Jupiter Life Line Hospitals IPO Details
Issue Date
--
Price Range
₹735
Lot Size
20
IPO Size
₹869.08 Cr
Jupiter Life Line Hospitals IPO Listing Details
Listing On
18 Sep'23
Issue Price
--
Listed Price
₹ 973
Retail Gain/Listing Gain
▲32.38%
Schedule of Jupiter Life Line Hospitals IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
18/09/2023
Company Background
Jupiter Life Line Hospitals Ltd. is a prominent multi-specialty tertiary and quaternary healthcare provider in the Mumbai Metropolitan Area (MMR) and the western region of India, and has been operating for over 15 years in densely populated micro markets. As of 31st March 2023, they boast a total of 1,194 hospital beds distributed across three hospitals (Source: CRISIL Report), and operate under the "Jupiter" brand in Thane, Pune, and Indore. Additionally, they are in the process of constructing a multi-specialty hospital in Dombivli, Maharashtra, which is designed to house more than 500 beds and commenced construction in April 2023.
According to the CRISIL Report, their Thane and Indore hospitals stand out in the western region of India for offering specialised neuro-rehabilitation services through a dedicated robotic and computer-assisted neuro-rehabilitation center. Furthermore, their company operates one of the limited multi-organ transplant centers in Thane (Source: CRISIL Report). Each of their hospitals in Thane, Pune, and Indore has been certified by the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and has been accredited in the field of medical testing by the National Accreditation Board for Testing and Calibration Laboratories (NABL). Notably, the Thane hospital has previously received both the NABH Safe-I certification and the NABH 'Nursing Excellence' accreditation.
With that, let's take a look at the competitive strengths and risk factors for Jupiter Life Line Hospitals Ltd:
Competitive Strengths
Track record of operational and financial performance
Focus on environmental, social and governance (ESG) initiatives
All-hub-no-spoke’ model with a focus on quality patient care supported by modern infrastructure and technological capabilities
Risk Factors
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Revenues are significantly dependent on the hospital in Thane.
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The company is highly dependent on their healthcare professionals including doctors and nurses.
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The industry is highly regulated and requires them to obtain, renew and maintain statutory and regulatory permits, accreditations, and licenses and comply with applicable safety, health, environmental, labour and other governmental regulations.
Key Strategies
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Strategically expand their footprint in western markets.
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Pursue strategic inorganic growth opportunities in their focussed micro-markets.
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Continue to improve the quality of care and invest and employ the latest technology.
Jupiter Life Line Hospitals Ltd
Here are the key financials for Jupiter Life Line Hospitals Limited:
How to apply for IPO through ASBA
Kotak Neo
•00m 59s
Jupiter Life Line Hospitals IPO FAQs
The Jupiter Life Line Hospitals IPO opens for subscription from [-] to [-], with a total issue size of ₹869.08 Cr. The IPO price band is ₹735 to ₹0 per share with a lot size of 20. The company aims to list the shares on BSE & NSE on 18-09-2023.
The Jupiter Life Line Hospitals IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Jupiter Life Line Hospitals IPO is 20 equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.
The price band of the Jupiter Life Line Hospitals IPO has been fixed at ₹735 to ₹0 per equity share.
You can apply for the Jupiter Life Line Hospitals IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Jupiter Life Line Hospitals IPO allotment will take place on [-].
You can check the Jupiter Life Line Hospitals IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Jupiter Life Line Hospitals shares will list on the stock exchanges on 18-09-2023.
The Jupiter Life Line Hospitals Limited IPO has an issue size of Rs. 869 crores. The IPO opens for subscription on 6th September and closes on 8th September 2023.
KFin Technologies Limited is the registrar for this IPO.
You may read more about Jupiter Life Line Hospitals Limited and its IPO from the company’s red herring prospectus (RHP) here:
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