Jupiter Lifeline Hospitals is set to launch an IPO which will open on September 06, 2023, and close on September 08, 2023. Through this public offer company wants to raise Rs. 869.08 Crore from the primary market, Company fixed the IPO price of Rs. 735 with a minimum lot of 20 shares, and list on September 18, according to the preliminary papers filed to the capital market regulator SEBI.

JUPITER LIFELINE HOSPITALS is the key multi-specialty tertiary and quaternary healthcare provider in Mumbai and the western region of India with a total bed capacity of 1,194. Currently company operates three hospitals in Pune, Thane, and Indore under the brand name “Jupiter” Along with this company is also engaged in developing a more than 500-bed capacity multi-specialty hospital at Dombivli (Maharashtra). Focus on “ALL-HUB-NO-SPOKE” model which focuses on quality patient care supported by infrastructure and technologies

The Hospital has more than 30 key specialties including Bariatric surgery, cardiac surgery, breast care center, Cardiology, ENT, etc.

As of March 2023, the hospital has more than 950 operational beds capacity with 1306 doctors, surgeons, physicians, etc. and the patient volume was 773,937. In the fiscal year 2023, the company generated Rs. 89.26 Crore in revenue from operations, and Rs. 48.61 crore in the year 2022. Do not miss to check IPO status by just visiting to IPO Deliver IPO Allotment page.

#Jupiter Lifeline Hospitals IPO Object

The company proposed to use the IPO Funds for the below-mentioned purposes:

1. Rs. 51.05 crore of the total net proceeds fund will be used for repayment/pre-payment in part or full to the bank against the borrowing and to the material subsidiary.
2. The rest of the funds will be used for general corporate purposes and offer expenses.

#Jupiter Lifeline Hospitals Strength

1. Key multi-specialty and quaternary healthcare provider.
2. Strong brand recognition and clinical expertise
3. Focus on “ALL-HUB-NO-SPOKE” model which focuses on quality patient care supported by infrastructure and technologies.
4. Experienced and qualified professional management team.
5. Ability to attract and retain skilled and experienced healthcare professionals.

#Jupiter Lifeline Hospitals Forward Statements

1. Patient volume and utilization of healthcare service mix.
2. Occupancy levels and length of hospital stay.
3. Employee cost and professional fees.
4. Extensive regulations and policies
5. Significant amount of purchase of medical equipment and related things.

#Jupiter Lifeline Hospitals IPO Review & Rating

Issue Size	Rs. 869.08 crore (Book built issue)
Issue Price	Rs. 695-735 per share
Lot size	20 shares
Market Capitalization
Profit – 2023	72.90 Crore
Total Assets – 2023	98.55 Crore
Debt/Equity ratio
NAV Value	Rs. 64.39 per share
Pre-offer Promoter holding	49.79%
Listing on Stock Exchanges	NES & BSE  (Mainboard)
IPO Deliver Rating	4.5/10

 

#Jupiter Lifeline Hospitals IPO Dates, Price Band, Lot Size & Details

Jupiter Lifeline Hospitals IPO is open on September 06, 2023, and closes on September 08, 2023. The IPO list on September 18, 2023.

Type of issue	Fresh issue and offer for sale
Issue Size	Rs. 869.08 Crore (11, 824, 163 shares)
Price band	Rs. 695-735 per share
Lot size	20 equity shares
Face Value	Rs.10 each equity share
IPO Open	September 06, 2023
IPO Close	September 08, 2023
IPO Allotment Date	September 13, 2023
Refund Date	September 14, 2023
Listing Date	September 18, 2023
Fresh Issue	Rs. 542 Crore (7,374,163 equity share)
Offer for sale	Rs. 327.06 Crore (4,450,000 equity share)

 

#Jupiter Lifeline Hospitals Financials Review (millions)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.

Category	March 31, 2021	March 31, 2022	March 31, 2023
Total Revenue	4,861.64	7,331.23	8,925.43
Net worth	2,464.41	2,884.33	3,639.10
Profit after Tax (PAT)	(22.97)	511.28	729.05
Total Borrowings	4,225.22	4,952.46	4,686.27

 

#Jupiter Lifeline Hospitals IPO Quantitative Factors

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.

Category	March 31, 2023	March 31, 2022	March 31, 2021
Basic EPS	(0.45)	10.05	13.95
Diluted EPS	(0.45)	9.65	12.95
P/E Ratio	50.47 Avr.	–	–
RoNW	20.03	17.73	(0.93)
NAV	Rs. 64.39 per share	Rs. 56.70 per share	Rs. 48.45 per share

 

#Jupiter Lifeline Hospitals IPO Industry peers

Company	EPS	P/E Ratio	RoNW	NAV
Apollo Hospitals	56.97	84.64	16.40	378.33
Fortis Healthcare	7.80	40.26	20.90	46.67
Global Health	42.03	45.09	25.70	193.96

 

#Jupiter Lifeline Hospitals IPO Application

Option-1 Apply for IPO through Internet Banking

• Log into your bank account.
• In the invest Tab, you will see ASBA, click on it.
• Choose to apply for IPO and select the ongoing IPO “Jupiter Lifeline Hospitals Limited”
• Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
• After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.

Option-2 Apply for IPO through a Broker

• Log into your broker account (Upstox/Zerodha etc.)
• Click on the IPO tab and select the ongoing IPO “Jupiter Lifeline Hospitals Limited”
• Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
• Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.

