Nuvama Investment Banking is a proud banker to Jupiter Hospitals in its continued journey to healthcare excellence.

Initial Public Offering

Service

September 2023

Date

Healthcare

Sector

INR 9,921 MN

Deal Value

Nuvama Investment Banking is a proud banker to Jupiter Hospitals in its continued journey to healthcare excellence.

Deal Details:

  • Jupiter Hospitals successfully completed a Pre-IPO placement to marquee long only Investors at the IPO Price
  • The IPO received an overwhelming response from investors to emerge as:
    • Highest subscribed Hospitals IPO
    • Amongst the Top 3 highest subscribed IPOs in the past 2 years
  • IPO saw a stellar listing with stock price closing at 46% premium to issue price#

Contribution:

  • Effectively positioned Jupiter Hospitals as a key Multi Specialty hospital chain in Western India with a distinguished business model and a ‘patient first’ ideology
  • Nuvama garnered participation from a diverse investor set including Global Sovereign Funds, LO Flls, Mutual Funds, Insurance Companies
  • Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in overall 13 lakh+ applications

About:

  • Jupiter Lite Line Hospitals Ltd Is a key tertiary and quaternary healthcare chain in the Mumbai Metropolitan Area (MMR) and western region of India with a total bed capacity of 1,194 hospital beds across three hospitals as of March 31, 2023@.