02-Sep-2023
2 mins read
Jupiter Life Line Hospitals Limited, a multi-specialty tertiary and quaternary healthcare provider all set to launch its Initial Public Offering in the primary market. Starts subscription from September 6 to September 8, 2023. The price band will be around Rs 695 to Rs 735 per share.The company has reduced the initial offering amount from Rs 615 crore to Rs 542 crore. The Offer for Sale (OFS) includes a maximum of 4.45 million shares being sold by the current shareholders and promoters. At the highest price range of the offering, the overall offering size stands at Rs 869 crore, and the company’s valuation is set at Rs 4,819 crore.
Jupiter Life Line Hospitals Limited Company Profile
Established in 2007, Jupiter Life Line Hospitals Limited is a prominent healthcare institution offering a wide range of specialised medical services in the Mumbai Metropolitan Area (MMR) and the western region of India.
Jupiter Life Line Hospitals has positioned itself as a leading corporate healthcare provider specialising in quaternary care services in the western regions of India. As of March 31, 2023, the company manages three hospitals branded under “Jupiter” located in Thane, Pune, and Indore. These hospitals collectively offer a total operational bed capacity of 1,194 beds and employ a medical team comprising 1,306 doctors, including specialists, physicians, and surgeons.
Furthermore, the company is currently in the process of developing a multi-specialty hospital in Dombivli, Maharashtra. This facility is designed to accommodate over 500 beds, and construction began in April 2023.
The company’s revenue from inpatient and outpatient services is well-distributed among its various hospitals. In Fiscal 2023, the Thane Hospital contributed 54.18% of the revenue from operations, the Pune hospital accounted for 34.03%, and the Indore Hospital represented 11.79% of the total revenue.
Financials of Jupiter Life Line Hospitals Limited (In Rs Crore)
| Period Ended | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| Assets | 788.91 | 908.7 | 985.53 |
| Revenue | 490.27 | 737.14 | 902.96 |
| Profit After Tax | -2.3 | 51.13 | 72.91 |
| Net Worth | 246.44 | 288.43 | 363.91 |
| Total Borrowing | 425.52 | 495.25 | 468.63 |
Important Dates of Jupiter Life Line Hospitals Limited IPO
| IPO Date | September 6, 2023 to September 8, 2023 |
| Listing Date | Monday, September 18, 2023 |
| Face Value | Rs 10 per share |
| Price | Rs 695 to Rs 735 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 11,824,163 shares |
| Fresh Issue | 7,374,163 shares |
| Offer for Sale | 4,450,000 shares of Rs 10 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre-issue | 58,191,859 |
| Shareholding post issue | 65,566,022 |
Objectives of the Jupiter Life Line Hospitals Limited IPO
The company plans to use the net proceeds from the issue for the following purposes:
- Repayment or pre-payment, either in full or in part, of the borrowings obtained from banks by the company and its Material Subsidiary.
- General corporate purposes.
Promoters of the Jupiter Life Line Hospitals Limited IPO
The promoters of Jupiter Life Line Hospitals Limited are Dr. Ajay Thakker, Dr. Ankit Thakker, and Western Medical Solutions LLP.
Lead Managers of the Jupiter Life Line Hospitals Limited IPO
The lead managers of Jupiter Life Line Hospitals Limited IPO are ICICI Securities Limited, Nuvama Wealth Management Limited, and Jm Financial Limited.
How to Apply for Jupiter Life Line Hospitals Limited IPO?
Wait for the public issue to open for subscription, then click on this link to apply for Jupiter Life Line Hospitals Limited with Bigul: https://ipo.bonanzaonline.com/.
FAQ-
- When does the subscription period for the IPO start and end?
The subscription period for the Jupiter Life Line Hospitals Limited IPO is from September 6, 2023, to September 8, 2023.
- What is the price range for the IPO shares?
The price range for the IPO shares is between Rs 695 to Rs 735 per share.
- How much is the total issue size of the IPO?
The total issue size of the IPO is 11,824,163 shares, which includes both a fresh issue of 7,374,163 shares and an offer for sale (OFS) of 4,450,000 shares.
- What is the lot size for the IPO?
The lot size for the Jupiter Life Line Hospitals Limited IPO is 20 shares.
- When will the IPO be listed on the stock exchanges?
The IPO is scheduled to be listed on Monday, September 18, 2023.
- Who are the promoters of Jupiter Life Line Hospitals Limited?
The promoters of the company are Dr. Ajay Thakker, Dr. Ankit Thakker, and Western Medical Solutions LLP.
- Who are the lead managers for the Jupiter Life Line Hospitals Limited IPO?
The lead managers for the Jupiter Life Line Hospitals Limited IPO are ICICI Securities Limited, Nuvama Wealth Management Limited, and JM Financial Limited.
- What are the stock exchanges where Jupiter Life Line Hospitals Limited shares will be listed?
The shares of Jupiter Life Line Hospitals Limited will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).