Everything you need to know about Jupiter Life Line Hospitals Limited IPO

About the company

Incorporated in 2007, Jupiter Life Line Hospitals Limited is one of the key multi-specialty tertiary and quaternary healthcare providers in the Mumbai Metropolitan Area (MMR) and western region of India.Under the brand name Jupiter, it currently operates hospitals in Thane, Pune, and Indore with a total bed capacity of 1,194 and 1,306 doctors which includes specialists, physicians, and surgeons as of March 31, 2023.

Objects of the issue and proceeds utilization

Through its public offer, Jupiter Life Line Hospitals aims to raise Rs. 869.08 crores. The offer comprises of fresh issue of equity shares worth Rs. 542 crores and an offer for sale of 44.5 lakh equity shares from existing shareholders.

Purpose Proceeds (₹ crores)
Repayment/pre-payment, in full or part, of borrowings availed from banks by the company and material Subsidiary 510.4
General corporate purposes Balance

Financial information and other valuation metrics

Financial Year Total Assets (₹ crores) Total Revenue (₹ crores) Profit After Tax (₹ crores) EPS EBITDA (₹ crores)
March 31, 2021 788.91 490.27 -2.30 -0.45 71.268
March 31, 2022 908.70 737.14 51.13 10.05 157.41
March 31, 2023 985.53 902.96 72.91 13.95 211.74

IPO Schedule

Issue Period 6th September to 8th September 2023
Price band ₹ 695 - 735
Minimum Bid quantity 20 & Multiples thereof
Deadline for accepting UPI mandate Until 5 PM on the issue closing day
Finalization of Allotment 13th September 2023
Initiation of Refunds 14th September 2023
Credit of Shares 15th September 2023
Date of Listing 18th September 2023
Mandate end date 23rd September 2023
Anchor Investors Lock-In End Date 8th October 2023

How to apply to the Jupiter Life Line Hospitals Limited IPO?

You can apply for the Jupiter Life Line Hospitals Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for Jupiter Life Line Hospitals Limited IPO?

You can check the allotment status for the Jupiter Life Line Hospitals Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.

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