Jupiter Life Line Hospitals Limited IPO Opens On Wed
Jupiter Life Line Hospitals Limited has fixed the price band of Rs ₹695 to ₹735 per equity share for its IPO.
MUMBAI, Sep 2 (The CONNECT) – Jupiter Life Line Hospitals Limited will open subscriptions for its Initial Public Offering (IPO) between the next Wednesday and Friday at a price band of Rs ₹695 to ₹735 per equity share.
Investors can bid for a minimum of 20 Equity Shares and in multiples of 20, thereafter in theey multi-specialty tertiary and quaternary healthcare provider in the Mumbai Metropolitan Area (MMR) and western region.
The IPO consists of a fresh issue of equity shares of face value of ₹10 each aggregating up to Rs 540.2 Crore and an offer-for-sale (OFS) of up to 4.45 million equity shares. The promoters of the Company are not selling any shares in the OFS.
Led by founder, Chairman and Managing Director, Dr. Ajay P Thakker with over 3 decades of experience in the field of medicine and healthcare and Dr. Ankit Thakker, Executive Director and Chief Executive Officer who has a more than a decade experience in the healthcare sector. The Company commenced operations in 2007 with a hospital in Thane, Maharashtra and has been operating for over 15 years as a corporate quaternary care healthcare service provider in the western regions of India. It currently operates three hospitals in Thane, Pune and Indore under the Jupiter brand.
Jupiter Life Line has a total bed capacity of 1,194 hospital beds across three hospitals as of March 31, 2023
Jupiter Hospitals has a strategic focus on the western India healthcare market. It currently is in the process of developing a multispecialty hospital in Dombivli, Maharashtra, which is being designed to accommodate over 500 beds. The construction of the hospital began in April 2023 and will be spread across 600,000 sq. feet.
ICICI Securities Limited, Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited), and JM Financial Limited are the book running lead managers and KFin Technologies Limited is the Registrar to the Offer. The Equity Shares are proposed to be listed on BSE and NSE.
