Jupiter Lifeline Hospitals IPO Details ( Jupiter Life Line Hospitals Limited IPO Review )
(6 Sep 2023 – 8 Sep 2023)
Established in 2007, Jupiter Life Line Hospitals Limited is a healthcare provider serving the Mumbai Metropolitan Area (MMR) and the western region of India. They specialize in a wide range of medical services.
Jupiter Life Line Hospitals currently operates three hospitals under the “Jupiter” brand in Thane, Pune, and Indore. These hospitals have a total of 1,194 operational beds and employ 1,306 doctors, including specialists, physicians, and surgeons, as of March 31, 2023. They are also in the process of building a new multi-specialty hospital in Dombivli, Maharashtra, which will have more than 500 beds, and construction began in April 2023.
Notably, the Thane and Indore hospitals are known for their advanced neuro-rehabilitation services, featuring a dedicated robotic and computer-assisted neuro-rehabilitation center. Furthermore, the company operates one of the few multi-organ transplant centers in Thane. All of their hospitals in Thane, Pune, and Indore have received accreditation from the National Accreditation Board for Hospitals & Healthcare Providers (NABH), and they are also accredited in the field of medical testing by the National Accreditation Board for Testing and Calibration Laboratories (NABL).
In terms of revenue, Jupiter Life Line Hospitals’ inpatient and outpatient services are well-diversified across its hospitals. In the fiscal year 2023, the Thane, Pune, and Indore hospitals contributed 54.18%, 34.03%, and 11.79%, respectively, to the company’s revenue from operations.
Jupiter LifeLine Hospitals Limited IPO Competitive Strength
- Key multi-specialty tertiary and quaternary healthcare provider with a track record of over 15 years, strong brand recognition and clinical expertise
- ‘All-hub-no-spoke’ model with focus on quality patient care supported by modern infrastructure and technological capabilities
- Ability to attract and retain skilled and experienced healthcare professionals
- Track-record of operational and financial performance with a diversified revenue mix
- Experienced and qualified professional management team with a focus on environmental, social and governance (“ESG”) initiatives
Jupiter Life Line Hospitals IPO Financials Performance ( Results )
Jupiter Life Line Hospitals Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 788.91 | 490.27 | -2.30 | -0.45 | 246.44 | 425.52 | |
| 31-Mar-22 | 908.70 | 737.14 | 51.13 | 9.65 | 288.43 | 495.25 | |
| 31-Mar-23 | 985.53 | 902.96 | 72.91 | 12.95 | 363.91 | 468.63 |
Objective of IPO Issue
- Repayment/pre-payment, in full or part, of borrowings availed from banks by the company and Material Subsidiary
- General corporate purposes
Jupiter Life Line Hospitals IPO Basic Details
| IPO Date | Sep 6, 2023 to Sep 8, 2023 |
| Listing Date | Tuesday, 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 |
| Share holding pre issue | 58,191,859 |
| Share holding post issue | 65,566,022 |
| Company Promoters | Dr. Ajay Thakker, Dr. Ankit Thakker And Western Medical Solutions LLP |
Jupiter Life Line Hospitals IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Jupiter Life Line Hospitals IPO Timetable
Jupiter Life Line Hospitals IPO will open on September 6, 2023 and close on September 8, 2023. You can join Jupiter Life Line Hospitals IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 6 September 2023 (Wednesday) |
| Closing Date | 8 September 2023 (Friday) |
| Basis of Allotment | 13 September 2023 (Wednesday) |
| Initiation of Refunds | 14 September 2023 (Thursday) |
| Credit of Shares to Demat | 15 September 2023 (Friday) |
| Listing Date | 18 September 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 8 September 2023 |
Jupiter Hospital IPO Lot Size
For retail investors in Jupiter Hospital IPO, 20 shares will come in 1 lot or the minimum investment will be ₹14,700. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹191,100.
