Jupiter Life Lin IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Jupiter Life Lin

CMP

1,236.50

+3.60 (0.29%)

  • DRHP
₹735

Offer Price

₹ 869.08 Cr

Issue Size

₹ 14,700

Min Investment

63.72x

Times Subscribed

20

Lot size

Time Line

  • 06
    Sep 2023
    Open
  • 08
    Sep 2023
    Close
  • 13
    Sep 2023
    Finalisation of Basis of Allotment
  • 14
    Sep 2023
    Initiation of Refunds
  • 15
    Sep 2023
    Transfer of Shares to Demat Account
  • 18
    Sep 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Strategically expand its footprint in western markets.

  • Continue to recruit and retain skilled healthcare professionals.

  • Pursue strategic inorganic growth opportunities in its focus micro-markets.

  • Continue to improve quality of care and invest and employ latest technology.

Products & Services

  • Jupiter Life Line Hospitals Limited is among the key multi-specialty tertiary and quaternary healthcare providers in the Mumbai Metropolitan Area and western region of India with a total bed capacity of 1,194 hospital beds across three hospitals.

Strengths

  • Key multi-specialty tertiary and quaternary healthcare provider with a track record of over 15 years, strong brand recognition and clinical expertise.

  • `All-hub-no-spoke` model with focus on quality patient care supported by modern infrastructure and technological capabilities.

  • Ability to attract and retain skilled and experienced healthcare professionals.

  • Track-record of operational and financial performance with a diversified revenue mix.

  • Experienced and qualified professional management team with a focus on environmental, social and governance initiatives.

Risks

  • The Hospital is highly dependent on its healthcare professionals including doctors and nurses, and any future inability to attract/ retain such professionals will adversely affect the Hospital business, financial condition and results of operations.

  • Its revenues are significantly dependent on its hospital in Thane. Further, all the hospitals are located in the western regions of India. Any impact on the revenues of its Thane hospital or any change in the economic or political circumstances of western India or particularly in or around Thane, could materially affect its business, financial condition and results of operations.

  • The Hospital industry is highly regulated and requires it to obtain, renew and maintain statutory and regulatory permits, accreditations, licenses and comply with applicable safety, health, environmental, labour and other governmental regulations. Any regulatory changes or violations of such rules and regulations may adversely affect its business, financial condition and results of operations.

  • Any inability to pass on its costs including high medical equipment cost, manpower cost and infrastructure maintenance and repair cost, to its patients, may have an adverse impact on its business, financial condition and results of operations.

  • Its ability to provide affordable healthcare depends on the maintenance of a high volume of patients, occupancy rates, managing project costs and effective capital management. Any increase in such costs could adversely affect its business, financial condition and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
40.69%
Pre Holding

40.69%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 733.12 (50.80%) 892.54 (21.80%) 19.94 (-)
Gross Profit 733.12 (50.80%) 892.54 (21.80%) 19.94 (-)
Net Income 733.12 (50.80%) 892.54 (21.80%) 19.94 (-)
Assets 733.12 (50.80%) 892.54 (21.80%) 19.94 (-)
Liabilities 733.12 (50.80%) 892.54 (21.80%) 19.94 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Jupiter Life Line Hospitals Ltd 892.54 72.91 832.54 466.85 20.03 12.90 64.70 1.36 0.56
Apollo Hospitals Enterprise Ltd 16,612.50 819.10 14,427.80 14,427.80 13.21 56.97 454.19 5.67 0.44
Fortis Healthcare Ltd 6,297.63 588.73 12,433.60 12,433.60 8.12 7.80 107.30 4.73 0.10
Max Healthcare Institute Ltd 4,562.60 1,103.51 10,101.85 10,101.85 14.89 11.36 76.31 10.92 0.08
Narayana Hrudayalaya Ltd 4,524.76 606.25 4,162.09 4,162.09 28.44 29.85 104.35 14.56 0.36
Global Health Ltd 2,694.25 326.08 4,115.96 4,115.96 13.42 12.57 90.54 7.92 0.35
Krishna Institute of Medical Sciences Ltd 2,197.68 336.32 2,941.30 2,941.30 20.14 42.03 242.16 11.43 0.32

Book Running Managers

  • ICICI Securities Ltd
  • Nuvama Wealth Management Ltd
  • JM Financial Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

1004 Xth Flr 360 Degree Busi.,
Park LBS Marg Mulund (West),
Mumbai - 400080
Phone : +91 22 2172 5623 Email : cs@jupiterhospital.com www.jupiterhospital.com

Offer Related Information

Initial public offering of 11,824,163** equity shares of face value of Rs. 10 each of the company ("Equity Shares") for cash at a price of Rs. 735 per equity share (including a share premium of Rs. 725 per equity share) ("Offer Price") aggregating to Rs. 869.08 crores (the "Offer") comprising of a fresh issue of 7,374,163** equity shares aggregating to Rs. 542.00 crores ("Fresh Issue") and an offer for sale of 4,450,000** equity shares ("Offered Shares") aggregating to Rs. 327.08 crores... More

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