The Jupiter Life Line Hospitals’ preliminary public providing (IPO) will probably be listed on Monday, i.e September 18. The subscriptions for the preliminary share had opened for 3 days from September 6 to eight.
The IPO includes contemporary problem of fairness shares price ₹542 crore and a proposal of sale of 44.5 lakh fairness shares by promoter group entities and different shareholders.
Proceeds of the contemporary problem will probably be utilised to retire debt. Apart from, funds will probably be used for basic company functions.
“Jupiter hospital had got 63 times plus subscription and QIB almost 187 times as demand has shown stock can list around 950 levels in bear case while in bull case stock can list around 1040 levels”, Vaibhav Kaushik, analysis analyst, GCL Broking, instructed Hindustan Occasions.
In accordance with the web site topsharebrokers.com, the IPO had a gray market value of ₹233 and an estimated itemizing value of ₹968.
The Jupiter hospital chain operates in Thane, Pune and Indore with a complete mattress capability of 1,194 as of December 2022.
The hospital chain has a strategic concentrate on the western India healthcare market, is within the strategy of growing a multi-speciality hospital in Dombivli, Maharashtra, which is being designed to accommodate over 500 beds.
ICICI Securities, Edelweiss Monetary Providers, and JM Monetary are the book-running lead managers to the difficulty. The fairness shares are proposed to be listed on BSE and NSE.