Jupiter Life Line Hospitals Limited 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 beds across three hospitals as of March 31, 2023.
The company 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 (i.e. census and non-census beds) of 950 beds and 961 beds, as of March 31, 2023.
As on the date of 31 March 2023, Jupiter Life Line Hospitals has 1,306 doctors including specialists, physicians and surgeons.
Jupiter Life Line Hospitals 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.
Jupiter Life Line Hospitals IPO – Details
| IPO Opening Date | 06 September 2023 |
| IPO Closing Date | 08 September 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,18,24,163 Shares Worth ₹869.08 Crore Fresh Issue: 73,74,163 Shares Worth ₹542.00 Crore Offer for Sale: 44,50,000 Shares Worth ₹327.08 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹695 – ₹735 |
| Market Lot | 20 Shares |
| Min Order | 20 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | KFin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Jupiter Life Line Hospitals IPO – Date Schedule
| IPO Open Date | 06 September 2023 |
| IPO Close Date | 08 September 2023 |
| Basis of Allotment Date | 13 September 2023 |
| Initiation of Refunds | 14 September 2023 |
| Credit of Shares to Demat Account | 15 September 2023 |
| IPO Listing Date | 18 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 08 September 2023 |
Jupiter Life Line Hospitals IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | 14,700 |
| Retail (Max) | 13 | 260 | 1,91,100 |
| S-HNI (Min) | 14 | 280 | 2,05,800 |
| S-HNI (Max) | 68 | 1360 | 9,99,600 |
| B-HNI (Min) | 69 | 1380 | 10,14,300 |
Competitive Strengths
- Key multi-specialty tertiary and quaternary healthcare provider with a track record of over 15 years, strong brand recognition and clinical expertise.
- ‘All-hub-no-spoke’ model with focus on quality patient care supported by modern infrastructure and technological capabilities.
- Ability to attract and retain skilled and experienced healthcare professionals.
- Track-record of operational and financial performance with a diversified revenue mix.
- Experienced and qualified professional management team with a focus on environmental, social and governance initiatives.
Company Promoters
- Dr. Ajay Thakker
- Dr. Ankit Thakker
- Western Medical Solutions LLP
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 490.26 | 488.71 | -2.29 | 425.52 |
| 31 March 2022 | 737.14 | 659.82 | 51.12 | 495.24 |
| 31 March 2023 | 902.96 | 772.05 | 72.90 | 468.62 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 52.68 |
| Market Cap (₹ Cr.) | 4819.1 |
| ROE | 20.03% |
| ROCE | 20.94% |
| EPS (Rs) | 13.95 |
| RoNW | 20.03% |
Object Of The Issue
- Repayment/pre-payment, in full or part, of borrowings availed from banks by the Company and Material Subsidiary.
- General corporate purposes.
Jupiter Life Line Hospitals IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 5 | Apollo Hospitals Enterprise Limited | 84.64 |
| 2 | 10 | Fortis Healthcare Limited | 40.26 |
| 3 | 10 | Max Healthcare Institute Limited | 45.97 |
| 4 | 10 | Narayana Hrudayalaya Limited | 33.14 |
| 5 | 2 | Global Health Limited | 53.70 |
| 6 | 10 | Krishna Institute of Medical Sciences Limited | 45.09 |
Jupiter Life Line Hospitals IPO Promoter Holding
| Pre Issue Share Holding | 49.79% |
| Post Issue Share Holding | 40.91% |
Jupiter Life Line Hospitals IPO Prospectus
Company Contact Information
| Jupiter Life Line Hospitals Limited 1004, 10th Floor, 360 Degree Business Park, Maharana Pratap Chowk, LBS Marg, Mulund (West), Mumbai – 400 080, Maharashtra, India Phone: + 91 22 21725623 Email: cs@jupiterhospital.com Website: www.jupiterhospital.com |
Jupiter Life Line Hospitals IPO Registrar
| KFin Technologies Limited Phone: +91 40 6716 2222 Email: jupiterlife.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Jupiter Life Line Hospitals IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. Nuvama Wealth Management Limited 3. JM Financial Limited |
Jupiter Life Line Hospitals IPO FAQs
| What is Jupiter Life Line Hospitals IPO? Jupiter Life Line Hospitals IPO is a main-board IPO. The issue is priced at ₹695 to ₹735 per equity share. The IPO is to be listed on BSE & NSE. |
| When Jupiter Life Line Hospitals IPO will open? The IPO is to open on 06 September 2023 for QIB, NII, and Retail Investors. |
| What is Jupiter Life Line Hospitals IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Jupiter Life Line Hospitals IPO? You can apply Jupiter Life Line Hospitals IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Jupiter Life Line Hospitals IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Jupiter Life Line Hospitals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Jupiter Life Line Hospitals IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Jupiter Life Line Hospitals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Jupiter Life Line Hospitals IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Jupiter Life Line Hospitals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Jupiter Life Line Hospitals IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Jupiter Life Line Hospitals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Jupiter Life Line Hospitals IPO Size? Jupiter Life Line Hospitals IPO size is ₹869.08 Crore. |
| What is Jupiter Life Line Hospitals IPO Price Band? Jupiter Life Line Hospitals IPO Price Band is ₹695 to ₹735. |
| What is Jupiter Life Line Hospitals IPO Minimum and Maximum Lot Size? The minimum bid is 20 Shares with ₹14,700 amount while the maximum bid is 260 shares with ₹1,91,100. |
| What is the Jupiter Life Line Hospitals IPO Allotment Date? Jupiter Life Line Hospitals IPO allotment date is 13 September 2023. |
| What is the Jupiter Life Line Hospitals IPO Listing Date? Jupiter Life Line Hospitals IPO listing date is 18 September 2023. The IPO is to list on BSE and NSE. |
