Jupiter Life Line Hospitals Limited

About Jupiter Life Line Hospitals Limited IPO

Incorporated in 2002, Jupiter Life Line Hospitals is a multi-specialty healthcare service provider with three hospitals under its wing. They are located in Thane, Pune and Indore and one hospital is under construction in Dombivli, Maharashtra.

The hospitals have a total bed capacity of 1,194 as of 31 March 2023 and an operating experience of fifteen years. It employs 1,306 doctors, including specialists, physicians and surgeons across 30 key specialties. 

According to a CRISIL report, the Thane and Indore hospitals are amongst the few hospitals in the western region of India to provide neuro-rehabilitation services through a dedicated robotic and computer-assisted neuro-rehabilitation centre. All its hospitals are certified by the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and National Accreditation Board for Testing and Calibration Laboratories (NABL). 

Jupiter Hospitals have seen a CAGR growth of 22% in its revenue from operations in the last three years and an EBITDA margin of 23% in FY23. Moreover, CRISIL MI&A Research estimates the Indian healthcare delivery industry to post 10% to 12% CAGR between FY22 and FY27. 

And now, Jupiter Life Line Hospitals Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised to pre-pay or repay borrowings and for general corporate purposes. Its shares will be listed on the NSE and the BSE. 

Here are key details about the Jupiter Life Line Hospitals IPO:

Financial snapshot

A quick look at Jupiter Life Line Hospitals Limited IPO’s strengths, risks and threats

Strengths 

1. Strong brand recognition amassing patient volumes of 4.4 lakh, 6.4 lakh and 7.7 lakh in FY21, FY22 and FY23 respectively.  
2. Company’s network of hospitals saw a rise in average revenue per occupied bed (ARPOB) from ₹43,946 to ₹50,990 between FY21 to FY23. Meanwhile, the average occupancy rate increased from 45.2% to 62.6% during the same period. 
3. ‘All-hub-no-spoke’ model for operation where each hospital is independent and individually equipped with professionals, infrastructure and an in-house 24x7 engineering team. 
4. Ability to attract and retain skilled healthcare professionals with an attrition rate of 1.85% for doctors in FY23 and 27.97% for nurses during the same period. 
5. Operations and revenue have less dependency on a single doctor or speciality and earned a diversified revenue of 54%, 34% and 11% from hospitals in Thane, Pune and Indore, respectively in FY23. 

Risks and threats

1. Operates in a highly regulated industry. Hence, any regulated changes or violations of rules and regulations may impact company's business. 
2. Incurs high expenses in relation to medical equipment cost, manpower cost, infrastructure maintenance and repair costs, ancillary items and pharmaceuticals with professional fees alone accounting for 24% of the total income in FY23.
3. Faces competition from Aditya Birla Health Services, Ruby Hall Clinical Services, Sahyadri Hospitals, Apollo Hospitals Enterprises, Fortis Healthcare and Manipal Health Enterprises.
4. Company’s average bed occupancy rate was 62.6% in FY23, lower than its peers like Apollo Hospital and Krishna Institute of Medical Sciences, which had an average occupancy of 64% and 69% respectively, in FY23. 

Jupiter Life Line Hospitals Limited IPO details

| Jupiter Life Line Hospitals IPO date

According to the offer document filed by the company with the SEBI, the Jupiter Life Line Hospitals IPO’s opening date – in other words, the Jupiter Life Line Hospitals IPO launch date – will be 6th September 2023. The Jupiter Life Line Hospitals IPO closing date is 8th September 2023. After this, investors will be updated about the allotment status on 13th September 2023.

Investors, who have been allotted shares, can expect them to be credited to their demat account on 15th September 2023. The Jupiter Life Line Hospitals IPO listing date is 18th September 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. 

| Jupiter Life Line Hospitals IPO price band

The IPO is an offer for sale as well as a fresh issue. The Jupiter Life Line Hospitals IPO price band has been set between ₹ 695 and ₹ 735 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Jupiter Life Line Hospitals IPO listing price will be determined on 18th September 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.

| Jupiter Life Line Hospitals IPO lot size 

The Jupiter Life Line Hospitals IPO details have been declared. The Jupiter Life Line Hospitals IPO lot size is set at 20 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Jupiter Life Line Hospitals IPO issue size is approx ₹ 869 crore. 

How to pre-apply for the Jupiter Life Line Hospitals Limited IPO?

You can pre-apply for the Jupiter Life Line Hospitals IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘ Jupiter Life Line Hospitals IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Pre-Apply’
7. Accept the mandate on your UPI app

How to apply for the Jupiter Life Line Hospitals IPO?

If you are interested in this investment opportunity but unsure how to apply for the Jupiter Life Line Hospitals IPO, here we are listing out the steps for you. 

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Jupiter Life Line Hospitals IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘ Jupiter Life Line Hospitals IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

How to check the Jupiter Life Line Hospitals IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the Jupiter Life Line Hospitals IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your Jupiter Life Line Hospitals IPO allotment status will be mentioned

Open a demat account with Upstox to apply for the Jupiter Life Line Hospitals IPO

To apply for the Jupiter Life Line Hospitals IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

Upstox – trading app to apply for the Jupiter Life Line Hospitals IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the Jupiter Life Line Hospitals IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.