Jupiter IPO subscribes 63.72 times

New Delhi: The initial public offering (IPO) of multi-speciality hospital chain Jupiter Life Line Hospitals Limited was subscribed 63.72 times on the last day of subscription on Friday, helped by huge demand from institutional buyers.

The public issue received bids for 54,14,60,120 shares against 84,97,169 shares on offer, according to NSE data. The portion for qualified institutional buyers (QIBs) received 187.32 times subscription, while the quota for non-institutional investors got subscribed 34.75 times and that of Retail Individual Investors (RIIs) was subscribed 7.73 times.

The IPO had a fresh issue of equity shares worth Rs 542 crore and an offer for sale of up to 44.50 lakh equity shares.