Jupiter Hospitals IPO Information: The Jupiter Hospitals IPO has a set date, with the offering set to launch on September 6 and conclude on September 8. This IPO aims to generate approximately ₹869 crores in funds, consisting of a fresh issue of ₹542 crores and an offer for sale of up to 4,450,000 shares, each valued at ₹10. The allocation breakdown includes 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for high-net-worth individuals (HNIs).
If you’re an investor evaluating the potential of the Jupiter Life Line Hospitals IPO as a worthwhile investment, you’ve come to the right place. In this extensive article, we will furnish you with essential information including key dates, favorable aspects, potential risks, and an in-depth review of the Jupiter Life Line Hospitals IPO. Armed with this knowledge, you’ll be better equipped to make an informed decision on whether to purchase or subscribe to this IPO.
What is Jupiter Life Line Hospital IPO?
Established in 2007, Jupiter Life Line Hospitals Ltd stands as a prominent healthcare institution specializing in a wide range of medical services, primarily catering to the Mumbai Metropolitan Area (MMR) and the western region of India.
Under the banner of “Jupiter,” the company operates three distinguished hospitals situated in Thane, Pune, and Indore. Collectively, these hospitals offer a substantial bed capacity of 1194, with a dedicated team of 1,306 medical professionals, including specialized doctors, physicians, and surgeons, as of March 31, 2023.
In addition to their current facilities, Jupiter Life Line Hospitals is in the process of constructing an advanced multi-specialty hospital in Dombivli, Maharashtra. This state-of-the-art facility is projected to accommodate more than 500 beds, further expanding their commitment to exceptional healthcare.
As of March 31, 2023, Jupiter Lifeline Hospitals ranks among the foremost multi-specialty tertiary and quaternary healthcare providers in the Mumbai Metropolitan Area (MMR) and the western region of India. With a cumulative bed capacity of 1194 hospital beds across their three “Jupiter” branded hospitals, they have consistently provided corporate quaternary care healthcare services for over 15 years.
These hospitals are strategically located in densely populated micro markets within the western regions of India, where the presence of chain hospitals is relatively low. This positioning enables Jupiter Hospitals to extend their services to a broader population, enhancing accessibility and connectivity to healthcare services.
At the heart of Jupiter Hospitals’ philosophy lies a commitment to a “patient-first” approach. This commitment is realized through the continuous development of cutting-edge infrastructure, utilization of advanced technology, and unwavering support for prioritizing patient well-being. As of March 31, 2023, their hospitals offer an extensive range of over 30 specialized medical disciplines, ensuring comprehensive care for their patients.
Their journey began in 2007 with the inauguration of their hospital in Thane, Maharashtra. Subsequently, they expanded their reach by establishing a hospital in Pune, Maharashtra, in 2017 and acquiring a hospital in Indore, Madhya Pradesh, in 2020. These hospitals are strategically situated in densely populated micro markets with limited presence from chain hospitals, positioning Jupiter Hospitals to deliver their extensive services to a broader demographic while maintaining strong connections with their patients.
Objectives of the Jupiter Life Line Hospital IPO
The main objectives of the Jupiter Life Line Hospital IPO is as below.
- Repayment/pre-payment, in full or part, of borrowings availed from banks by the company and paterial Subsidiary.
- General corporate purposes.
Jupiter Life Line Hospitals IPO Date & Price Band Details
| IPO Open: | September 6, 2023 |
| IPO Close: | September 8, 2023 |
| IPO Size: | Approx ₹869 Crores |
| Fresh Issue: | Approx ₹542 Crores |
| Offer for Sale: | Approx 4,450,000 Equity Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹695 to ₹735 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
Jupiter Hospitals IPO Market Lot
The minimum market lot for the Jupiter Hospitals IPO consists of 20 shares, requiring an application amount of ₹14,700. Retail investors have the option to apply for up to 13 lots, which translates to 260 shares or a total amount of ₹191,100.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 20 | ₹14,700 |
| Retail Maximum | 13 | 260 | ₹191,100 |
| S-HNI Minimum | 14 | 280 | ₹205,800 |
| B-HNI Minimum | 69 | 1,380 | ₹1,014,300 |
Jupiter Hospitals IPO Allotment & Listing Dates
The Jupiter Hospitals IPO date is September 6 and the close date is September 8. The Jupiter Hospitals IPO allotment will be finalized on September 13 and the IPO listing on September 18.
| Anchor Investors Allotment: | September 5, 2023 |
| IPO Open Date: | September 6, 2023 |
| IPO Close Date: | September 8, 2023 |
| Basis of Allotment: | September 13, 2023 |
| Refunds: | September 14, 2023 |
| Credit to Demat Account: | September 15, 2023 |
| IPO Listing Date: | September 18, 2023 |
Jupiter Hospitals Company Financials
| Financial Year ending / Period ending (Amt in Crores) | |||
| Particulars | FY21 | FY22 | FY23 |
|---|---|---|---|
| Assets | 788.9 | 908.7 | 985.5 |
| Revenue | 490.3 | 737.1 | 903.0 |
| Profit After Tax | -2.3 | 51.1 | 72.9 |
| Profit % | -0.47% | 6.94% | 8.07% |
| Net Worth | 246.4 | 288.4 | 363.9 |
| Total Borrowing | 425.5 | 495.3 | 468.6 |
Jupiter Hospitals IPO Valuation – FY2023 basis
| Earning Per Share (EPS): | ₹13.95 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.03% |
| Net Asset Value (NAV): | ₹64.39 per Equity Share |
If we check the PE of 2023, the P/E ratio comes out to be 57x which is on higher side and seems to be overvalued. Also, the industry average P/E is 50x so it is surely on the higher side.
