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IPO of Jupiter Hospital: The issue price for the initial public offering (IPO) of multispecialty hospital chain Jupiter Hospital has been set. The price band of this IPO has been fixed at Rs 695-735 per share. The company is planning to raise Rs 869 crore through this IPO. The IPO will be open from September 6 to September 8. Anchor investors will be able to bid for the shares on September 5.
542 crore new shares: According to Jupiter Hospital, the IPO raised Rs. 542 crore new shares will be issued. In addition, promoter group entities and other shareholders will make an offer for sale (OFS) of 44.5 lakh equity shares. Ahead of its IPO, Jupiter Hospital earlier this month raised Rs. 123 crore was collected. After this he reduced the size of the new issue. ICICI Securities, Edelweiss Financial Services and JM Financial are the book-running lead managers of the issue. The equity shares are proposed to be listed on BSE and NSE.
This is the plan: Jupiter Hospital has expansion plans in western India. At the same time, a multispecialty hospital is in the process of being developed in Dombivli, Maharashtra. It is being designed to accommodate more than 500 beds. The construction of the hospital started in April this year.