The subscription status for non-institutional investors stood at 34.75 times, while the demand from retail investors was the least among all categories at 7.73x subscription
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.
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%.
The IPO comprises fresh equity of Rs 542 crore and an offer for sale (OFS) of 4.45 million shares. Under the OFS, Devang Vasantlal Gandhi will offload up to 1.25 million shares, Devang Gandhi jointly with Neeta Gandhi will sell 9 lakh units