The Jupiter Life Line Emergency clinics’ first sale of stock (Initial public offering) will be registered on Monday, i.e September 18. The memberships for the underlying offer had opened for three days from September 6 to 8.
The Initial public offering contains new issue of value shares worth ₹542 crore and a proposal of offer of 44.5 lakh value shares by advertiser bunch elements and different investors.
Continues of the new issue will be used to resign obligation. Furthermore, assets will be utilized for general corporate purposes.
“Jupiter clinic had got multiple times in addition to membership and QIB just multiple times as request has shown stock can list around 950 levels in bear case while in bull case stock can list around 1040 levels”, Vaibhav Kaushik, research expert, GCL Broking, told Hindustan Times.
As indicated by the site topsharebrokers.com, the Initial public offering had a dark market cost of ₹233 and an expected posting cost of ₹968.
The Jupiter medical clinic chain works in Thane, Pune and Indore with an all out bed limit of 1,194 as of December 2022.
The clinic chain has an essential spotlight on the western India medical services market, is currently fostering a multi-speciality medical clinic in Dombivli, Maharashtra, which is being intended to oblige more than 500 beds.
ICICI Securities , Edelweiss Monetary Administrations, and JM Financial are the book-running lead chiefs to the issue. The value shares are proposed to be recorded on BSE and NSE.
