Published : September 2, 2023
Jupiter Life Line Hospitals Limited, founded in 2007, is a healthcare provider that offers tertiary and quaternary multi-specialty services in the Mumbai Metropolitan Area (MMR) and western India. The company operates three hospitals under the “Jupiter” brand in Thane, Pune, and Indore, with a total of 1194 operational beds and 1,306 doctors, including specialists, physicians, and surgeons, as of March 31, 2023. A multi-specialty hospital is currently being developed in Dombivli, Maharashtra, with over 500 beds and construction began in April 2023.
The company’s Thane and Indore hospitals are among the few in western India to offer neuro-rehabilitation services through a dedicated robotic and computer-assisted neuro-rehabilitation center, according to the CRISIL Report. Jupiter Life Line Hospitals Limited operates one of the few multi-organ transplant centers in Thane. Jupiter Life Line Hospitals Limited’s hospitals in Thane, Pune, and Indore have all been certified by the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL) for medical testing.
In Fiscal 2023, the company’s inpatient and outpatient revenue was diversified across hospitals, with Thane, Pune, and Indore hospitals accounting for 54.18%, 34.03%, and 11.79% of revenue from operations, respectively.
For the financial year ending on March 31, 2022, Jupiter Life Line Hospitals Limited had operating revenues of over INR 500 crore.
The subscription for the IPO will be open from September 6th and will close on September 8th.
|IPO Open Date||Wednesday, September 6, 2023|
|IPO Close Date||Friday, September 8, 2023|
The price band for the Jupiter Life Line IPO has been set at ₹695 to ₹735 per share.
|IPO Price||₹695 to ₹735 per share|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per share|
|Market Lot||20 Shares|
|Listing At||BSE, NSE|
|Total Issue Size||aggregating up to ₹869.08 Cr|
The promoters of Jupiter Life Line Hospitals Limited are Dr. Ajay Thakker, Dr. Ankit Thakker, and Western Medical Solutions LLP.
|Pre Issue Share Holding||40.69%|
|Post Issue Share Holding|
|Period Ended||31 Mar 2021||31 Mar 2022||31 Mar 2023|
|Profit After Tax||-2.30||51.13||72.91|
|Reserves and Surplus|
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Jupiter Life Line Hospitals Limited
1004, 10th Floor, 360 Degree Business Park,
Maharana Pratap Chowk, LBS Marg,
Mulund (West), Mumbai – 400 080
Phone: + 91 22 2172 5623
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