The Jupiter Life Line Hospitals IPO started on September 6, 2023, and ended on September 8, 2023. Shares were allocated on September 13, 2023, and refund processes began on September 14, 2023. On September 15, 2023, the shares were credited to investors demat accounts. Jupiter Life Line Hospitals was officially listed on the stock exchange on September 18, 2023.
During the IPO, Jupiter Life Line Hospitals offered shares at a price range of ₹695 to ₹735 per share, and the lot size was 20 shares. The total issue size was ₹869.08 crores, with ₹542.00 crores from new shares and ₹327.08 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Jupiter Lifeline Hospitals IPO Subscription Update Video
Jupiter Life Line Hospitals IPO Subscription Status
The Jupiter Life Line Hospitals IPO on September 8, 2023 was subscribed 64.80 times, with the retail category being subscribed 8.00 times, the NII (Non-Institutional Investor) category being subscribed 36.00 times, the QIB (Qualified-Institutional Buyers) category being subscribed 181.89 times.
| Category | Subscription |
| QIB | 181.89x |
| NII | 36.00x |
| Retail | 8.00x |
| Total | 64.80x |
Jupiter Life Line Hospitals IPO Basic Details
| Company Name | Jupiter Life Line Hospitals Limited |
| Domain of Company | Operate Multi-specialty Hospital |
| IPO Open Date | September 6, 2023 |
| IPO Close Date | September 8, 2023 |
| IPO Allotment Date | September 13, 2023 |
| IPO Listing Date | September 18, 2023 |
| Face Value | ₹10 per share |
| Price | ₹695 to ₹735 per share |
| Lot Size | 20 Shares |
| Issue Size | 11,824,163 shares of ₹10 (aggregating up to ₹869.08 Cr) |
| Fresh Issue | 7,374,163 shares of ₹10 (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 | NSE, BSE |
| Company Promoters | Dr. Ajay Thakker, Dr. Ankit Thakker And Western Medical Solutions LLP |
About Jupiter Life Line Hospitals Limited
Founded in 2007, Jupiter Life Line Hospitals Limited is a leading healthcare provider serving the Mumbai Metropolitan Area (MMR) and the western region of India.
Under the “Jupiter” brand, the company currently operates three hospitals in Thane, Pune, and Indore, offering a total of 1,194 beds and a medical team comprising 1,306 doctors, including specialists, physicians, and surgeons, as of March 31, 2023. Furthermore, they are in the process of constructing a new multi-specialty hospital in Dombivli, Maharashtra, set to accommodate over 500 beds, with construction starting in April 2023.
Jupiter Life Line Hospitals stands out in the western region of India for its advanced healthcare services, including dedicated robotic and computer-assisted neuro-rehabilitation at its Thane and Indore hospitals. They also operate one of the few multi-organ transplant centers in Thane. All of their hospitals in Thane, Pune, and Indore hold certifications from the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and are accredited in medical testing by the National Accreditation Board for Testing and Calibration Laboratories (NABL).
In terms of revenue, the company’s inpatient and outpatient earnings are distributed among its hospitals, with Thane, Pune, and Indore hospitals contributing 54.18%, 34.03%, and 11.79%, respectively, to their fiscal year 2023 operations revenue.
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Jupiter Life Line Hospitals IPO FAQs
What is the start and end date of Jupiter Life Line Hospitals IPO Subscription?
The Jupiter Life Line Hospitals IPO started on September 6, 2023, and ended on September 8, 2023.
When does Jupiter Life Line Hospitals IPO Subscription open?
The Jupiter Life Line Hospitals IPO open on September 6, 2023.
When does Jupiter Life Line Hospitals IPO Subscription close?
The Jupiter Life Line Hospitals IPO Close on September 8, 2023.
What is the allotment date of Jupiter Life Line Hospitals IPO?
The allotment date for Jupiter Life Line Hospitals IPO is September 13, 2023.
When is the initial refund date of Jupiter Life Line Hospitals IPO?
The initial Refund date for Jupiter Life Line Hospitals IPO is September 14, 2023.
When were the shares credited to investors demat accounts for the Jupiter Life Line Hospitals IPO?
The shares for the Jupiter Life Line Hospitals IPO were credited to investors demat accounts on September 15, 2023.
When will Jupiter Life Line Hospitals IPO be listed on the stock market?
Jupiter Life Line Hospitals IPO stock market will be listed on September 18, 2023 at 10 am.
What was the price range of the Jupiter Life Line Hospitals IPO shares?
The Jupiter Life Line Hospitals IPO shares were offered at a price range of ₹695 to ₹735 per share.
What was the lot size for the Jupiter Life Line Hospitals IPO shares?
The lot size for the Jupiter Life Line Hospitals IPO shares was 20 shares.
What was the total issue size of the Jupiter Life Line Hospitals IPO?
The total issue size of the Jupiter Life Line Hospitals IPO was ₹869.08 crores.
How were the shares allocated among different types of investors for the Jupiter Life Line Hospitals IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Jupiter Life Line Hospitals IPO listed?
The Jupiter Life Line Hospitals IPO was listed on both the NSE and BSE.
What is the Jupiter Life Line Hospitals IPO Subscription Status?
Jupiter Life Line Hospitals IPO is subscribed 00 Times.
