Jupiter Life Line Hospitals Limited is coming up with an IPO consisting of both fresh issue and offer for sale. The company is issuing fresh equity shares aggregating to INR 542 crores. The existing shareholders are selling 44,50,000 shares. The total IPO size is approximately 689 crores.
Jupiter Life Line IPO – Important Details
| Jupiter Life Line Hospitals IPO Date | 6th September- 8th September 2023 |
| Jupiter Life Line Hospitals IPO Listing Date | 18th September 2023 |
| Jupiter Life Line Hospitals IPO Price | INR 695-735 per share |
| Jupiter Life Line Hospitals IPO Lot Size | 20 shares |
| Jupiter Life Line Hospitals IPO Total Issue Size | Approx INR 869 crores |
| Jupiter Life Line Hospitals IPO Basis of Allotment | 13th September 2023 |
| Jupiter Life Line Hospitals IPO Initiation of Refunds | 14th September 2023 |
| Jupiter Life Line Hospitals IPO Credit of Shares to Demat | 15th September 2023 |
| Jupiter Life Line Hospitals IPO Issue Type | Book Built Issue IPO |
| Jupiter Life Line Hospitals IPO Listing At | BSE, NSE |
Jupiter Hospitals IPO – Company Profile
Jupiter 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 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 operates three hospitals under the “Jupiter” brand in Thane, Pune and Indore.
According to the CRISIL Report, the company’s Thane and Indore hospitals are amongst the few hospitals in the western region of India to provide neuro rehabilitation services through a dedicated robotic and computer-assisted neuro rehabilitation center.
The company has received various awards and recognition. Few of them are as follows:
- In the year 2019, the company received the ‘Hospital of the year’ award at Healthcare Asia Awards.
- In 2023, the company was awarded the certificate of excellence for its Indore Hospital for being the cleanest hospital in Indore at the Swachh Ward Rankings.
Jupiter Life Line Hospitals IPO Objective
Apart from growth and development, the company has two main objectives of this offer:
- Repayment of borrowings: The Company and its material subsidiary have entered into various financing arrangements with banks, which include term loans and working capital facilities, including fund based and non-fund based borrowings. As on March 31, 2023, the total indebtedness under the various financing arrangements of the Company and its material subsidiary aggregated to ₹ 4,76.36 crores. The Company proposes to utilise an estimated amount of ₹ 510.40 crores from the Net Proceeds towards repayment of its borrowings.
- General corporate purpose: The company plans to deploy the balance funds towards general corporate purpose which is not limited to meeting expenses incurred in ordinary course of business such as strategic initiatives including advancement of information technology, meeting future branch and business expansion,etc.
Jupiter Life Line IPO Risks And Challenges
- Dependency Risk: The company is dependent on its Thane Hospital for a major portion of its revenue. As on 31st March 2023, 54.18% of the revenue was generated from Thane hospital. Any material impact on the hospital in Thane, by reason of a reduction in patient footfall, regulatory changes, reputational harm, liabilities on account of medical negligence, adverse publicity or natural calamities and increased competition, could have a material adverse effect on the business, financial condition and results of operations..
- Pending litigations: Certain public interest litigations have been initiated against the Company in relation to the land on which the Thane Hospital is situated. In the event of any adverse orders being pronounced against the company, results of operations, business and financial condition may be adversely impacted.
- Technological obsolescence:An inability to keep pace with technological changes, new equipment, replacement of obsolete equipment and service introductions, changes in patients’ needs and evolving industry standards as well as failure or malfunction of our medical or other equipment could adversely affect the business, financial condition and results of operations.
