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Jupiter Life Line Hospitals Ltd saw strong need on the very first day of its going public. The membership duration started on September 6, 2023, and will conclude on September 8, 2023.
At the end of the very first day, the IPO had actually been subscribed 0.87 times. The non-institutional financiers (NII) part was oversubscribed 1.43 times, while the retail part was subscribed 1.10 times. The certified institutional purchaser (QIB) part saw a membership of 0.01 times.
The general public offering, with a rate band of Rs 695-735, got quotes for 73,86,440 shares versus the used 84,97,169 equity shares.
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With strong need for the IPO on day 1, the unlisted shares of Jupiter Life Line Hospitals got momentum in the grey market. The grey market premium has actually increased to Rs 270 today, compared to Rs 218 the other day.
Prior to the IPO launch, Jupiter Life Line Hospitals raised Rs 261 crore from anchor financiers, consisting of noteworthy names like the Singapore Government, Abu Dhabi Investment Authority, Goldman Sachs, and a number of shared funds and insurance provider.
Different brokerage companies, such as SBI Securities, Reliance Securities, and Hensex Securities, have actually provided a “Subscribe” score to the concern, mentioning the business’s strong existence in health care, growing footprint in the Western area, varied income mix, and robust monetary efficiency.
Issues were raised about the business’s high reliance on its Thane healthcare facility.
ICICI Securities Limited, Nuvama Wealth Management Limited, and JM Financial Limited are the book running lead supervisors for the IPO, with KFin Technologies Limited acting as the Registrar to the Offer. The Equity Shares are planned to be noted on both BSE and NSE.
Cakra News
Julian Marks
Trace Hane