Jupiter Hospital IPO: The listing date of Jupiter Life Line Hospitals Limited IPO has been set on September 18, 2023, i.e. today. As per the BSE notification, effective from Monday, September 18, 2023, the shares of Jupiter Life Line Hospitals Limited will be listed and admitted to trading in the list of ‘B’ securities group on the NSE and BSE. According to stock market experts, Jupiter Hospital share price may start above its upper price range on BSE and NSE ₹735 per share. They said that in the case of the bears, Jupiter Hospital’s listing price could be around $100,000 ₹950 per share, while in the case of the bulls, there may be a four-digit listing on Indian bourses.
Meanwhile, ahead of Jupiter Hospital’s listing, there are also indications in the gray market that the shares could have a positive debut. However, a four-digit listing is not envisaged as Jupiter Hospitals shares are available at a premium of ₹233 on the gray market today.
Experts on the stock market price of Jupiter Hospital
Talking about Jupiter Hospital’s listing, Arun Kejriwal, Founder, Kejriwal Research & Investment Services, said, “Jupiter Hospital’s shares may be trading positively as one of its recent competitors Yatharth Hospital also recorded a positive listing.” If you look at the Comparing fundamentals of Jupiter Hospital with that of Yatharth Hospital, Jupiter Hospital IPO seems to be valued at higher valuations and hence I expect a positive but not robust listing as we saw in the case of ideaForge, Mankind Pharma and Divgi torq have
Transfer etc. Stock listing.” However, Arun Kejriwal maintained that the sentiment in the secondary market was positive and this could support the listing of Jupiter Hospital.
Commenting on the expected IPO price of Jupiter Hospital, Ravi Singhal, CEO, GCL Broking said, “Jupiter Hospital received a strong response from investors as it was oversubscribed within hours of the issue open, fetching more than 63 times its initial offer. It was subscribed over 187 times in the QIB category, indicating excitement about the initial offering in the primary market. However, the issue was offered at higher valuations. With secondary market sentiment at an all-time high, we could see a positive, if not strong, debut for Jupiter Hospital shares.”
Ravi Singhal of GCL Securities said Jupiter Hospital shares could rise about 10% in the event of a bear market ₹950 apiece while Jupiter Hospital share price could open up around 100% in the bull case ₹1,040 per share. So Jupiter Hospital IPO could have a four-digit listing if the Indian stock market manages to extend its three-day rally for another session.
Jupiter Hospital IPO GMP today
According to market watchers, the gray market premium (GMP) for Jupiter Hospital’s IPO is today ₹233, which means the gray market believes that Jupiter Hospital’s listing price is around 968 ( ₹735+ ₹233), which is around 32 percent above Jupiter Hospital’s IPO price range ₹695 tons ₹735 per share. The gray market therefore signals that participants can expect a stock market increase of around 30 percent as a result of Jupiter Hospital’s IPO.
Disclaimer: The views and recommendations expressed above are those of individual analysts or brokerage firms and not of Mint. We recommend investors consult certified experts before making an investment decision.
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