Jupiter Life Line Hospital IPO price band fixed; Check GMP, other key details you should know
₹695 - 735 per share. The IPO will open for subscription on September 6 and close on September 8. The anchor book for the Jupiter Life Line IPO will open on September 5.
The company has reduced the fresh issue size in the IPO to ₹542 crore from ₹615 crore earlier. Jupiter Life Line IPO comprises a fresh issue of shares of ₹542 crore and an offer for sale (OFS) of up to 44.5 lakh equity shares by promoter group and other selling shareholders. The fresh issue size has been reduced from ₹615 crore earlier.
At the upper end of the price band, Jupiter Life Line IPO size stands at ₹869 crore. In August, the company raised ₹123 crore in its pre-IPO placement. It issued around 16.7 lakh shares at a price of ₹735 apiece to the investors.
Read here: Jupiter Life Line Hospitals mops up ₹123 crore in pre-IPO placement Jupiter Life Line IPO share allotment will be finalised September 13, and the company will initiate refunds on September 14, while the equity shares will be credited to demat accounts of allottees on September 15. Jupiter Life Line shares will be listed on the stock exchanges BSE and NSE on September 18. Jupiter Life IPO lot size is 20 shares.
The minimum investment amount required for retail investors is ₹14,700. The company proposes to utilise the proceeds from the issue for repayment or prepayment, in full or in part, of borrowings availed from banks by the company and material subsidiary and general corporate purposes. Also Read: Rishabh Instruments IPO: GMP, subscription status, review, other details. Apply or not? ICICI Securities Ltd, JM Financial and Nuvama Wealth Management are the lead managers to the issue, while KFin Technologies is the IPO registrar.
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