Jupiter Life Line Hospitals Ltd. has announced public offering of 11824163 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 725.00 per share. The gross proceeds of the issue are expected to be Rs 86,907.60 lakhs.

The company's initial public offer (IPO) will open on 06 September 2023 and is expected to close on 08 September 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 695.00-735.00 per share.

The IPO includes a fresh Issue of 11824163 Equity Shares of the Company at an price of Rs 735.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 20 shares with bids in multiples of 20.

Jupiter Life Line Hospitals Ltd. anticipates using the proceeds of the issue for Established and commenced operations of the first hospital at Thane, Maharashtra

Established and commenced operations of the Pune Hospital

Carried out interstitial brachytherapy to treat cancer at the Thane Hospital

Acquired the Indore Hospital

Successfully carried out small bowel intestine transplant surgery at the Thane, Hospital

Successfully carried out heart transplant surgery at the Thane Hospital.

JM Financial Ltd.,Nuvama Wealth Management Ltd.,ICICI Securities Ltd as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.