Jupiter Lifeline Hospital IPO: What does the latest GMP signal ahead of listing; check key details
IPO listing date has been scheduled for Monday, September 18 on NSE and BSE. Jupiter Lifeline Hospital IPO opened for subscription on Wednesday, September 6, and closed on Friday, September 8. Jupiter Lifeline Hospital IPO received overwhelming response from non-institutional investors (NIIS) and Qualified institutional buyers (QIBs) on day 3.
Retail investors' portion saw decent response. Jupiter Lifeline Hospital IPO was subscribed 63.72 times on day 3. Jupiter IPO was subscribed 87% on day 1, and the issue was subscribed 3.30 times on day 2.
Let's check what does Jupiter Lifeline Hospital IPO GMP today signal ahead of listing. Jupiter Hospital IPO GMP today or grey market premium is +230 similar to the previous trading session. This indicates Jupiter Lifeline Hospitals share price were trading at a premium of ₹230 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 ₹965 apiece, which is 31.29% higher than the IPO price of ₹735.
According to topsharebrokers.com, the lowest GMP is ₹200, while the highest GMP is ₹260. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Also Read: JSW Infrastructure IPO: Issue to open on September 25, close on September 27: Report Jupiter Lifeline Hospitals IPO is made up of fresh issue of 73.74 lakh shares that totals to ₹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.
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