Jupiter Life Line IPO: Issue opens for subscription today, check live subscription

6 Sep 2023 , 01:23 PM

The initial public offering (IPO) of Jupiter Life Line Hospitals Ltd, a renowned multi-specialty tertiary and quaternary healthcare provider, officially opened for public subscription on September 6. Interested investors can participate in the IPO by clicking here.

As of 1:15 PM, the IPO has garnered a subscription rate of 34%. Notably, the retail segment of the IPO has demonstrated strong interest, with a subscription rate of 53%, while non-institutional investors have subscribed at a rate of 35%. However, the qualified institutional portion is yet to be subscribed.

The IPO price band for Jupiter Life Line has been set at Rs 695-735 per share, and the subscription window will remain open until Friday, September 8. The IPO has a total issue size of Rs 869.08 crore, comprising a fresh issuance of equity shares valued at Rs 542 crore and an Offer For Sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders.

For investors considering participation, the lot size for the Jupiter Life Line Hospitals IPO is 20 shares, with a minimum investment requirement of Rs 14,700 for retail investors.

Jupiter Life Line Hospitals boasts over 15 years of experience as a corporate quaternary care healthcare service provider, primarily serving densely populated micro markets in western India. The company currently operates three hospitals under the ‘Jupiter’ brand, located in Thane, Pune, and Indore, with operational bed capacities of 950 beds and 900 beds as of the date of the Draft Red Herring Prospectus and December 31, 2022, respectively.