional buyers (QIBs), while retail investors also showed significant interest.
- Retail Investors’ Portion: Subscribed 7.73 times
- NII Portion: Subscribed 34.75 times
- QIBs Portion: Subscribed 187.32 times
Overall Subscription Figures:
The total bids for Jupiter Lifeline Hospitals IPO reached an astounding 54,14,60,340 shares, surpassing the 84,97,169 shares offered, according to data from the BSE.
- Retail Investors: Received bids for 3,31,19,220 shares against the -42,87,002 shares available.
- Non-Institutional Investors: Received bids for 6,38,46,320 shares against the 18,37,287 shares on offer.
- Qualified Institutional Buyers: Received bids for 44,44,94,800 shares against the 23,72,880 shares allocated.
Previously, Jupiter Lifeline Hospitals IPO was subscribed 87% on day 1, and the issue was subscribed 3.30 times on day 2.
Jupiter Lifeline Hospitals IPO Details:
The IPO comprises a fresh issue of 73.74 lakh shares amounting to ₹542 crore and an offer for sale (OFS) portion consisting of 44.5 lakh shares priced at ₹10 each, totaling ₹869.08 crore. The proceeds from the fresh issue will be utilized to repay debts from banks and meet general corporate needs.
Anchor Investors Show Confidence:
Jupiter Lifeline Hospitals IPO garnered ₹261 crore from anchor investors on Tuesday, September 5. Notably, 35.47 lakh equity shares were allocated to 39 entities at ₹735 apiece, the upper end of the price band, which is fixed at ₹695-735 per share.
Anchor investors include Singapore Government, Abu Dhabi Investment Authority, Goldman Sachs, Fidelity Funds, Nomura, HDFC Mutual Fund, Nippon India MF, Axis MF, Kotak Mahindra MF, Aditya Birla Sun Life MF, SBI Life Insurance Company, and HDFC Life Insurance.
ICICI Securities, Edelweiss Financial Services, and JM Financial are the book-running lead managers for the IPO, with Kfin Technologies Ltd serving as the registrar to the issue.
Jupiter Lifeline Hospitals IPO GMP Today:
The grey market premium for Jupiter Lifeline Hospitals IPO stands at +225, consistent with the previous two trading sessions. This suggests that the shares are trading at a premium of ₹225 in the grey market as of Friday, according to topsharebrokers.com.
Considering the upper end of the IPO price band and the current grey market premium, the estimated listing price of Jupiter Lifeline Hospitals shares is ₹960 apiece, representing a 30.61% increase over the IPO price of ₹735.
The grey market premium (GMP) reflects investors’ willingness to pay more than the issue price.
Jupiter Lifeline Hospitals IPO Review:
Several brokerage firms, including SBI Securities, Nirmal Bang, Reliance Securities, Hensex Securities, Sushil Finance, Ventura Securities, Dalal & Broacha, BP Wealth, and SMIFS Ltd, have given the IPO a “Subscribe” rating.
About Jupiter Lifeline Hospitals:
Jupiter Life Line Hospitals Ltd. is dedicated to delivering comprehensive healthcare services. Our offerings encompass anesthesia, maternity care, blood banking, heart and lung transplantation, cardiac healthcare, cerebral palsy clinic services, cosmetic surgery, gynecology and obstetrics, gastroenterology, and general medicine.
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