Jupiter Life Line Hospitals Limited IPO : Important Info.

Jupiter Life Line Hospitals Limited IPO is set to launch on 6 September, 2023. The company initiated its business operations in the year 2007. The company is a multi speciality tertiary and quaternary healthcare in Mumbai and Western India. The company has three hospitals each in Indore, Pune and Thane. It has a total of 1194 beds and 1036 doctors. Another hospital is under construction in Dombivali having a 500 bed capacity. It is famous for providing neuro-rehabilitation through a computerised system which is very rare in India. It also runs a multi organ transplant centre in Thane.

Jupiter Life Line Hospitals Limited IPO DETAILS

Jupiter Life Line Hospitals Limited IPO is set to launch on 6 September, 2023. The subscription timeline extends till 8 September, 2023. The size for the IPO is 869.08 Crore Rs. Shares issued through fresh issue mode are worth 542 Crore Rs. Shares issued through offer for sale mode are worth Rs 327.08 Crore. The lot size is 20 shares and the price is 695 to 735 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of Jupiter Life Line Hospitals Limited IPO

IPO OPENING DATE	6 September, 2023
CLOSING DATE FOR IPO	8 September, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	695 Rs. to 735 Rs. per share
LOT SIZE	20 shares
MINIMUM ORDER QUANTITY	20 shares
ISSUE SIZE	869.08 Crore Rs.
OFFER FOR SALE	327.08 Crore Rs.
FRESH ISSUE	542 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	18 September, 2023

Jupiter Life Line Hospitals Limited IPO : IMPORTANT DATES

IPO OPENING DATE	6 September, 2023
CLOSING DATE FOR IPO	8 September, 2023
IPO ALLOTMENT DATE	13 September, 2023
REFUNDS	14 September, 2023
DEMAT A/C CREDITED ON	15 September, 2023
IPO LISTING DATE	18 September, 2023

Jupiter Life Line Hospitals Limited IPO begins for subscription from 6 September 2023. The IPO subscription would continue till 8 September, 2023. The allotment status for the shareholders who applied would come on 13 September, 2023. The refunds for the ones who did not get allotment would be initiated on 14 September, 2023. The DEMAT accounts of shareholders would be credited on 15 September, 2023. The listing of the company would be completed on 18 September, 2023.

Jupiter Life Line Hospitals Limited IPO : Lead Managers

The lead managers are :

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

The minimum lot size for the company is decided at 20 shares. This holding accounts to 14700 Rs.. The maximum lot size is decided at 260 shares. This amounts to 191100 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	20 shares	14700 Rs.
Maximum	260 shares	191100Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2021-22	2022-23
ASSETS	788	908	985
Revenue	490	737	902
PAT	(-2.30)	51	72

Jupiter Life Line Hospitals Limited had an asset base of 788 Crore Rs in 2021 which increased to 908 Crore Rs in 2022 and 985 Crore Rs in 2023. The revenue of the firm has boosted in 3 years at a major level. The revenue was 490 Crore Rs in 2021 which increased to a mighty 737 Crore Rs in 2022 and 902 Crore Rs in 2023. The company was facing a loss of 2.30 Crore Rs in 2021 which got converted into profit of 51 Crore Rs in 2022. The company’s profit was 72 Crore Rs in 2023.

PROS

• The company has three hospitals each in Indore, Pune and Thane. It has a total of 1194 beds and 1036 doctors.
• Another hospital is under construction in Dombivali having a 500 bed capacity.
• It is famous for providing neuro-rehabilitation through a computerised system which is very rare in India.
• It also runs a multi organ transplant centre in Thane.

CONS

• The company works in a highly competitive segment.

Jupiter Life Line Hospitals Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Jupiter Life Line Hospitals Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.