Option-3 Apply for IPO Offline Mode Bank mode

• Visit the nearest branch of your bank
• Fill out the ASBA form and submit it with KYC details
• Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.

Option – 4 Apply for IPO through Stock Exchanges

NSE Form – Click to download

BSE Form – Click to download

Submit the form with your bank/broker.

#Jupiter Lifeline Hospitals IPO – DRHP & RHP

Draft Red Herring Prospectus (DRHP) – Click to view/download

Red Herring Prospectus (RHP) – Click to view/download

#Jupiter Lifeline Hospitals IPO Registrar

#Kfin Technologies Limited

Regd. Office: Selenium Tower B, Plot No. 31 & 32 Gachibowli, Financial District Nanakramguda, Serilingampally Hyderabad – 500 032 Telangana, India

Tel: +91 4067162222 and Email: jupiterhospitals.ipo@kfintech.com

Website: www. kfintech.com  

#Jupiter Lifeline Hospitals IPO lead manager

#1. ICICI Securities Limited

Regd. Office: ICICI Venture House Appasaheb Marathe Marg Prabhadevi, Mumbai – 400 025 Maharashtra, India

Tel No.: +91 226807100 and Email: jupiterhospitals.ipo@icicisecurities.com

Website: www. icicisecurities.com

#2. Nuvama Wealth Management Limited

Regd. Office: 801 – 804, Wing A, Building No 3 Inspire BKC, G Block Bandra Kurla Complex, Bandra East Mumbai – 400 051 Maharashtra, India

Tel No.: +91- 22 4009 4400 and Email: jupiterhospitals.ipo@nuvama.com

Website: www.nuvama.com

#3. JM Financial Limited

Regd. Office: 7th Floor, Cnergy Appasaheb Marathe Marg, Prabhadevi Mumbai – 400 025 Maharashtra, India

Tel No: +91- 2266303030 and Email ID: jupiterhospitals.ipo@jmfl.com

Website: www.jmfl.com

#Jupiter Lifeline Hospitals Company Promoter

The company has three promoters

• Ajay Thakker
• M/s. Western Medical Solution LLP
• Ankit Thakker

 

• Pre-offer shareholding: 49.79% (28,97,623 equity shares) Post-offer shareholding: ….%
• The average cost of acquisition for promoter-selling shareholders: Rs. 10 & Rs. 23 per equity share.

#Jupiter Lifeline Hospitals IPO Pre-offer and Post-Offer Promoters shareholding

Pre-offer promoter (03) & promoter group (07) shareholding 49.79%

Post-offer promoter & promoter group shareholding …..%

#Jupiter Lifeline Hospitals IPO Reservation

Retail investor (QIB): Not more than 50% of the offer size 

NII: Not more than 15% of the offer size 

RII: Not less than 35% of the offer size

#Jupiter Lifeline Hospitals Company Details

Jupiter Lifeline Hospitals Limited (Registered on November 18, 2002)

Regd. Office: 1004, 10th floor, 360 Degree Business Park, Maharana Pratap Chowk, LBS Marg, Mulund (West), Mumbai – 400 080, Maharashtra, India

Tel: +91 22 21725623 & Email: cs@jupiterhospital.com

Website: www.jupiterhospital.com

Investor Grievances/Compliance Officer: Mrs. Suma Upparatti

Subsidiary Companies:

1. Jupiter Project Hospital Private Limited
2. Medulla Healthcare Private Limited

#Jupiter Lifeline Hospitals Company Board (Top 3)

Dr. Ajay Thakker (68) Managing Director & Chairman

Dr. Ankit Thakker S (35) Executive Director & CEO

Dr. Bhaskar Shah (68) Non-executive Director

#Jupiter Lifeline Hospitals IPO – Frequently Asked Questions (FAQ’s)

Q-1 What is Jupiter Lifeline Hospitals IPO Open date?

Ans: Jupiter Lifeline Hospitals IPO opening date is September 06– September 08, 2023.

Q-2 what is Jupiter Lifeline Hospitals IPO Close date?

Ans: Jupiter Lifeline Hospitals IPO opening date is September 08, 2023

Q-3 What is Jupiter Lifeline Hospitals IPO Listing date?

Ans: Jupiter Lifeline Hospitals IPO opening date is September 18, 2023

Q-4 What is Jupiter Lifeline Hospitals IPO Minimum investment amount?

Ans: Jupiter Lifeline Hospitals IPO minimum investment amount is Rs. 14,700/-

Q-5 What is Jupiter Lifeline Hospitals IPO offer issue Size?

Ans: Jupiter Lifeline Hospitals offer an issue size of Rs. 869.08 crores, which comprise fresh issue and offer for sale.

Q-6 What is Jupiter Lifeline Hospitals IPO Price Band?

Ans: Jupiter Lifeline Hospitals IPO price band is Rs 695-735 per share.

Q-7 Is any similar segment/sector listed company in India?

Ans: Yes

Q-8 Is Jupiter Lifeline Hospitals IPO mainboard IPO or SME IPO?

Ans: Jupiter Lifeline Hospitals IPO is the Mainboard IPO.

Q-9. What is Jupiter Lifeline Hospitals’ promoter name?

Ans: Jupiter Lifeline Hospitals has three promotors Dr. Ajay Thakker, Dr. Bhashkar Shah and Dr. Ankit Thakker.

Q-10 Jupiter Lifeline Hospitals IPO Rating by IPO Deliver Team?

Ans: Four & half Rating