• Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
Monday, June 5, 2023
No Result
View All Result
SUBSCRIBE
The Outlooker
27 °c
Delhi
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
No Result
View All Result
The Outlooker
No Result
View All Result
  • National
  • Politics
  • Opinion
  • Business
  • Science
  • World
  • Health
Home Business

Jupiter Life Line Hospitals files IPO papers with Sebi; to raise Rs 615-cr via fresh issue

by The Outlooker Web Desk
May 12, 2023
in Business
0
Jupiter Life Line Hospitals files IPO papers with Sebi; to raise Rs 615-cr via fresh issue
1.8k
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

Multispecialty hospital chain Jupiter Life Line Hospitals has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth Rs 615 crore and an offer for sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders, according to the draft red herring prospectus (DRHP).

Current promoters Ajay Thakker, Ankit Thakker and Western Medical Solutions LLP are not diluting their stake in the IPO. Proceeds of the fresh issue to the tune of Rs 464 crore will be utilized to retire debt. Besides, funds will be used for general corporate purposes. The Mumbai-headquartered company may consider a pre-IPO placement of Rs 123 crore and if such placement is undertaken, fresh issue size will be reduced.

The hospital chain operates in Thane, Pune and Indore under the “Jupiter” brand with a total bed capacity of 1,194 as of December 2022. Jupiter Hospitals, which has a strategic focus on the Western India healthcare market, is in the process of developing a multispecialty hospital in Dombivli, Maharashtra, which is being designed to accommodate over 500 beds.

The company has turned around from making a loss in financial year 2020-21 to a profit of Rs 51.13 crore in 2021-22 and revenue from operations jumped 51 per cent to Rs 733.12 crore in FY22 from Rs 486.16 crore in FY21.For the nine months ended December 31, 2022, the company’s profit after tax was Rs 57.15 crore and revenue from operations was Rs 650.24 crore.

ICICI Securities, Edelweiss Financial Services, and JM Financial are the book-running lead managers to the issue. The equity shares are proposed to be listed on BSE and NSE.

The Outlooker Web Desk

The Outlooker Web Desk

Next Post
MSCI rejig impact on Adani shares: Adani Transmission, Adani Total Gas hit lower circuit, fall 5% today

MSCI rejig impact on Adani shares: Adani Transmission, Adani Total Gas hit lower circuit, fall 5% today

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BYJU’S Aakash to go public next year
Business

BYJU’S Aakash to go public next year

June 5, 2023
Record date for Wipro buyback set for 16 June; should investors tender shares?
Business

Record date for Wipro buyback set for 16 June; should investors tender shares?

June 5, 2023
Midcaps in sweet spot as valuations fall
Business

Midcaps in sweet spot as valuations fall

June 5, 2023
Petrol and Diesel Price Today in India: Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and More Cities
Business

Petrol and Diesel Price Today in India: Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and More Cities

June 4, 2023

Connect with us

No Result
View All Result

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Category

  • Artistic
  • Business
  • Crypto
  • Design
  • Entertainment
  • Fashion
  • featured
  • Food
  • Gaming
  • Health
  • Human
  • Lifestyle
  • Local
  • Movie
  • Music
  • National
  • Offbeat
  • Opinion
  • Politics
  • Science
  • Spaces
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • BYJU’S Aakash to go public next year
  • Record date for Wipro buyback set for 16 June; should investors tender shares?
  • Midcaps in sweet spot as valuations fall

About Us

The Outlooker

The Outlooker is your source of authentic, hand-picked news, stories, analysis from India & the World.

  • Terms Of Service
  • Privacy Policy
  • About us
  • Submit your story
  • Contact

© 2019-2021 The Outlooker. All rights reserved.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2019-2021 The Outlooker. All rights reserved.