Jupiter Life Line Hospitals, founded in 2007, is a multi-speciality tertiary and quaternary healthcare service provider in India's western regions and the Mumbai Metropolitan Area (MMA). They have received Rs. 260.72 crore from Anchor Investors ahead of their Initial Public Offering (IPO) opening on September 5. The Qualified Institutional Buyers (QIB) are also part of their anchor investors. Anchor investors are typically institutional investors, and many of them fall under the category of QIBs. QIBs are considered experienced and sophisticated investors who meet certain criteria in various financial markets, such as mutual funds, insurance companies, banks, pension funds, foreign institutional investors (FIIs), foreign portfolio investors (FPIs), and more. The primary goal of Jupiter Life Line Hospitals is to secure commitments from these anchor investors to demonstrate confidence in their IPO and provide stability.
There were about 39 anchor investors; a few of their anchor investors are as follows:
♦ SBI Mutual Fund and SBI Life Insurance Company
♦ ICICI Prudential
♦ Nippon Life
♦ HDFC Mutual Fund and HDFC Life Insurance
♦ Axis Mutual Fund
♦ Aditya Birla Sun Life Trustee
♦ UTI Mutual Fund
♦ Motilal Oswal MF
♦ Government of Singapore
♦ Abu Dhabi Investment Authority
♦ Fidelity Funds
♦ Goldman Sachs
♦ Nomura Funds
♦ HSBC Global
♦ Florida Retirement System
♦ Natixis International Funds
(Investors Source: moneycontrol.com)
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