Robust QIB demand for Jupiter Hospital IPO, Issue subscribed 64 times

The Initial Public Offering of Multispecialty Hospital Chain, Jupiter Life Line Hospitals Limited was subscribed 63.72 on the last day of bidding.

The issue received bids of 54,14,58,960 shares against the offered 84,97,169 equity shares, at a price band of ₹695-735, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion was subscribed 187.32 times, Non-Institutional Investors Portion with subscription of 34.75 times. whereas, Retail Portion was subscribed 7.73 times.

ICICI Securities Limited, Nuvama Wealth Management Limited and JM Financial Limited are the book running lead managers and KFin Technologies Limited is the Registrar to the Offer. The Equity Shares are proposed to be listed on BSE and NSE.

Source : Equity Bulls

Keywords

JupiterLifeLineHospitals IPO Subscription