IPO Update: If you prefer to put money into Initial Public Offering then there’s excellent news for you. The IPO of Jupiter Life Line Hospitals Limited, an organization working a non-public hospital chain in India, might come quickly. The firm has submitted draft papers for the IPO with the market regulator Securities Exchange Board of India (SEBI).

What would be the dimension of the IPO?

According to paperwork submitted to SEBI, Jupiter Life Line Hospitals will concern contemporary shares value Rs 615 crore via IPO, whereas previous shares value Rs 4.45 million via Offer For Sale. The shares can be bought by the promoters and stakeholders of the corporate. Devang Vasantlal Gandhi, Neeta Gandhi will promote their shares via this IPO. Whereas different promoters like Dr. Ajay Thakkar, Dr. Ankit Thakkar and Western Medical Solution LLP won’t cut back their stake within the firm. According to the report printed in Economic Times, the overall dimension of the corporate’s IPO will be between Rs 900 to 1100 crores.

What will the corporate do with the IPO cash?

The quantity collected via this IPO can be utilized by Jupiter Life Line Hospitals to repay its debt. The firm will repay the mortgage of Rs 463.90 crore. Till December 2022, the corporate had a complete debt of Rs 477 crore. Let us let you know that the shares of the corporate are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Know about Jupiter Life Line Hospitals-

Jupiter Life is without doubt one of the vital hospital chain in Mumbai and western half. There are a complete of 1,194 beds within the test of this hospital, it’s a huge firm within the well being care sector. A complete of 1,246 medical doctors, physicians and surgeons work within the firm. Hospital chain is current in Thane, Pune and Indore. The firm is constructing a hospital in Dombivli, Mumbai. In the monetary 12 months 2023, the corporate’s complete earnings reached Rs 726.19 crore as towards Rs 483.43 crore within the earlier 12 months. At the identical time, the online revenue had elevated to Rs 51.13 crore. In the 12 months 2022, the corporate suffered a lack of Rs 2.30 crore.

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