 "IPO")
Earlier this month, Jupiter Hospital mobilised Rs 123 crore from institutional buyers within the pre-IPO spherical and accordingly the recent concern dimension was diminished.
The preliminary share sale of multispecialty hospital chain Jupiter Life Line Hospitals will open for public subscription on September 6.
The three day preliminary public providing (IPO) will conclude on September 8 and the bidding for anchor buyers will open on September 5, in response to the crimson herring prospectus (RHP).
The IPO contains recent concern of fairness shares value Rs 542 crore and a suggestion on the market (OFS) of 44.5 lakh fairness shares by promoter group entities and different shareholders.
Earlier this month, Jupiter Hospital mobilised Rs 123 crore from institutional buyers within the pre-IPO spherical and accordingly the recent concern dimension was diminished.
Proceeds of the recent concern will likely be utilised to retire debt. Moreover, funds will likely be used for normal company functions.
The hospital chain operates in Thane, Pune and Indore beneath the “Jupiter” model with a complete mattress capability of 1,194 as of December 2022.
Jupiter Hospital, which has a strategic give attention to the western India healthcare market, is within the means of creating a multispecialty 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.
(Solely the headline and film of this report might have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)
First Printed: Aug 31 2023 | 3:52 PM IST