Jupiter Hospitals IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jupiterlife.ipo@kfintech.com
Website: https://kosmic.kfintech.com/
Jupiter Hospitals IPO Allotment Status
To check the allotment status, please see this page.
Jupiter Hospitals IPO GMP
To check the current/latest IPO GMP, please check this IPO GMP page.
Company Address
Jupiter Life Line Hospitals Limited
1004, 10th Floor, 360 Degree Business Park,
Maharana Pratap Chowk, LBS Marg,
Mulund (West), Mumbai – 400 080
Phone: + 91 22 2172 5623
Email: cs@jupiterhospital.com
Website: https://www.jupiterhospital.com/
Jupiter Hospitals IPO FAQs
This IPO aims to generate approximately ₹869 crores in funds, consisting of a fresh issue of ₹542 crores and an offer for sale of up to 4,450,000 shares, each valued at ₹10.
The price band of the IPO is ₹695 to ₹735 Per Share.
The IPO will be open on 6th September 2023.
The allocation breakdown includes 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for high-net-worth individuals (HNIs).
Looking at the P/E ratio for FY 2023, and industry P/E, the price looks expensive.
To apply for the Jupiter Hospitals IPO through Zerodha, follow these steps:
Ensure You Have a Zerodha Demat Account: First and foremost, you need to have an active Demat account with Zerodha. If you don’t have one, you can open an account on their website.
Complete the IPO Application: Once you have a Zerodha Demat account, log in to your Zerodha account using your credentials.
Access the IPO Section: Inside your Zerodha account, navigate to the IPO section. You can usually find this in the ‘Portfolio’ or ‘Applications’ tab.
Select the Jupiter Hospitals IPO: Look for the Jupiter Hospitals IPO in the list of available IPOs and click on it to access the details.
Fill in the Application Form: Enter the number of shares you want to apply for and provide the necessary financial and personal information as required in the IPO application form.
Payment: You will need to make the payment for the IPO shares you’re applying for. Ensure you have the required funds available in your Zerodha trading account.
Submit the Application: After verifying all the details, submit your IPO application. Zerodha will send you a confirmation of your application.
Monitor Allotment: Once the IPO subscription period ends, you can monitor the allotment status in your Zerodha account. If you’re allotted shares, they will be credited to your Demat account.
Sell or Hold: After the shares are credited to your Demat account, you can decide whether to hold them for the long term or sell them on the stock exchange as per your investment strategy.
It’s essential to stay updated with the IPO dates and other relevant information through Zerodha’s website or mobile app, as the process may vary slightly depending on the specific IPO and market conditions.
To apply for the Jupiter Hospitals IPO through Upstox, you can follow these steps:
Ensure You Have an Upstox Demat Account: You must have an active Demat account with Upstox. If you don’t have one, you can open an account on the Upstox website or app.
Complete the IPO Application: Once you have an Upstox Demat account, log in to your Upstox account using your credentials.
Access the IPO Section: Inside your Upstox account, navigate to the IPO section. You can usually find this in the ‘IPO’ or ‘Investments’ tab.
Select the Jupiter Hospitals IPO: Look for the Jupiter Hospitals IPO in the list of available IPOs and click on it to access the details.
Fill in the Application Form: Enter the number of shares you wish to apply for and provide the necessary financial and personal information as required in the IPO application form.
Payment: You’ll need to make the payment for the IPO shares you’re applying for. Ensure that you have the required funds available in your Upstox trading account.
Submit the Application: After verifying all the details, submit your IPO application. Upstox will provide you with a confirmation of your application.
Monitor Allotment: After the IPO subscription period ends, you can monitor the allotment status in your Upstox account. If you’re allotted shares, they will be credited to your Demat account.
Sell or Hold: Once the shares are credited to your Demat account, you can decide whether to hold them for the long term or sell them on the stock exchange based on your investment strategy.
Keep in mind that it’s crucial to stay updated with the IPO dates and other relevant information through the Upstox website or mobile app, as the process may vary slightly depending on the specific IPO and market conditions.
To apply for the Jupiter Hospitals IPO through Paytm Money, you can follow these steps:
Ensure You Have a Paytm Money Account: You must have an active Paytm Money account. If you don’t have one, you can download the Paytm Money app and sign up for an account.
Complete Your KYC: Ensure that your Know Your Customer (KYC) process is complete and your account is KYC-verified. This is a mandatory requirement for IPO applications.
Access the IPO Section: After logging in to your Paytm Money account, navigate to the IPO section. You can usually find this in the ‘IPOs’ or ‘Investments’ tab.
Select the Jupiter Hospitals IPO: Look for the Jupiter Hospitals IPO in the list of available IPOs and click on it to access the details.
Fill in the Application Form: Enter the number of shares you wish to apply for and provide the necessary financial and personal information as required in the IPO application form.
Payment: You’ll need to make the payment for the IPO shares you’re applying for. Ensure that you have the required funds available in your Paytm Money account.
Submit the Application: After verifying all the details, submit your IPO application. Paytm Money will provide you with a confirmation of your application.
Monitor Allotment: Once the IPO subscription period ends, you can monitor the allotment status in your Paytm Money account. If you’re allotted shares, they will be credited to your Demat account.
Sell or Hold: After the shares are credited to your Demat account, you can decide whether to hold them for the long term or sell them on the stock exchange based on your investment strategy.
Stay updated with the IPO dates and other relevant information through the Paytm Money app, as the process may vary slightly depending on the specific IPO and market conditions. Paytm Money usually provides a user-friendly interface to make the IPO application process convenient for investors.
The size of the IPO is Rs. 869 crores.
The allotment date for Jupiter Life Line IPO is 13th September 2023.
The listing date for Jupiter Life Line IPO is 18th September 2023.