Jupiter Life Line Hospitals IPO: Jupiter Life Line Hospitals Ltd has raised ₹123 crore in its pre-IPO placement. The firm has issued round 16.7 lakh shares at a value of ₹735 apiece to the buyers.

The firm noticed participation from institutional buyers, together with SBI Magnum Children’s Benefit Fund, SBI Optimal Equity Fund, and SBI Healthcare Opportunities Fund, Neuberger Berman Emerging Markets Equity Fund, Neuberger Berman Europe Holdings LLC, and Neuberger Berman Strategic India Equity Master Fund Holdings Limited, High Conviction Fund – Series 1, Ashoka India Equity Investment Trust PLC, Think India Opportunities Master Fund LP, DC Ikka Ltd.

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The hospital chain Jupiter Life Line Hospitals filed its draft herring prospectus (DRHP) with the market regulator in May this 12 months, to drift its IPO.

Jupiter Life Line Hospitals IPO consists of a recent situation of fairness shares value as much as ₹615 crore and an offer-for-sale (OFS) of as much as 44.5 lakh fairness shares by promoter group and different promoting shareholders.

With the completion of the pre-IPO placement, the Fresh situation measurement will now be diminished, the corporate mentioned.

At the problem value of ₹735 per share, Jupiter Life Line Hospitals is valued at ₹4,154.10 crore.

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As per the DRHP, the proceeds from the problem shall be utilized to the extent of ₹463.90 crore for reimbursement or prepayment, in full or partly, of borrowings availed from banks by the corporate and materials subsidiary and basic company functions.

Jupiter Hospitals has a strategic deal with the western India healthcare market. It at the moment operates in Thane, Pune and Indore below the “Jupiter” model.

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