Nuvama Wealth Limited has successfully closed INR 9,921mn (c.US$ 119mn) IPO for Jupiter Life Line Hospitals

Jupiter Life Line Hospitals Limited is a multi-specialty tertiary and quaternary healthcare provider in the Mumbai Metropolitan Area (MMR).

Nuvama Wealth Limited has successfully closed INR 9,921mn (c.US$ 119mn) Initial Public Offering (IPO) for Jupiter Life Line Hospitals. The IPO received an overwhelming response from the investors to emerge as the highest subscribed Hospitals IPO and amongst the top 3 highest subscribed IPOs in the past 2 years. The IPO saw a stellar success with the stock price closing at 46% premium to the issue price. Nuvama provided end-to-end client handholding and guidance on various deal contours and timing.

Nuvama Investment Banking

Advised in the sale of

Jupiter Life Line Hospitals

to

n.m.

Healthcare

MidCap Alliance