Jupiter Life Line Hospitals stock rose after bumper listing, investors made so much profit on one lot
The shares of Jupiter Life Line Hospitals were listed with a premium of 32 percent. After this, there was a rise in the stock and it climbed up to 45 percent. The IPO of Jupiter Life Line Hospitals was open from September 6 to 8 its lot size was 20 shares and the price band was Rs 695 to Rs 735 per share.
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There has been a strong listing of shares of Jupiter Life Line Hospitals. The stock was listed at Rs 973 per share on NSE and Rs 960 per share on BSE, at a premium of about 32 percent over its issue price of Rs 735 per share.
The shares of Jupiter Life Line Hospitals have been witnessing a rise since its listing. The stock was trading 45.89 percent higher at Rs 1,071 on the NSE at 12 noon. The stock has touched a high of 1108.95 in trading so far.
At the same time, the stock is trading at Rs 1067, up 45.29 percent on the BSE. The stock has touched a high of 1107.50 in trading so far.
One lot of this IPO was of 20 shares. If an investor had held the shares till 12 noon, he would have been making a profit of more than Rs 6,700 per lot.
The IPO of Jupiter Life Line Hospitals received bumper subscriptions from investors. This IPO with an issue size of Rs 869 crore was subscribed 63.72 times. The reserve quota for QIB investors was subscribed 187.32 times, and the reserve quota for retail investors was subscribed 7.73 times.
The IPO of Jupiter Life Line Hospitals was open for investors from the 6th to the 8th of September. The price band of this IPO was fixed at Rs 695 to Rs 735 per share. The lot size in Jupiter Life Line Hospital's IPO was fixed at 20 shares.
Jupiter Life Line Hospitals operates three hospitals (as of March 31, 2023) with 1,194 beds in the Mumbai Metropolitan Area (MMR) and Western India. The company is also building a 500-bed hospital in Dombivali, Maharashtra and its construction has also started in April 2023.
