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  • By Goodwill
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  • September 4, 2023

IPO : Jupiter Life Line Hospitals Limited

Jupiter Life Line Hospitals Limited IPO

Incorporated in 2007, Jupiter Life Line Hospitals Limited is a multi-specialty tertiary and quaternary healthcare provider in the Mumbai Metropolitan Area (MMR) and western region of India.

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Jupiter Life Line Hospitals has been operating as a corporate quaternary care healthcare service provider in the western regions of India and currently operates three hospitals under the “Jupiter” brand in Thane, Pune, and Indore, with a total operational bed capacity of 1194 beds, and 1,306 doctors including specialists, physicians, and surgeons, as of March 31, 2023. The company is currently developing a multi-specialty hospital in Dombivli, Maharashtra, which is designed to accommodate over 500 beds and has commenced construction in April 2023.

 SYMBOL JLHL
 ISSUE TYPE Book Built Issue IPO
 ISSUE OPENS ON September 06, 2023 (Wednesday)
 ISSUE CLOSES ON September 08, 2023 (Friday)
 ISSUE PRICE Rs.695 To Rs.735 per share
 ISSUE SIZE Up to Rs.869.08 Crores
 FACE VALUE Rs.10 per share

According to the CRISIL Report, the company’s Thane and Indore hospitals are amongst the few hospitals in the western region of India to provide neuro-rehabilitation services through a dedicated robotic and computer-assisted neuro-rehabilitation center. Additionally, it operates one of the few multi-organ transplant centers in Thane. All the hospitals in Thane, Pune, and Indore have been certified by the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and have been accredited in the field of medical testing by the National Accreditation Board for Testing and Calibration Laboratories (NABL).

 MINIMUM BID 20 shares
 MINIMUM AMOUNT  Rs.14,700
 MAXIMUM BID 260 shares
 MAXIMUM AMOUNT  Rs.1,91,100
 LISTING DATE September 18,2023 (Monday)
 LISTING AT NSE-BSE

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.

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

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