Jupiter Life Line Hospitals IPO Day 2: Issue subscribed 2.04 times so far; retail portion booked 2.35x
₹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. The company on Tuesday said it decided to allocate 35.47 lakh equity shares to 39 entities at ₹735 apiece, which is also the upper end of the price band. Jupiter Life Line IPO price band has been fixed at ₹695-735 per share.
Singapore Government, Abu Dhabi Investment Authority, Goldman Sachs, Fidelity Funds, Nomura, HDFC Mutual Fund (MF), Nippon India MF, Axis MF, Kotak Mahindra MF, Aditya Birla Sun Life MF, SBI Life Insurance Company and HDFC Life Insurance, are among the anchor investors. 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.
Jupiter Lifeline Hospitals IPO GMP today or grey market premium is +225 similar to the previous trading session. This indicates Jupiter Lifeline Hospitals share price were trading at a premium of ₹225 in the grey market on Thursday, according to topsharebrokers.com Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Jupiter Lifeline Hospitals share price is ₹960 apiece, which is 30.61% higher than the IPO price of ₹735. According to topsharebrokers.com, the lowest GMP is ₹0, while the
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