Jupiter Life Line Hospital will be debt-free post IPO: CEO
Dr Ankit Thakker, CEO, Jupiter Life Line Hospital, says: “We believe in the next two and a half odd years, we should be able to commission Dombivli. On the revenue side, we think each and every hospital that we build should be designed as a flagship hospital and each of them should be able to contribute at the same level as any other. Once Dombivli gets matured, it is designed in size, scale and scope to do as well as Thane or any other hospital.”
Firstly, let me ask you about your IPO funds. We understand that you will be using the IPO funds to partially repay the debt. What will the debt be after the repayment and also, would you tell us the savings or interest costs on account of the repayment?
We will be debt free post the IPO. We are going to pay down all the debt so pretty much the entire interest portion and the outflow for the principal repayment will be free cash in our hands.
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Dombivli is going to be a 500-bed hospital. We have bought the land, received all the permissions from the government for construction, and we have just begun construction there. We believe in the next two and a half odd years, we should be able to commission Dombivli. On the revenue side, we think each and every hospital that we build should be designed as a flagship hospital and each of them should be able to contribute
