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As per DRHP, the proposed IPO will encompass a recent Problem of Rs 615 crore and Supply for Sale (OFS) of 44,50,000 shares.
Sources instructed ET that the whole IPO measurement can be Rs 900 – 1,100 crore, and the corporate could take into account a Pre IPO placement of Rs 123 crore.
The promoters – Dr Ajay Thakker, Dr Ankit Thakker and Western Medical Options LLP will not be diluting their stake within the IPO.
ET was the primary to report concerning the proposed plan to file DRHP in March this 12 months.
The Mumbai-headquartered firm targeted on Western India plans to utilise the proceeds for growth of the hospital community and attainable debt discount.
The corporate is within the technique of establishing a quaternary care hospital in Dombivli, Maharashtra. Building for a similar commenced in April 2023, together with a plan to repay Rs 463 crore of debt apart from attending to common company bills.Jupiter has a capability of 1194 beds throughout 3 Hospitals. It’s outfitted to cater to over 30 specialties similar to organ transplant, oncology, orthopaedics, cardiology, paediatrics, neurology, amongst others.
Jupiter income from operations March 31, 2022 stood at Rs 733 cr. For the 9 months interval ended Dec 31,2022 its income stood at Rs 650 crore.
Bankers to the difficulty are ICICI Securities, Edelweiss Monetary Providers and JM Monetary.
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