Jupiter Hospital’s Rs869-cr IPO on Sept6-8

New Delhi: Multispecialty hospital chain Jupiter Life Line Hospitals on Friday said it has fixed a price band of Rs695-735 a share for its Rs869-crore initial public offering (IPO).

The initial share sale will open for public subscription during September 6-8 and the bidding for anchor investors will open on September 5, the company said. The IPO comprises a fresh issue of equity shares worth Rs542 crore and an offer for sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders. Last month, Jupiter Hospital mobilised Rs123 crore from institutional investors in the pre-IPO round thereby reducing fresh issue size.