Jupiter Life Line Hospitals IPO subscribed over 63 times on Day 3

The initial public offering of Jupiter Lifeline Hospital IPO received strong response from the investors and was subscribed 63.72 times on the final day. The IPO of multi-speciality healthcare provider opened for subscription on Wednesday, September 6.

Jupiter Lifeline Hospital IPO received overwhelming response from non-institutional investors (NIIS) and Qualified institutional buyers (QIBs) on day 3. Retail investors' portion saw stable response. 

The retail investors portion was subscribed 7.73 times, followed by the NII portion at 34.75 times. The QIBs portion was subscribed 187.32 times on the final day.

According to data from NSE, the investors made bids for 54 crore equity shares, compared to the 84 lakh equity shares offered for the subscription.

The company sold its shares in the range of Rs 695-735 per share during the three-day bidding process.