Jupiter Life Line Hospitals raises Rs 260.72 crore ahead of IPO

Jupiter Life Line Hospitals, a supplier of healthcare services, raised Rs 260.72 crore via anchor book on 5 September ahead of IPO opening.

39 investors, including well-known institutions including the Government of Singapore, Abu Dhabi Investment Authority, Fidelity Funds, Goldman Sachs, Nomura Funds, HSBC Global, Florida Retirement System, and Natixis International Funds, invested in the company through the anchor book.

The anchor book was also attended by domestic investors such as SBI Mutual Fund, ICICI Prudential, Nippon Life, HDFC Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Trustee, UTI Mutual Fund, Motilal Oswal MF, HDFC Life Insurance, and SBI Life Insurance Company.

The multi-specialty tertiary and quaternary healthcare provider in a BSE filing said it has finalised allocation of 35,47,247 equity shares to anchor investors at Rs 735 per share.

"Out of the total allocation of 35,47,247 equity shares to the anchor investors, 16,91,992 equity shares were allocated to 12 domestic mutual funds through a total of 26 schemes," the company said.

Source: Media Reports