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Jupiter Hospitals IPO

Jupiter Life Line Hospitals IPO

  • Status: Closed
  • RHP:
  • ₹ 13,900 / 20 shares

    Minimum Investment

IPO Details

  • Open Date

    06 Sep 2023

  • Close Date

    08 Sep 2023

  • IPO Price Range

    ₹ 695 to ₹ 735

  • IPO Size

    ₹ 869.08 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    18 Sep 2023

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IPO Timeline

Jupiter Life Line Hospitals IPO Subscription Status

Last Updated: 08 September 2023 6:03 PM by 5Paisa

Jupiter Life Line Hospitals Limited IPO is all set to open from 6th September to 8th September 2023. The company is a multi-specialty tertiary and quaternary healthcare provider. The IPO includes a fresh issue of 7,374,163 equity shares worth ₹542.00 cr and an Offer For Sale (OFS) of 4,450,000 equity shares worth ₹327.08 cr. The total issue size is ₹869.08 cr. The share allotment date is 13th September, and the IPO will be listed on 18th September on the stock exchanges. The price band is ₹695 to ₹735 per share and the lot size is 20 shares.    

ICICI Securities Limited, Nuvama Wealth Management Limited, and JM Financial Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar. 

Objectives of Jupiter Hospitals IPO:

●    Full or partial, pre-payment or repayment of borrowings obtained from banks by the company and its material subsidiary
●    Fund general corporate purposes 
 

Jupiter Hospitals IPO Video:

 

Established in 2007, Jupiter Life Line Hospitals Limited is a multi-specialty tertiary and quaternary healthcare provider in the Mumbai Metropolitan Area (MMR) as well as western region of India. 

At present, the company operates three hospitals under the renowned "Jupiter" brand, in Thane, Pune, and Indore. The Thane and Indore hospitals are one of the few facilities in Western India, offering specialized neuro-rehabilitation services through a dedicated center employing robotics and computer assistance. 

The three hospitals collectively house 1,194 operational beds and are served by a medical team consisting of 1,306 professionals, including specialists, physicians, and surgeons, as of March 31, 2023. These hospitals have also received certification from the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and hold accreditation in the field of medical testing from the National Accreditation Board for Testing and Calibration Laboratories (NABL).

Jupiter Life Line Hospitals is also planning to develop a new multi-specialty hospital in Dombivli, Maharashtra. This facility is designed to accommodate more than 500 beds. Its construction commenced in April 2023.

Peer Comparison

●    Apollo Hospitals Enterprise Limited
●    Max Healthcare Institute Limited
●    Fortis Healthcare Limited
●    Narayana Hrudayalaya Limited
●    Krishna Institute of Medical Sciences Limited
●    Global Health Limited
 

For More Information:
Webstory on Jupiter Hospitals IPO
Jupiter Hospitals IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 892.54 733.12 486.16
EBITDA 211.74 157.40 71.26
PAT 72.90 51.12 -2.29
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets  985.53 908.69 788.90
Share Capital 56.51 50.86 50.86
Total Borrowings 621.62 620.26 542.46
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 176.40  136.97  123.40
Net cash from / (used in) investing activities -94.24 -85.24 -295.84
Net cash flow from / (used in) financing activities -51.05 32.20 184.29
Net increase (decrease) in cash and cash equivalents 31.09 83.92  11.85

Strengths

1.    The company has a track record of over 15 years, strong brand recognition and clinical expertise.
2.    ‘All-hub-no-spoke’ model with a focus on quality patient care supported by modern infrastructure and technological capabilities.
3.    Ability to attract and retain skilled and experienced healthcare professionals. 
4.    Proven track record of operational and financial performance with a diversified revenue mix.
5.    Experienced management team. 
6.    Planning to expand its operation in the western region. 
 

Risks

1.    More than half of the company’s revenue is dependent on its Thane hospital. 
2.    Operates in a highly regulated industry.  
3.    Higher working capital requirements for medical equipment cost, manpower cost, infrastructure maintenance and repair costs, ancillary items and pharmaceuticals. 
4.    The company and its subsidiary have incurred losses in the past. 
5.    Operates in a highly competitive industry. 
6.    Lower bed occupancies than the majority of its listed peers.
 

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FAQs

The minimum lot size of Jupiter Hospitals IPO is 20 shares and the investment required is ₹13,900.

The price band of Jupiter Hospitals IPO is ₹695 to ₹735.

Jupiter Hospitals IPO is open from 6th September to 8th September 2023.
 

The total size of Jupiter Hospitals IPO is ₹869.08 cr. 

The share allotment date of Jupiter Hospitals IPO is 13th September.

The Jupiter Hospitals IPO will be listed on the 18th of September.

ICICI Securities Limited, Nuvama Wealth Management Limited, and JM Financial Limited are the book-running lead managers for Jupiter Hospitals IPO.

Jupiter Hospitals plans to utilize the raised capital from IPO to:

1.    Full or partial, pre-payment or repayment of borrowings obtained from banks by the company and its material subsidiary
2.    Fund general corporate purposes  
 

To apply for the Jupiter Hospitals IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Jupiter Life Line Hospitals Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.