- By Vaamanaa Sethi
- Mon, 18 Sep 2023 11:26 AM (IST)
- Source:JND
Jupiter Lifeline Hospitals shares listed today on both exchange houses at a premium on Monday. The shares of Jupiter Hospitals listed at Rs 973 per piece on NSE, at 32.4% higher than the issue price of Rs 735 per share. While, on BSE, the shares listed at Rs 960 per share.
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Jupiter Lifeline Hospitals had opened for subscription on Wednesday, September 6, and closed on Friday, September 8. The IPO was booked 87% on day 1, around 3.30 times on day 2 and 63.72 times on the final day. The company had fixed the price band of its shares for IPO at Rs 695-735 per piece.
Jupiter Lifeline Hospitals IPO is made up of fresh issue of 73.74 lakh shares that totals to ₹542 crore and offer for sale (OFS) portion consists of 44.5 lakh shares of ₹10, which aggregates to ₹869.08 crore sold by promoter selling shareholder Devang Vasantlal Gandhi, and Neeta Gandhi. Jupiter Lifeline Hospitals IPO total issue size is ₹869.08 crores.
The company said it will utilize the net proceeds to repay debt availed from banks by the company and material subsidiary, and to meet general corporate purposes.
Jupiter Lifeline Hospitals IPO raised ₹261 crore from anchor investors on Tuesday, September 5.
ICICI Securities, Edelweiss Financial Services, and JM Financial are the book-running lead managers to the issue. Kfin Technologies Ltd is the registrar to the issue.
Jupiter Lifeline Hospitals GMP Today
The grey market premium (GMP) of Jupiter Lifeline Hospitals is +233 similar to the previous three trading sessions. This shows that the share price was trading at a premium of ₹233 in the grey market on Monday, according to topsharebrokers.com.
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Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Jupiter Lifeline Hospitals share price was ₹968 apiece, which is 31.7% higher than the IPO price of ₹735.
The highest GMP is Rs 260 per share, while the lowest GMP is Rs 200, as per topsharebrokers.com.