Jupiter Life Line Hospitals IPO

Jupiter Life Line Hospitals IPO will open for subscription from 06 September 2023. The company aims for an issue size of ₹869.08 Cr through this IPO.

Company Overview

Full nameJupiter Life Line Hospitals Limited
IndustryHospital & Healthcare Services
Company Websitehttps://www.jupiterhospital.com/

About Company

Jupiter Life Line 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 31 March 2023.

The company has been operating for over 15 years as a corporate quaternary care healthcare service provider in densely populated micro markets in the western regions of India and currently operates three hospitals under the “Jupiter” brand in Thane, Pune, and Indore, with an operational bed capacity of 950 beds and 961 beds, as of 31 March 2023, and 1,306 doctors including specialists, physicians, and surgeons, as of 31 March 2023. It is also currently in the process of developing a multi-specialty hospital in Dombivli, Maharashtra, which is designed to accommodate over 500 beds and has commenced construction in April 2023.

The company’s inpatient and outpatient revenue is diversified across hospitals with Thane, Pune, and Indore hospitals accounting for 54.18%, 34.03%, and 11.79%, respectively, of the revenue from operations in Fiscal 2023.

The Objective of the Issue

  • Repayment/pre-payment, in full or part, of borrowings availed from banks by the company and Material Subsidiary.
  • General corporate purposes.

IPO Timetable

IPO Opening date06 September 2023
IPO Closing08 September 2023
Basis of Allotment13 September 2023
Initiation Refund14 September 2023
Credit to Demat Account15 September 2023
Listing Date18 September 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹869.08 Cr – 11,824,163 shares
Fresh Issue₹542.00 Cr – 7,374,163 shares
Offer for sale₹327.08 Cr – 4,450,000 shares
Face value₹10 per share
Price Band ₹695 to ₹735 per share
Lot size20 Shares
Retail Allocation35%
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)120₹14,700
Retail (Max)13260₹191,100
S-HNI (Min)14280₹205,800
S-HNI (Max)681,360₹999,600
B-HNI (Min)691,380₹1,014,300

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2021FY 2022FY 2023
Net income(2.30)51.1372.91
Margin (%)0.476.978.17
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio53.67 – 56.76
RONW (%)(0.93)17.7320.03
ROCE (%)6.0716.0820.94
EBITDA (%)14.5421.3523.45

Company Promoters

  • Dr. Ajay Thakker
  • Dr. Ankit Thakker
  • Western Medical Solutions LLP

Promoter Holding

Pre Issue Share Holding40.69%
Post Issue Share Holding

Lead Manager(s)

  • ICICI Securities Limited
  • Nuvama Wealth Management Limited
  • Jm Financial Limited

IPO Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: jupiterlife.ipo@kfintech.com
Website: www.kfintech.com

Contact Details

Jupiter Hospital, Eastern Express Highway,
Thane (West), Mumbai – 400 601 Maharashtra, India
Phone: +91 22 2172 5623
E-mail: cs@jupiterhospital.com
Website: www.jupiterhospital.com

Allotment Status

Jupiter Life Line Hospitals IPO allotment will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Jupiter Life Line Hospitals IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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