Jupiter Life Line IPO: Issue opens for subscription today; check GMP, offer details, should you subscribe
₹695-735 per share and the offer will close on Friday, September 8. Jupiter Life Line IPO issue size is ₹869.08 crore which 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. 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.
Jupiter Life Line Hospitals on Tuesday raised ₹261 crore from anchor investors ahead of the IPO. Read here: Jupiter Life Line Hospitals raises ₹261 crore from anchor investors ahead of IPO 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 eligible allottees will take place on September 15. Jupiter Life Line Hospitals shares are likely to be listed on September 18 on stock exchanges BSE and NSE.
The company proposes to utilise the proceeds of the fresh issue to retire debt and for general corporate purposes. Jupiter Lifeline Hospitals is among the key multi-specialty tertiary and quaternary healthcare providers in the Mumbai Metropolitan Area (MMR) and western region of India with a total bed capacity of 1,194 hospital beds across three hospitals as of March 31, 2023. The company is expanding its presence in developing a multi-specialty hospital in Dombivli, Maharashtra, which is designed to accommodate over 500 beds and has commenced construction in April 2023.
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