Jupiter Life Line Hospitals were commanding a premium of Rs 250 in the grey market on 12 September, according to ipowatch.in
Jupiter Life Line Hospitals is likely to finalise the basis of the allotment of its shares on Wednesday, 13 September. The initial public offering (IPO) of the healthcare provider has received a robust response from investors, particularly institutional investors, during the three-day bidding process.
The public issue of Jupiter Life Line Hospital opened for subscription on 6 September and 8 September. The company had fixed the price band in the range of Rs 695-735 per share with a lot size of 20 shares to raise around Rs 869 crore from its IPO.
The IPO was overall subscribed 64.80 times. The portion for qualified institutional bidders (QIBs) was subscribed 181.89 times, the non-institutional investors’ category was subscribed 36 times, and the portion reserved for retail investors was subscribed 8 times during the three-day bidding process.
Ahead of the Jupiter Hospital IPO allotment, the grey market has gone highly bullish on the Jupiter Hospital IPO. According to ipowatch.in, shares of Jupiter Life Line Hospitals were commanding a premium of Rs 250 in the grey market on 12 September, which is around 35 per cent higher than the upper price band of Rs 735.
Investors who had bid for the issue can check the allotment status on the Bombay Stock Exchange (BSE) website: https://www.bseindia.com/investors/appli_check.aspx
Select ‘Equity’ as the issue type and select the company name to proceed
Enter your application number and PAN card number
Check 'I am not a robot and hit submit
Investors can also check the allotment status on the online portal of Kfin Technologies Limited, the registrar of the issue.
Visit the official website: https://kosmic.kfintech.com/ipostatus
Select the company name
Enter the application number, demat account number, or PAN card number
Fill out the captcha accurately and hit submit
Bidders who could not get the allotment in the IPO may start getting refunds on Thursday, 14 September. Others will see the credit of shares in their respective demat accounts by Friday, 15 September. The listing of the IPO is likely to happen on Monday, 18 September.