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