The category reserved for non-institutional investors was subscribed the most at 3.41 times, followed by retail investors at 2.11 times. The demand from qualified institutional buyers was muted with just 1% subscription.
Jupiter Hospitals has a strategic focus on the Western India healthcare market. It is currently in the process of developing a multispecialty hospital in Dombivli, Maharashtra, which is being designed to accommodate over 500 beds. The construction of the hospital began in April 2023 and will be spread across 600,000 sq feet.
Jupiter Life Line Hospitals IPO: Promoters currently hold 49.79 percent shareholding in Jupiter Hospital and the rest is held by public shareholders including JM Financial and Persepolis Investment Company.
The non-institutional investors category was subscribed 1.43 times, while that of retail investors was subscribed 1.1 times. The part reserved for qualified institutional buyers was subscribed just 1%.