Last Updated on December 26, 2023 by BFSLTeam BFSLTeam
Jupiter Life Line Hospitals is a multi-facility healthcare provider renowned in Maharashtra and Madhya Pradesh. Recently, the company has announced the opening date, closing date and price band of its Initial Public Offering (IPO).
However, before investing, you must read the company’s Draft Red Herring Prospectus (DRHP) thoroughly. If you find the document complicated to understand, this blog will tell you everything to know about this IPO.
Keep reading to know about the upcoming Jupiter Lifeline IPO and invest wisely.
Also Read: How does an IPO work?
Table of Content
IPO Details
Jupiter Life Line Hospitals IPO opens on 6th September, 2023. It’s a book-built IPO, which means, the organisation will accept bid prices for this IPO equal to or above the floor price.
The table below highlights all the essential details of Jupiter Life Line IPO that you must know before investing.
| IPO Open Date | September 6, 2023 |
| IPO Close Date | September 8, 2023 |
| Issue Type | Book built IPO |
| Face Value | Rs. 10 per equity share |
| Price Band | Rs. 695 to Rs. 735 |
| Minimum Lot Size | 20 shares |
| Total Issue Size | 1,18,24,163 shares (Rs. 869.08 crore) |
| Fresh Issue | 73,74,163 shares (Rs. 542 crore) |
| Offer for Sale | 44,50,000 shares (Rs. 327.08 crore) |
| Listed on | BSE and NSE |
About the Company
Jupiter Life Line Hospitals is a patient-first healthcare facility thriving in western regions of India since 2007. This organisation is among the renowned tertiary and quaternary healthcare providers in the Mumbai Metropolitan Area. Under the brand name of Jupiter, this healthcare facility hosts 3 major hospitals in Indore, Thane and Pune.
The company is led by its founder, Chairman and Managing Director, Dr Ajay Thakkar who holds an experience in the medical field for 31 years. Dr Ankit Thakkar is the company’s Chief Executive Officer and Executive Director with almost 20 years of experience.
As per a CRISIL report, Jupiter Life Line Hospital has a total capacity of 1194 beds across the three hospitals. The operational bed capacity includes 950 census beds and 900 non-census beds as of December 2022. The healthcare service provider employs a total of 1246 doctors which includes surgeons, specialists and physicians.
The CRISIL report also states that Thane and Indore facilities are two of the few hospitals in Western India providing neuro-rehabilitation with robotic and computer-based centres. The company is in the process of developing multi-facility hospitals in Dombivli. This facility will be designed to hold around 500 beds. The construction of this facility commenced in April 2023 and is already in progress.
Overall, this hospital chain is well-equipped to provide services across 30 specialities based on data from December 2022. These include cardiology, paediatrics, oncology, neurology, robotic knee transplant, brachytherapy and radiotherapy among many more. The company also runs a multi-organ transplant centre in Thane.
Also Read: IPO investment strategy: Tips for investing in an IPO
IPO Tentative Timeline
Let’s take a look at the tentative dates associated with Jupiter Life Line Hospital’s IPO.
| IPO Open Date | September 6, 2023 (Wednesday) |
| IPO Close Date | September 8, 2023 (Friday) |
| Cut-off time for UPI mandate confirmation | September 8, 2023, 5 p.m. (Friday) |
| Basis of Allotment | September 13, 2023 (Wednesday) |
| Initiation of Refunds | September 14, 2023 (Thursday) |
| Credit of Shares to accounts | September 15, 2023 (Friday) |
| Listing Date | September 18, 2023 (Monday) |
IPO Lot Sizes
Here are the important details about Jupiter Life Line IPO lot sizes.
| Applications | Lots | Shares | Amount |
| Retail (min) | 1 | 20 | Rs. 14,700 |
| Retail (max) | 13 | 260 | Rs. 1,91,100 |
| S-HNI (min) | 14 | 280 | Rs. 2,05,800 |
| S-HNI (max) | 68 | 1,360 | Rs. 9,99,600 |
| B-HNI (min) | 69 | 1,380 | Rs. 10,14,300 |
Company Financials
The table below displays the important financial metrics of Jupiter Life Line Hospitals.
| Particulars | For the Financial Year Ending (in Rs. Million) | ||
| March 31, 2022 | March 31, 2021 | March 31, 2020 | |
| Total Assets | 9,086.97 | 7,889.05 | 6,029.22 |
| Total Liabilities | 6,202.64 | 5,424.64 | 3,661.84 |
| Total Expenses | 6,598.28 | 4,887.14 | 4,319.42 |
| Total Revenue | 7,371.44 | 4,902.69 | 4,648.31 |
| Profit After Tax | 511.28 | (22.97) | 296.33 |
| EBITDA | 1,574.09 | 712.68 | 844.87 |
Strengths
To decide whether to invest in Jupiter Life Line, here are a few noteworthy strengths of the company that you must know:
- Jupiter Life Line Hospitals has been a prominent tertiary and quaternary healthcare provider in Western India for the past 15 years. This chain of hospitals has held strong brand recognition for ages owing to the clinical expertise of faculties here.
- The hospital chain has a positive track record regarding its ability to hire and retain excellent medical professionals than other healthcare facilities in the area.
- Its ‘All-hub-no-spoke’ business model allows the hospital to focus on efficient healthcare service with the help of advanced technology and modern infrastructure.
- The professional and exceptionally qualified management team running this organisation also participate in environmental, social and governance activities.
- Jupiter Life Line Hospitals has plans to pursue and implement inorganic growth opportunities in their focused micro-markets.
Risks
Besides the above strengths, here are a few risks associated with Jupiter Life Line Hospitals IPO that you must know before investing:
- The company relies highly on each of its medical practitioners like doctors and nurses. Any failure to attract the best professionals in the field can be harmful to this company’s business.
- If the company fails to pass over their expenses like high medical cost, manpower and equipment costs to the patient, its finances may suffer.
- The company goes through several rounds of regulations and the management must obtain periodic licenses, accreditation and regularity permits. Failure related to compliance can affect its business adversely.
Summary
The points above summarise all the essential points that investors should know by reading the DRHP of Jupiter Life Line Hospitals. As per this document, the hospital chain plans to use its net proceeds from its IPO to expand its business in the Western markets. If you consider the goal of Jupiter Life Line Hospitals IPO aligns with your investment strategy, you can invest here.
