Jupiter Life Line Hospitals IPO: Here’s how to check allotment status

13 Sep 2023 , 11:33 AM

Jupiter Life Line Hospitals is scheduled to announce the basis of allotment for its shares on Wednesday, September 13. The company’s initial public offering (IPO), offered by the multi-specialty tertiary and quaternary healthcare provider, garnered strong interest from investors, particularly institutional bidders, throughout the three-day bidding period.

To check the allotment status of Jupiter Life Line Hospitals IPO, investors need PAN details and Application number. Click on the BSE website or on the website of IPO registrar, Kfin Technologies Limited to check the allotment status.

The IPO for Jupiter Life Line Hospital was open for subscription from September 6 to September 8. The company offered shares in the price range of Rs 695-735 each, with a lot size of 20 shares, raising a total of slightly over Rs 869 crore from its IPO. This included a fresh share sale of Rs 542 crore and an offer-for-sale (OFS) of Rs 327 crore.

The overall subscription for the IPO was an impressive 64.80 times, with the qualified institutional bidders (QIBs) category being oversubscribed by a substantial 181.89 times. Non-institutional investors also showed strong interest with a subscription rate of 36 times. However, the retail investors’ category experienced a subscription rate of only 8 times during the three-day bidding process.