Jupiter Life Line Hospitals: Key IPO Details

Basic information about the company Founded in 2007, Jupiter Life Line Hospitals Limited has emerged as a beacon of healthcare excellence in the Mumbai Metropolitan Area (MMR) and the western region of India. With a steadfast commitment to providing top-notch medical services, this multi-speciality tertiary and quaternary healthcare provider has carved a niche for itself in the healthcare industry. Jupiter Life Line Hospitals currently operates three state-of-the-art facilities under the "Jupiter" brand. These hospitals are strategically located in Thane, Pune, and Indore, ensuring comprehensive healthcare access to a wide geographical area. As of March 31, 2023, the combined bed capacity of these hospitals exceeds 1100, supported by a dedicated team of over 1,300 doctors, including specialists, physicians, and surgeons. Objectives of the Issue The company intends to utilize the net proceeds from the IPO for the following key objectives:

1. Repayment of Borrowings

Jupiter Life Line Hospitals plans to allocate a portion of the funds raised towards the repayment or pre-payment of borrowings availed from banks by the company and Material Subsidiary. This move not only reduces financial burdens but also strengthens their financial position. 2. General Corporate Purposes

In addition to debt repayment, the company will utilize the funds for general corporate purposes. This includes investing in infrastructure, technology upgrades, and enhancing the overall patient experience. By doing so, Jupiter Life Line Hospitals aims to fortify its position as a leader in healthcare services. Jupiter Life Line Hospitals: Key IPO Details

Dates: 6th to 8th Sept 2023

Price Band: ₹695 to ₹735 per share

Lot Size: 20 Shares

Issue Size: ₹869 Crores

Allotment Date: 13/14 Sept 2023

Listing Date: 18th Sept 2023

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