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Blue Jet Healthcare Limited IPO Detail

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.

 Blue Jet Healthcare is a global, science-led pharmaceutical company. They are the provider of: 
  • 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 DateOct 25, 2023
IPO Closing DateOct 27, 2023
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price ₹329 - 346 per equity share
Market Lot43 Shares
Min Order Quantity43 Shares
Listing AtBSE, NSE
Issue Size₹840.27 Cr
Fresh Issue-
Offer for Sale₹840.27 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

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 DateOct 25, 2023
IPO Close DateOct 27, 2023
Basis of Allotment DateOct 30, 2023
Initiation of RefundsOct 31, 2023
Credit of Shares to Demat AccountOct 31, 2023
IPO Listing DateNov 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding86%

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