Jupiter Hospital IPO listing: Jupiter Hospital share price opens at 32.4% premium on NSE
₹973 per share, 32.38% higher than the issue price of ₹735, and on the BSE, Jupiter Lifeline share price was listed at ₹960 per share. Jupiter Lifeline Hospital IPO opened for subscription on Wednesday, September 6, and closed on Friday, September 8. Jupiter Lifeline Hospital IPO was subscribed 63.72 times on day 3.
Jupiter IPO was subscribed 87% on day 1, and the issue was subscribed 3.30 times on day 2. Jupiter Life Line IPO price band has been fixed at ₹695-735 per share. Jupiter Lifeline Hospitals IPO is made up of fresh issue of 73.74 lakh shares that totals to ₹542 crore and offer for sale (OFS) portion consists of 44.5 lakh shares of ₹10, which aggregates to ₹869.08 crore sold by promoter selling shareholder Devang Vasantlal Gandhi, and Neeta Gandhi.
Jupiter Lifeline Hospitals IPO total issue size is ₹869.08 crores. The net proceeds from the fresh issue will be utilised to repay debt availed from banks by the company and material subsidiary, and to meet general corporate purposes. Jupiter Lifeline Hospitals IPO raised ₹261 crore from anchor investors on Tuesday, September 5.
ICICI Securities, Edelweiss Financial Services, and JM Financial are the book-running lead managers to the issue. Kfin Technologies Ltd is the registrar to the issue. Also Read: Jupiter Hospital IPO listing date today.
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