Jupiter Hospital IPO to open for membership on Sep 6

The preliminary public deal (IPO) of Mumbai-based healthcare facility chain Jupiter Life Line Hospitals will open on September 6 and close on September 8. The allotment to anchor financiers will be done on September 5. The business had actually submitted initial IPO documents with Sebi in May this year and got a regulative nod recently. The IPO makes up a fresh equity problem of approximately Rs 542 crore and a sell (OFS) of 44.55 lakh shares. The rate band for the IPO will be revealed quickly. Under the OFS, Devang Vasantlal Gandhi will unload as much as 1.25 million equity shares, while Devang Gandhi collectively with Neeta Gandhi will offer 9 lakh equity shares. Other offering investors consist of Nitin Thakker, Anuradha Ramesh Modi, Bhaskar P Shah, Rajeshwari Capital Market, Vadapatra Sayee Raghavan, Sangeeta Ravat collectively with Hasmukh Ravat to name a few. Previously this month, Jupiter Hospital mobilised Rs 123 crore from institutional financiers in the pre-IPO round and appropriately, the fresh problem size was lowered. The earnings from the problem will be made use of to the degree of Rs 463.90 crore for payment, completely or in part, of loanings availed from banks by the business and product subsidiary and basic business functions. Jupiter Hospital started as a single medical facility in Tha
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