Jupiter Hospitals IPO | Mumbai-based hospital chain company, Jupiter Life Line, is set to launch its IPO in the stock market. The IPO will be open for investment from September 6, 2023 to September 8, 2023.
Jupiter Hospitals IPO Details
Jupiter Life Line Company will sell fresh shares worth Rs 542 crore and its 44.55 lakh shares in the open market under the offer for sale. The IPO size will be Rs 869 crore. Devang Vasantlal Gandhi and Neeta Gandhi will issue their equity shares in the open market.
The shareholders selling shares in the IPO include Nitin Thakkar, Anuradha Ramesh Modi, Bhaskar P Shah, Rajeshwari Capital Markets, and V.S. Raghavan. Jupiter Life Line Company has been operating in the healthcare sector for the past 15 years and currently has hospitals in Thane, Pune, and Indore.
ICICI Securities, Nuwama Wealth Management, and JM Financial have been appointed as book-running lead managers, while KFin Technologies will be the registrar of the IPO. The shares will be listed on BSE and NSE indices.
The share price band for the IPO is set at Rs 695-735, and a minimum deposit of Rs 14,700 is required to invest. The IPO has reserved quotas for eligible institutional investors, NII, and retail investors. The IPO will open for investment from September 6 to September 8, 2023, and the shares will be allotted on September 13, 2023.
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