| 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 | 1360 | ₹999,600 |
| B-HNI (Min) | 69 | 1380 | ₹1,014,300 |
Jupiter Life Line Hospitals IPO Promoter Holding
The company’s promoters include Dr. Ajay Thakker, Dr. Ankit Thakker And Western Medical Solutions LLP.
| Pre Issue Share Holding | 40.69% |
| Post Issue Share Holding | – |
Jupiter Life Line Hospitals Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 4819.1 |
| Earning Per Share (EPS) | ₹12.95 per Equity Share |
| Net Asset Value (NAV) | ₹64.39 per Equity Share |
| P/E Ratio (P/E) (x) | 52.68 |
| Return on Net Worth (RoNW) (%) | 20.03 |
| Return on equity (ROE) (%) | 20.03 |
| Return on Capital Employed (ROCE) (%) | 20.94 |
| Debt/Equity Ratio | 1.29 |
Jupiter Life Line Hospitals Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Jupiter Life Line Hospitals Limited | Consolidated | N.A | 10.0 | 12.95 | 52.68 | 20.03 | 64.39 |
| Peer Group | |||||||
| Apollo Hospitals Enterprise Limited | Consolidated | 4,822.00 | 5.0 | 56.97 | 84.64 | 16.40 | 378.33 |
| Fortis Healthcare Limited | Consolidated | 314.05 | 10.0 | 7.80 | 40.26 | 20.90 | 46.67 |
| Max Healthcare Institute Limited | Consolidated | 522.20 | 10.0 | 11.36 | 45.97 | 62.80 | 24.14 |
| Narayana Hrudayalaya Limited | Consolidated | 989.20 | 10.0 | 29.85 | 33.14 | 35.40 | 90.50 |
| Global Health Limited | Consolidated | 675.00 | 2.0 | 12.57 | 53.70 | 16.20 | 90.35 |
| Krishna Institute of Medical Sciences Limited | Consolidated | 1,895.00 | 10.0 | 42.03 | 45.09 | 25.70 | 193.96 |
Jupiter Life Line Hospitals IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 6 September 2023 | ₹225 | – | – |
| 5 September 2023 | ₹225 | – | – |
| 4 September 2023 | ₹225 | – | – |
| 3 September 2023 | ₹210 | – | – |
| 2 September 2023 | ₹210 | – | – |
| 1 September 2023 | ₹190 | – | – |
Jupiter Life Line Hospitals IPO Detail Video:
Jupiter Hospitals IPO Subscription Status (Bidding Detail)
The Jupiter Hospitals IPO on September 8, 2023 at 7:30:00 PM 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, 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 Prospectus
| Jupiter Life Line Hospitals IPO DRHP | Download |
| Jupiter Life Line Hospitals IPO RHP | Download |
| Jupiter Life Line Hospitals IPO Anchor Investors Details PDF | Download |
Jupiter Life Line Hospitals IPO Rating
| Our Rating | 3.0/5.0 |
Jupiter Life Line Hospitals Company Contact Information
Jupiter Life Line Hospitals Limited
Corporate Identity Number: U85100MH2002PLC137908
Website: www.jupiterhospital.com
Registered Office: 1004, 10th Floor, 360 Degree Business Park,
Maharana Pratap Chowk, LBS Marg, Mulund (West),
Mumbai – 400 080, Maharashtra, India
Corporate Office: Jupiter Hospital, Eastern Express Highway,
Thane (West), Mumbai – 400 601 Maharashtra, India
Contact Person: Suma Upparatti, Company Secretary and Compliance Officer
Telephone: +91 22 2172 5623
Email: cs@jupiterhospital.com
Our Promoters: Dr. Ajay Thakker, Dr. Ankit Thakker And Western Medical Solutions Llp
Jupiter Life Line Hospitals IPO Registrar
KFin Technologies Limited
Registered Office: Selenium Tower B, Plot No. 31 & 32, Gachibowli
Financial District, Nanakramguda, Serilingampally
Hyderabad– 500 032
Telangana, India
Telephone: +91 40 6716 2222
Email: jupiterlife.ipo@kfintech.com
Investor grievance email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: M Murali Krishna
SEBI registration no: INR000000221
Jupiter Life Line Hospitals IPO Lead Manager