Jupiter Hospitals IPO Peer Comparison
| Company | Total Income (₹ in millions) | Face Value per Equity Share (₹) | P/E | EPS Basic (₹) | EPS Diluted (₹) | RoNW(%) | NAV per Equity Share (Basic) (₹) |
| Jupiter Hospitals Limited | 9,029.63 | 10 | NA | 13.95 | 12.95 | 20.03% | 64.39 |
| Apollo Hospitals Enterprise Limited | 167,028.00 | 5 | 84.64 | 56.97 | 56.97 | 16.40% | 378.33 |
| Fortis Healthcare Limited | 63,593.49 | 10 | 40.26 | 7.80 | 7.80 | 20.90% | 46.67 |
| Max Healthcare Institute Limited | 47,018.40 | 10 | 45.97 | 11.38 | 11.36 | 62.80% | 24.14 |
| Narayana Hrudayalaya Limited | 45,902.10 | 10 | 33.14 | 29.85 | 29.85 | 35.40% | 90.50 |
| Global Health Limited | 27,591.63 | 2 | 53.70 | 12.58 | 12.57 | 16.20% | 90.35 |
| Krishna Institute of Medical Sciences | 22,235.50 | 10 | 45.09 | 42.03 | 42.03 | 25.70% | 193.96 |
Jupiter Life Line IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in Million) | 4,861.64 | 7,331.23 | 8,925.43 |
| Equity (₹ in Million) | 2,464.41 | 2,884.33 | 3,639.10 |
| Expenses (₹ in Million) | 4,887.14 | 6,598.28 | 7,720.51 |
| Profit and Loss After Tax (₹ in Million) | (22.97) | 511.28 | 731.06 |
| RoNW (%) | (0.93)% | 17.73% | 20.03% |
| Diluted EPS only (₹) | 12.95 | 9.65 | (0.45) |
| Total Assets (in million) | 7,889.05 | 9,086.97 | 9,855.34 |
| Total Liabilities (in million)
|
5,424.64 | 6,202.64 | 6,216.24 |
Jupiter Life Line Hospitals IPO – Industry & Market Potential
Global healthcare spending has been rising faster in keeping with the economic growth. As the economy grows, public and private spending on health increases, too. Also, greater sedentary work is giving rise to chronic diseases, which is also pushing up healthcare spending. Fast-growing economies with low spending on health are seeing chronic diseases increase dramatically as they move up the income ladder.
Quaternary care hospitals are an extension of tertiary care in reference to advanced levels of medicine which are highly specialised and not widely accessed, and usually only offered in a very limited number of hospitals. Experimental medicine and some types of uncommon diagnostic or surgical procedures are considered quaternary care.
Breaching pre-COVID level in Fiscal 2022, CRISIL MI&A Research estimates the Indian healthcare delivery industry to post healthy 10% to 12% compound annual growth rate between Fiscal 2022 and Fiscal 2027, driven by long term structural factors, strong fundamentals, increasing affordability and potential of the Ayushman Bharat scheme.
Jupiter Life Line Hospitals IPO – Type of Offer
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 542 crores. This fund will be used to repay the borrowings of the company and its material subsidiary.
- Offer For Sale (OFS): Existing shareholders, including promoters , will sell a portion of their stake in the company. The promoters are offering 44,50,000 shares for sale.
Jupiter Hospitals IPO Offer Size
Jupiter Life Line Hospitals Limited is coming up with an IPO consisting of both fresh issue and offer for sale. The company is issuing fresh equity shares aggregating to INR 542 crores. The existing shareholders are selling 44,50,000 shares. The total IPO size is approximately 689 crores.
Jupiter Hospitals IPO Allotment Structure
The IPO allotment structure for Jupiter Hospitals is planned as follows:
- Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
- Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs. 2 lakhs.
- Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
How to apply for a Jupiter Hospitals IPO through Alice Blue?
To apply for the Jupiter Hospitals IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Jupiter Hospitals IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for Jupiter Hospitals IPO at Alice Blue in just a few clicks!
Check Allotment Status: Post the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check Jupiter Hospitals IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Jupiter Hospitals IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Jupiter Hospitals IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Jupiter Hospitals IPO:
- Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Jupiter Hospitals IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
- NSE and BSE: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Jupiter Life Line Hospitals IPO Offer Registrar
The registrar for the Jupiter Hospitals IPO is KFin Technologies Limited They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly:
Contact information for the registrar:
KFin Technologies Limited
Selenium Tower B, Plot No. 31 & 32, Gachibowli
Financial District, Nanakramguda, Serilingampally,
Hyderabad– 500 032 Telangana, India
Telephone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
Jupiter Life Line IPO FAQs
1. What is the allotment date of the Jupiter Hospitals IPO?
The allotment date is 13th September 2023
2. What is the price band of Jupiter Hospitals IPO?
The price band of the issue is INR 695 to 735 per share.
3. What is the size of the Jupiter Hospitals IPO?
Jupiter Life Line Hospitals Limited is coming up with an IPO consisting of both fresh issue and offer for sale.The total IPO size is approximately 689 crores.
4. What is the listing date of the Jupiter Hospitals IPO?
The listing date is 18th Septemebr 2023
