Jupiter Life Line IPO Day 1: Issue subscribed 0.47 times so far; retail portion booked 66%
IPO Subscription Status: The initial public offering (IPO) of Jupiter Life Line Hospitals Ltd, the multi-specialty tertiary and quaternary healthcare provider, opened for public subscription today. The IPO, which will close on September 8, has so far received decent response from investors. Jupiter Life Line IPO has been subscribed 0.47 times so far on September 6, the first day of the bidding process.
The public issue received bids for 39.29 lakh equity shares as compared to 84.97 lakh shares on the offer, till 2:00 pm. The issue has received 66% subscription in the retail category and 60% subscription in the Non-Institutional Investors’ (NII) category. Qualified institutional buyers (QIB) have bid for 0.01% shares of their reserved portion so far, as per data available on NSE.
In the IPO, the company has reserved not more than 35% shares for retail investors, 15% for NIIs and the reserved portion for QIBs is 50%. Jupiter Life Line Hospitals on Tuesday already raised ₹261 crore from anchor investors ahead of the IPO. Also Read: Jupiter Life Line Hospitals raises ₹261 crore from anchor investors ahead of IPO Jupiter Life Line IPO price band has been fixed at ₹695-735 per share.
The IPO comprises a fresh issue of equity shares worth ₹542 crore and an Offer For Sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders. At the upper end of the price band, Jupiter Life Line IPO issue size is ₹869.08 crore The lot size for the Jupiter Life Line Hospitals IPO is 20 shares and the minimum investment amount required by retail investors is ₹14,700. The company will fix the basis of IPO allotment on September 13 and initiate refunds on September 14, while the credit of shares to the demat account of
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