bullish
Jupiter Life Line Hospitals (0372574D IN) IPO: A Niche Regional Play with Strong Track Record
492 Views07 Sep 2023 19:25
SUMMARY
- Jupiter Life Line Hospitals (0372574D IN) has hit the market to raise INR8.7B via an IPO. The IPO is a combination of a fresh issue and an OFS portion.
- The company is a multi-specialty tertiary and quaternary healthcare provider in the Mumbai Metropolitan Area and western region of India. It intends to use the IPO proceeds for debt repayment.
- In FY23, revenue increased 22% YoY to INR8.9B, while EBITDA margin expanded 210bps to 23.45%. Ramping up of Indore facility and upcoming greenfield hospital in Maharashtra are major growth drivers.
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Tina Banerjee
Global Healthcare Analyst
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