IPO
Jupiter Hospital's Rs.869-Cr IPO subscribed 63.72 times
The INR 869 crore initial public offering (IPO) of Thane-based Jupiter Hospital was subscribed 63.72 times. The issue received bids of 54.15 crore shares against the 84.97 lakh shares on offer. The public offer comprised a fresh issue of INR 542 crore and an offer-for-sale of 44.5 lakh shares at a price band of INR 695-735 per share The non-institutional investors or high net worth investors portion was subscribed 34.75 times, while the qualified institutional buyers' portion was subscribed 187.32 times. The retail investor's segment was subscribed 7.73 times the portion set aside for them. Jupiter Hospital had raised INR 260.72 crore from anchor investors from Fidelity Funds, Goldman Sachs, Nomura Funds, Government of Singapore, HSBC Global, Abu Dhabi Investment Authority, SBI Mutual Fund, ICICI Prudential, Florida Retirement System, HDFC Mutual Fund, Aditya Birla Sun Life Trustee and HDFC Life Insurance. With three hospitals, it is among the key multi-specialty tertiary and quaternary healthcare providers in the Mumbai Metropolitan Area (MMR) and western India with a total capacity of 1,194 beds as of March.
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