Jupiter Lifeline Hospitals IPO GMP, Details to watch, Guidance & Subscription status @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
Jupiter Lifeline Hospitals IPO Live Analysis:
Live Analysis in English https://youtu.be/Vy_bgwJs9XY
Live Analysis in Gujarati https://youtu.be/1kO-Tqs8FkU
Jupiter Lifeline Hospitals IPO Guidance:
In the last 3 years, from a loss, the company has shown net profit of Rs.72.91 Cr. The shares are offered at very high valuation of 52.69. May not give returns as an Investment. Whether to apply or not, based on GMP, is upto you.
Jupiter Lifeline Hospitals IPO Grey Market Premium
Premium: Rs.230
After allotment, no subject to trade takes place
Subscription Status of Jupiter Lifeline Hospitals IPO?
On 8 September 2023 @ 5.00 (Day 3) (Closed)
Review: Large IPO size,so bumper oversubscription difficult
QIB: 2372,880 Shares 187.32 T
NII(10L+): 1224,858 Shares 39.24 T
NII (<10L) 612,429 Shares 25.78 T
NII (Total) 1837,287 Shares 34.75 T
RII: 4287,002 Shares 7.73 T
Total: 8497,169 Shares 63.72 T
Jupiter Lifeline Hospitals IPO Promoters
DR. AJAY THAKKER, DR. ANKIT THAKKER AND
WESTERN MEDICAL SOLUTIONS LLP
Jupiter Lifeline Hospitals IPO Company Details to watch
Jupiter Lifeline Hospitals is among the key multi-specialty tertiary and quaternary healthcare providers in the Mumbai Metropolitan Area (MMR) and western region of India with a total bed capacity of 1,194 hospital beds across three hospitals as of December 31, 2022. It has been operating for over 15 years as a corporate quaternary care healthcare service provider in densely populated micro markets in the western regions of India and currently operate three hospitals under the “Jupiter” brand in Thane, Pune and Indore, with an operational bed capacity of 950 beds and 900 beds, as of the date of this DRHP and December 31, 2022, respectively, and 1,246 doctors including specialists, physicians and
surgeons, as of December 31, 2022. It is also currently in the process of developing a multi-specialty hospital in Dombivli, Maharashtra, which is designed to accommodate over 500 beds and has recently commenced construction in April 2023.
The company commenced operations in 2007 with its hospital in Thane, Maharashtra and subsequently scaled its operations by setting up a hospital in Pune, Maharashtra in 2017 and acquiring a hospital in Indore, Madhya Pradesh in 2020. Its hospitals are also located in densely populated micro markets which have a low presence of chained hospitals, which it believes provides it an opportunity to offer its
services to a larger population and helps our patients with greater access and connectivity to healthcare services.
Its hospitals function on an ‘all-hub-no-spoke’ model with each hospital being a full-service hospital, operating independently and serving the healthcare needs of patients, right from diagnostics to surgery and rehabilitation.
Its Thane and Pune hospitals are “greenfield” projects, and all three of its hospitals are located on land owned by it on a freehold basis, which it believes ensures operational control and allows it consistency in quality care resulting in long-term operational and financial efficiencies.
For more information about the company, click www.jupiterhospital.com
Objects of the IPO
The Offer comprises of the Fresh Issue by the Company and the Offer for Sale by the Selling Shareholders.
The net proceeds of the Fresh Issue are proposed to be utilised in the following manner:
1. Repayment/pre-payment, in full or part, of borrowings availed from banks by the Company and Material Subsidiary; and
2. General corporate purpose
Jupiter Lifeline Hospitals IPO Details to watch. | |
IPO opens on | 6 September ,2023 |
IPO closes on | 8 September ,2023 |
Issue Type | Book Built Issue IPO |
Issue Size | up to 11824150 Shares / Rs 869 Cr |
* Fresh Issue | up to 7374150 Shares / Rs 542 Cr |
* Offer for Sale | 44,50,000 Sh/Rs.327 Cr |
Employees Discount | 0 |
Face Value per share: | Rs. 10 |
Price Band | Rs.695-735 |
Employee discount | Rs. 0 per share |
Retail Lot Size | 20 Shares |
Listing will at | BSE, NSE |
Shares offered to | Shares | Rs. in Cr |
QIB (50 %) | 5912075 | 434.50 |
NII (15 %) | 1773623 | 130.35 |
RII (35 %) | 4138452 | 304.15 |
Employees | 0 | 0 |
Total Shares | 11824150 | 869 |
Retail portion will be oversubscribed by | ? Forms | |
How much Shares to Apply? | Rs. | |
Min Retail Application | 20 Shares | 14700 |
Max Retail Application | 260 Sh | 191100 |
Small HNI (Min) application | 280 Shares | 205800 |
Small HNI (Max) application | 1360 Sh | 999600 |
Big HNI Application | 1380 Sh | 1014300 |
Jupiter Lifeline Hospitals IPO Tentative timetable | |
IPO opens on | 6 September 2023 |
IPO Closes on | 8 September 2023 |
IPO Allotment on | 13 September 2023 |
Initiation of Refund | 14 September 2023 |
Credit to Demat Accounts | 15 September 2023 |
Listing on | 18 September 2023 |
Registered Office of Jupiter Lifeline Hospitals | |
1004, 10th Floor, 360 Degree Business Park, Maharana Pratap Chowk, LBS Marg, Mulund (West), Mumbai – 400 080, Maharashtra, India |
|
Lead Manager to the IPO | |
ICICI Securities Ltd, Edelweiss Financial Services Ltd, JM Financial Ltd |
|
Registrar to Jupiter Lifeline Hospitals IPO | |
Kfin Technologies Ltd |
Jupiter Lifeline Hospitals Financial & Analytical Ratios | ||||
Year | Total Income | Net Profit | EPS | RoNW |
Rs. in Cr. | Rs.in Cr. | Rs. | % | |
2020-21 | 490 | (2.30) | (0.45) | (0.93) |
2021-22 | 737 | 51.13 | 10.05 | 17.73 |
2022-23 | 903 | 72.91 | 13.95 | 20.03 |
Book Value of the Share on | 31.12.2022 | Rs.64.39 | ||
Book Value of the Share | after the IPO | Rs.156.93 | ||
Offer Price | Rs. 735 |
Ratio Analysis | |
Upper Price Band/last EPS | 52.69 |
Upper offer price/Book Value Ratio | 11.41 |
Upper offer price/BV after IPO Ratio | 4.68 |
Jupiter Lifeline Hospitals Peer Comparison
As on date of DRHP | FV | Total | PE |
Rs. | Income | Ratio of | |
Rs. In Cr | |||
The IPO Company | 10 | 903 | 52.69 |
Apollo Hospitals | 5 | 16703 | 84.64 |
Fortis Healthcare | 10 | 6359 | 40.26 |
Max Healthcare | 10 | 4702 | 45.97 |
Narayan Hrudyalay | 10 | 4590 | 33.14 |
Global Healthcare | 2 | 2759 | 53.70 |
Krishna Institute | 10 | 2224 | 45.09 |
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Jupiter Lifeline Hospitals IPO GMP Details to watch Guidance & Subscription
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