Jupiter Life Line Hospitals IPO
Jupiter Life Line Hospitals Limited (JLHL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 18 September 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +27.6% (likely range +25% to +44%), day's high +34.1%, chance of a gain 92%. Actual: +32.4% at the open, +50.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 23,72,880 | 44,44,94,800 | 187x | |
| NII (HNI) total | 18,37,287 | 6,38,46,320 | 34.8x | |
| Big NII (above ₹10 lakh) | 12,24,858 | 4,80,57,860 | 39.2x | |
| Small NII (₹2-10 lakh) | 6,12,429 | 1,57,88,460 | 25.8x | |
| Retail | 42,87,002 | 3,31,19,220 | 7.73x | |
| Total | 84,97,169 | 54,14,60,340 | 63.7x |
Bids on NSE and BSE together, as published by NSE, as of 08 Sep 2023, 07:00 PM. Shares offered exclude the anchor portion. 5% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Jupiter Life Line Hospitals's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| SBFC FinanceAug 2023 | 193x | 49.1x | 11.0x | 70.2x | ₹1,082 Cr | +43.9% | +67.5% |
| Campus ActivewearApr 2022 | 152x | 22.3x | 7.68x | 51.8x | ₹1,400 Cr | +23.3% | +43.1% |
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
| Senco GoldJul 2023 | 181x | 65.0x | 15.5x | 73.4x | ₹427 Cr | +35.6% | +40.1% |
| Yatharth Hospital and Trauma Care ServicesJul 2023 | 85.1x | 37.2x | 8.34x | 36.2x | ₹705 Cr | +2.0% | +14.4% |
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and JM Financial | 35 | +11.9% | 66% |
Offer documents (NSE)
Frequently asked
What is the Jupiter Life Line Hospitals IPO price band and lot size? ₹695–735 per share, with a lot of 20 shares, so the smallest retail bid is ₹14,700.
How many times has it been subscribed? 63.7x overall: QIB 187x, NII 34.8x, retail 7.73x.
How did it list? It opened at ₹973, +32.4% against the issue price of ₹735, and closed its first day +46.4%.
