Jupiter Life Line Hospitals IPO day 3: Check subscription status, latest GMP, should you subscribe
IPO Subscription Status: Jupiter Lifeline Hospitals IPO has received strong response from all categories of investors so far. The IPO, which opened on September 6, closes today, September 8. Given that today is the last day for Jupiter Lifeline Hospitals IPO Subscription, the basis of allotment is expected to be fixed on September 13 and initiation of refunds may take place on September 14, while credit of shares will be done on September 15.
Jupiter Lifeline Hospitals shares are likely to be listed on September 18, on BSE and NSE. Jupiter Life Line IPO has been subscribed 8.13 times so far on day 3 as the issue received bids for 6.90 crore shares as against 84.97 lakh shares on the offer, till 12:20 pm. The issue has been subscribed 4.76 times in the Retail Investors' category and 15.16 times in Non-Institutional Investors (NII) category.
The Qualified Institutional Buyers’ (QIB) portion has been booked 8.75 times so far on day 3, as per data available on NSE. Jupiter Life Line Hospitals IPO GMP today or grey market premium is ₹225 per share, similar to the previous trading session. This indicates Jupiter Life Line Hospitals share price were trading at a premium of ₹225 apiece in the grey market on Friday, 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 per share. Also Read: RR Kabel IPO price band set at ₹983-1,035 per share; check latest GMP, other key details Jupiter Life Line Hospitals is present in the strong MMR region where population is consistently increasing and remains a focused micro market. The
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