Blue Jet Healthcare Limited IPO Detail
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.
- Process development and production capabilities
- Global regulatory support
- Collaboration, development, and manufacturing of advanced pharmaceutical intermediates and API.
As of September 2022, the company has catered to more than 350 customers in 35 countries.
Company Promoters
IPO Details
| IPO Opening Date | Oct 25, 2023 |
| IPO Closing Date | Oct 27, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹329 - 346 per equity share |
| Market Lot | 43 Shares |
| Min Order Quantity | 43 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹840.27 Cr |
| Fresh Issue | - |
| Offer for Sale | ₹840.27 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.01x | - | - | 1.37x | 0.79x | 0.69x |
| Day 2 | 0.09x | - | - | 2.84x | 1.38x | 1.32x |
| Day 3 | 13.72x | - | - | 13.59x | 2.24x | 7.95x |
IPO Tentative Timetable
The Blue Jet Healthcare Limited IPO open date is Oct 25, 2023, and the close date is Oct 27, 2023. The issue may list on Nov 01, 2023.
| IPO Open Date | Oct 25, 2023 |
| IPO Close Date | Oct 27, 2023 |
| Basis of Allotment Date | Oct 30, 2023 |
| Initiation of Refunds | Oct 31, 2023 |
| Credit of Shares to Demat Account | Oct 31, 2023 |
| IPO Listing Date | Nov 01, 2023 |
IPO Lot Size
The Blue Jet Healthcare Limited IPO market lot size is 43 shares. A retail-individual investor can apply for up to 13 lots (559 shares or ₹193414).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 43 | ₹14878 |
| Maximum | 13 | 559 | ₹193414 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 86% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 536.27 | 507.81 | 135.79 |
| 31-Mar-22 | 713.38 | 702.88 | 181.59 |
| 31-Mar-23 | 826.07 | 826.07 | 160.03 |
Objects of the Issue:
The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.Blue Jet Healthcare Limited IPO Registrar:
Link Intime India Private Ltd
Blue Jet Healthcare Limited IPO Lead Manager(s):
Kotak Mahindra Capital Company Limited ICICI Securities Limited J.P. Morgan India Private Limited
Company Contact Information:
Blue Jet Healthcare Limited
701, 702, 7th Floor, Bhumiraj Costarica
Sector 18, Sanpada
Navi Mumbai, Thane – 400 705