ICICI Securities Limited
Registered Office: ICICI Venture House
Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025
Maharashtra, India
Telephone: +91 22 6807 7100
Email: jupiterhospital.ipo@icicisecurities.com
Investor grievance email:
customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact person: Sameer Purohit/ Gaurav Mittal
SEBI registration no: INM000011179
Nuvama Wealth Management Limited
Registered Office: 801 – 804, Wing A, Building No 3
Inspire BKC, G Block
Bandra Kurla Complex, Bandra East
Mumbai – 400 051
Maharashtra, India
Telephone: +91 22 4009 4400
Email: Jupiterhospitals.Ipo@nuvama.com
Investor grievance email:
customerservice.mb@nuvama.com
Website: www.nuvama.com
Contact person: Manish Tejwani
SEBI registration no: INM000013004
JM Financial Limited
Registered Office: 7th Floor, Cnergy, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025
Maharashtra, India
Telephone: + 91 22 6630 3030
Email: jupiterhospital.ipo@jmfl.com
Investor grievance email:
grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact person: Prachee Dhuri
SEBI registration no: INM000010361
Jupiter Life Line Hospitals IPO FAQs
What is the lot size of Jupiter Life Line Hospitals IPO?
The total size of Jupiter Life Line Hospitals IPO is ₹869.08 crores out of which ₹542.00 crores is fresh issue and ₹327.08 crores is offer for sale (OFS).
When will Jupiter Life Line Hospitals IPO start?
Jupiter Life Line Hospitals IPO will open from 6 September 2023 and IPO will close on 8 September 2023.
What is the open date of Jupiter Life Line Hospitals IPO?
Jupiter Life Line Hospitals IPO will open date from 6 September 2023.
What is the last date ( close date ) of Jupiter Life Line Hospitals IPO?
Jupiter Life Line Hospitals IPO will close from 8 September 2023.
What is the price band of Jupiter Life Line Hospitals IPO?
Jupiter Life Line Hospitals IPO price band is ₹695 to ₹735. ( Upper Price Band: ₹735, Lower Price Band: ₹695 )
What is the minimum amount required to apply for Jupiter Life Line Hospitals IPO?
The minimum investment for retailers to apply for Jupiter Life Line Hospitals IPO is ₹14,700 and the maximum investment is ₹191,100.
What is going on gray market premium of Jupiter Life Line Hospitals IPO?
View gray market premium of Jupiter Life Line Hospitals IPO by Clicking Here
How much is the GMP of Jupiter Life Line Hospitals IPO?
Watch Jupiter Life Line Hospitals IPO GMP Today: Click Here
What is the allotment date of Jupiter Life Line Hospitals IPO?
The allotment date of Jupiter Life Line Hospitals IPO is 13 September 2023.
How to check allotment status in Jupiter Life Line Hospitals IPO?
To check the allotment status of Jupiter Life Line Hospitals IPO, first of all go to the registrar website by clicking here, select your bad Jupiter Life Line Hospitals IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Jupiter Life Line Hospitals IPO?
The listing date of Jupiter Life Line Hospitals IPO is 18 September 2023.
How much will be the listing gain in Jupiter Life Line Hospitals IPO?
View listing gain of Jupiter Life Line Hospitals IPO by Clicking Here
How much time Jupiter Life Line Hospitals IPO is subscribed?
Total 64.80 times subscribed in Jupiter Life Line Hospitals IPO out of which 8.00 times subscription was done in retail quota, 36.00 times subscription in NII quota and 181.89 times subscription in QIB quota.
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