Jupiter Life Line Hospitals IPO: Jupiter Life Line Hospitals Ltd has raised ₹123 crore in its pre-IPO placement. The corporate has issued round 16.7 lakh shares at a worth of ₹735 apiece to the traders.
The corporate noticed participation from institutional traders, together with SBI Magnum Youngsters’s Profit Fund, SBI Optimum Fairness Fund, and SBI Healthcare Alternatives Fund, Neuberger Berman Rising Markets Fairness Fund, Neuberger Berman Europe Holdings LLC, and Neuberger Berman Strategic India Fairness Grasp Fund Holdings Restricted, Excessive Conviction Fund – Sequence 1, Ashoka India Fairness Funding Belief PLC, Suppose India Alternatives Grasp Fund LP, DC Ikka Ltd.
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The hospital chain Jupiter Life Line Hospitals filed its draft herring prospectus (DRHP) with the market regulator in Could this 12 months, to drift its IPO.
Jupiter Life Line Hospitals IPO consists of a recent challenge of fairness shares value as much as ₹615 crore and an offer-for-sale (OFS) of as much as 44.5 lakh fairness shares by promoter group and different promoting shareholders.
With the completion of the pre-IPO placement, the Recent challenge measurement will now be diminished, the corporate stated.
On the challenge worth of ₹735 per share, Jupiter Life Line Hospitals is valued at ₹4,154.10 crore.
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As per the DRHP, the proceeds from the problem might be utilized to the extent of ₹463.90 crore for compensation or prepayment, in full or partly, of borrowings availed from banks by the corporate and materials subsidiary and common company functions.
Jupiter Hospitals has a strategic give attention to the western India healthcare market. It at the moment operates in Thane, Pune and Indore below the “Jupiter” model.
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