Jupiter Life Line Hospitals IPO to open on September 6. Here are 10 things to know about the offer

economictimes.indiatimes.com:

The initial public offering (IPO) of Jupiter Life Line Hospitals will open for subscription on September 6. The issue closes on September 8.

The company's shares are expected to get listed on both the exchanges. Here are 10 things to know about the offer.

1. What is the business overview of Jupiter Life Line Hospitals?
   Jupiter Hospitals is among the key multi-specialty tertiary and quaternary healthcare providers in the Mumbai Metropolitan Area and western region of India with a total bed capacity of 1,194 across three hospitals as of March, 2023.
2. What is the industry overview of Jupiter Life Line Hospitals?
   The healthcare market for west India is expected to grow at a CAGR of 14%-16% from Rs 1.05-1.15 trillion in FY22 to Rs 2.15-2.25 trillion in FY27, according to a CRISIL report.
3. What is the size of the Jupiter Life Line Hospitals IPO?
   The issue comprises fresh equity of Rs 542 crore and an offer for sale (OFS) of 4.45 million equity shares.
4. Who are the selling shareholders under the OFS?
   Under the OFS, Devang Vasantlal Gandhi will offload up to 1.25 million equity shares, Devang Gandhi jointly with Neeta Gandhi will sell 9 lakh equity shares. Other selling shareholders include Nitin Thakker, Anuradha Ramesh Modi, Bhaskar P Shah, Rajeshwari Capital Market, Vadapatra Sayee Raghavan, Sangeeta Ravat jointly with Hasmukh Ravat.
5. What is the price band for the Jupiter Life Line Hospitals IPO?
   The company has fixed a price band of Rs 695-735 per share and investors can bid for a minimum of 20 shares in one lot and in multiples thereafter.
6. What is the structure of the Jupiter Life Line Hospitals IPO?
   About 50% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors and 35% for