Blue Jet Healthcare Limited
- IPO Date25 Oct, 2023 to 27 Oct, 2023
- Listing Date-
- Face Value₹2 per share
- Issue Price₹329 to ₹346 per share
- Lot Size43 Shares
- Minimum Investment₹14,878
- Listing AtBSE, NSE
- Total Issue Size2,42,85,160 Shares
(aggregating up to ₹840.27 Cr) - Fresh Issue-
- Offer for Sale2,42,85,160 Shares
(aggregating up to ₹840.27 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue17,34,65,425
- Shareholding post issue17,34,65,425
IPO Dates
Closing Date
27 Oct, 2023
Initiation of Refunds
03 Nov, 2023
Listing Date
06 Nov, 2023
25 Oct, 2023
Opening Date
01 Nov, 2023
Basis of Allotment
03 Nov, 2023
Credit of Shares
Blue Jet Healthcare Limited Lot Size
Investors can bid for a minimum of 43 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 43 | ₹14,878 |
| Retail (Max) | 13 | 559 | ₹1,93,414 |
| S-HNI (Min) | 14 | 602 | ₹2,08,292 |
| S-HNI (Max) | 67 | 2881 | ₹9,96,826 |
| B-HNI (Min) | 68 | 2924 | ₹10,11,704 |
Blue Jet Healthcare Limited Promoter Holding
Akshay Bansarilal Arora, Shiven Akshay Arora and Archana & Akshay Arora are the promoters of the company
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 86% |
Key Performance Indicator
Blue Jet Healthcare IPO Market Cap is Rs 6001.9 Cr and P/E (x) is 37.49.
| KPI | Values |
|---|---|
| ROE | 26.6% |
| ROCE | 31.91% |
| RoNW | 23.48% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 37.49 | 9.23 |
| P/E (x) | 37.49 | 9.23 |
Blue Jet Healthcare Limited COMPANY INFORMATION
Blue Jet Healthcare IPO is a book built issue of Rs 840.27 crores. The issue is entirely an offer for sale of 2.43 crore shares. Blue Jet Healthcare IPO bidding opened for subscription on October 25, 2023 and will close on October 27, 2023. The allotment for the Blue Jet Healthcare IPO is expected to be finalized on Wednesday, November 1, 2023. Blue Jet Healthcare IPO will list on BSE, NSE with tentative listing date fixed as Monday, November 6, 2023. Blue Jet Healthcare IPO price band is set at ₹329 to ₹346 per share. The minimum lot size for an application is 43 Shares. The minimum amount of investment required by retail investors is ₹14,878. The minimum lot size investment for sNII is 14 lots (602 shares), amounting to ₹208,292, and for bNII, it is 68 lots (2,924 shares), amounting to ₹1,011,704. Kotak Mahindra Capital Company Limited, ICICI Securities Limited and J.P. Morgan India Private Limited are the book running lead managers of the Blue Jet Healthcare IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Blue Jet Healthcare IPO RHP for detailed information.
Incorporated in 1968, Blue Jet Healthcare is a pharmaceutical and healthcare ingredient and an intermediate company. Blue Jet Healthcare was the first manufacturer of saccharin and its salts (artificial sweeteners) in India. They later expanded into contrast media intermediates, which are used in CT scans and MRIs. The company mainly deals in three product categories: (i) contrast media intermediates, (ii) high-intensity sweeteners, and (iii) pharma intermediates and active pharmaceutical ingredients.
- Process development and production capabilities
- Global regulatory support
- Collaboration, development, and manufacturing of advanced pharmaceutical intermediates and API.
The company has three manufacturing facilities, which are situated in Shahad (Unit I), Ambernath (Unit II) and Mahad (Unit III) in the state of Maharashtra, India, with an annual installed capacity of 200.60 KL, 607.30 KL and 213.00 KL, respectively, as of June 30, 2023.
Company's core strength lies in the following
- Huge manufacturing capacity of contrast media intermediates in India.
- The company operates in a niche market that has high entry barriers.
- Long-term relationships and long term contracts with multi-national customers.
FAQs About Blue Jet Healthcare Limited
Blue Jet Healthcare Limited will open on 25 Oct, 2023 and close on 27 Oct, 2023. Investors must apply within this period to participate.
The Blue Jet Healthcare Limited price band is set between ₹329.00 and ₹346.00 per share. The minimum lot size is 43, requiring an investment of at least ₹14878.00.
The Blue Jet Healthcare Limited shares are expected to be listed on , subject to regulatory approvals and final allotment.
You can track your Blue Jet Healthcare Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Blue Jet Healthcare Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.