Blue Jet Healthcare IPO Review

 
Blue Jet Healthcare IPO Review

IPO Open Date: October 25, 2023

IPO Close Date: October 27, 2023

IPO Price: ₹329 to ₹346 per share

Lot Size: 43 Shares

Listing: November 6, 2023

Blue Jet Healthcare is scheduled to hit the market on October 25, 2023 and close on October 27, 2023. Blue Jet Healthcare plans to raise around ₹840.27 Cr through an IPO with a sale of up to 24,285,160 equity shares of ₹2 each. The Retail offered 35.00%, QIB Shares Offered 50.00%, HNI Shares Offered 15.00%.

Established in 1968, Blue Jet Healthcare specializes in the production of pharmaceutical and healthcare ingredients, notably pioneering the manufacturing of saccharin and its salts (artificial sweeteners) in India. Their product portfolio spans three primary categories: contrast media intermediates, high-intensity sweeteners, and pharmaceutical intermediates and active pharmaceutical ingredients.

Blue Jet Healthcare serves as a global, science-driven pharmaceutical enterprise, offering comprehensive services such as process development and production capabilities, global regulatory support, and collaboration for the development and manufacturing of advanced pharmaceutical intermediates and APIs.

Blue Jet Healthcare IPO Review


Blue Jet Healthcare IPO Details

Blue Jet Healthcare IPO opens on Oct 25, 2023, and closes on Oct 27, 2023. The Listing date for Blue Jet Healthcare IPO is on Nov 06, 2023. The price band for IPO is ₹329 to ₹346 per share and lot size of 43 Shares.

IPO DateOct 25, 2023 to Oct 27, 2023
Listing DateNov 06, 2023
Price₹329 to ₹346 per share
Lot Size43 Shares
Issue Size₹840.27 Cr
Face Value₹2 per share

Blue Jet Healthcare IPO Tentative Timetable

Blue Jet Healthcare opening date is October 25, 2023 and close date is October 27, 2023. The IPO allotment date is November 1, 2023. The refund initiation of IPO is on November 1, 2023. The credit of shares in demat account is on November 3, 2023. The listing date is on November 6, 2023.

EventDate
IPO OpeningOct 25, 2023
IPO ClosingOct 27, 2023
IPO Allotment DateNov 1, 2023
Refund InitiationNov 1, 2023
Shares Credit to DematNov 3, 2023
Lisiting DateNov 6, 2023

Blue Jet Healthcare IPO Lot Size

Lot Size of this IPO is 43 shares. A retail-individual investor can apply for up to 1 lot (600 shares or ₹124,800).

CategoryLotsSharesAmount
Retail(Minimum)143₹14,878
Retail(Maximum)13559₹193,414
S-HNI (Minimum)14602₹208,292
B-HNI (Minimum)682,924₹1,011,704

Blue Jet Healthcare IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding86.00%

Blue Jet Healthcare IPO Review

Blue Jet Healthcare's impending IPO launch is garnering significant interest within the pharmaceutical and healthcare industry. With a rich history dating back to 1968, the company has established itself as a prominent manufacturer of saccharin, contrast media intermediates, and other pharmaceutical ingredients.

Examining the company's financial performance, Blue Jet Healthcare recorded a notable increase in revenue by 5.98%, despite a slight decrease of -11.88% in profit after tax (PAT) between the fiscal years ending March 31, 2023, and March 31, 2022. Additionally, the company's robust Key Performance Indicators (KPIs), including a high Return on Equity (ROE) of 26.60%, Return on Capital Employed (ROCE) of 31.91%, and a commendable Earnings per Share (EPS) of Rs 9.23, reflect its strong operational efficiency and financial stability.

Blue Jet Healthcare's IPO market capitalization of Rs 6001.9 Cr and a Price-to-Earnings (P/E) ratio of 37.49 indicate substantial investor confidence in the company's growth potential. The IPO, however, will not provide any proceeds to the company, with all funds going to the Selling Shareholders. Overall, Blue Jet Healthcare's consistent performance, strategic market positioning, and robust financials make it an attractive investment opportunity, warranting careful consideration from investors looking for long-term growth within the pharmaceutical and healthcare sector.

Blue Jet Healthcare IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0
  bNII (bids above ₹10L)0
  sNII (bids below ₹10L)0
Retail Investors(RII)0
Employees0
Others0
Total0

Blue Jet Healthcare IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Blue Jet Healthcare IPO FAQs

What is Blue Jet Healthcare IPO?

Blue Jet Healthcare is issuing 24,285,160 equity shares with a face value of ₹2 each, totaling up to ₹840.27 Cr. The shares are being offered at a price of ₹329 to ₹346 each, with a minimum order quantity of 43 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Blue Jet Healthcare IPO will open?

Blue Jet Healthcare will open on October 25, 2023 for QIB, NII, and Retail Investors.

When Blue Jet Healthcare IPO will end?

Blue Jet Healthcare will end on October 27, 2023.

What is Blue Jet Healthcare IPO Size?

Blue Jet Healthcare IPO size is 840.27 Cr.

What is Blue Jet Healthcare IPO Price Band?

Blue Jet Healthcare price band is ₹329 to ₹346 per share.

What is the Blue Jet Healthcare IPO Allotment Date?

Blue Jet Healthcare allotment date is November 1, 2023.

What is the Blue Jet Healthcare IPO Listing Date?

Blue Jet Healthcare listing date is November 6, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Blue Jet Healthcare IPO through Zerodha?

To apply for the IPO “Blue Jet Healthcare” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Blue Jet Healthcare IPO through Upstox?

To apply for the IPO “Blue Jet Healthcare” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Blue Jet Healthcare IPO Allotment Status?

For Blue Jet Healthcare IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Blue Jet Healthcare IPO GMP?

You can check out here: Blue Jet Healthcare IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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