Blue Jet Healthcare IPO vs Gandhar Oil Refinery India IPO

Comparision between Blue Jet Healthcare IPO and Gandhar Oil Refinery India IPO.

IPO Details

Blue Jet Healthcare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Gandhar Oil Refinery India IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Blue Jet Healthcare IPO	Gandhar Oil Refinery India IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Kotak Mahindra Capital Company Limited ICICI Securities Limited J.P. Morgan India Private Limited	ICICI Securities Limited Nuvama Wealth Management Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Blue Jet Healthcare IPO is up to ₹840.27 Cr whereas the issue size of the Gandhar Oil Refinery India IPO is up to ₹500.69 Cr. The final issue price of Blue Jet Healthcare IPO is ₹346.00 per share and of Gandhar Oil Refinery India IPO is ₹169.00 per share.

	Blue Jet Healthcare IPO	Gandhar Oil Refinery India IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹329.00 per share	₹160.00 per share
Issue Price (Upper)	₹346.00 per share	₹169.00 per share
Issue Price (Final)	₹346.00 per share	₹169.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	43 shares	88 shares
Fresh Issue Size		1,78,69,822 shares
Fresh Issue Size (Amount)		up to ₹302.00 Cr
OFS Issue Size	2,42,85,160 shares	1,17,56,910 shares
OFS Issue Size (Amount)	up to ₹840.27 Cr	up to ₹198.69 Cr
Issue Size Total	2,42,85,160 shares	2,96,26,732 shares
Issue Size Total (Amount)	up to ₹840.27 Cr	up to ₹500.69 Cr

IPO Timetable

Blue Jet Healthcare IPO opens on Oct 25, 2023, while Gandhar Oil Refinery India IPO opens on Nov 22, 2023. The closing date of Blue Jet Healthcare IPO and Gandhar Oil Refinery India IPO is Oct 27, 2023, and Nov 24, 2023, respectively.

	Blue Jet Healthcare IPO	Gandhar Oil Refinery India IPO
Anchor Bid Date	Oct 23, 2023	Nov 21, 2023
Issue Open	Oct 25, 2023	Nov 22, 2023
Issue Close	Oct 27, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Oct 30, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Oct 31, 2023	Nov 29, 2023
Credit of Share (Tentative)	Oct 31, 2023	Nov 29, 2023
Listing date (Tentative)	Nov 01, 2023	Nov 30, 2023
Anchor Lockin End date 1	Nov 29, 2023	Dec 28, 2023
Anchor Lockin End date 2	Jan 28, 2024	Feb 26, 2024

Financials

Blue Jet Healthcare IPO P/E ratio is 37.49, as compared to Gandhar Oil Refinery India IPO P/E ratio of .

Blue Jet Healthcare IPO

Gandhar Oil Refinery India IPO

Financial

Blue Jet Healthcare Limited Financial Information (Restated Standalone)

Blue Jet Healthcare Limited's revenue increased by 5.98% and profit after tax (PAT) dropped by -11.88% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022
Assets	903.80	862.07	713.38
Revenue	184.60	744.94	702.88
Profit After Tax	44.12	160.03	181.59
Net Worth	725.68	681.49	521.54
Reserves and Surplus	690.99	646.79	486.85
Total Borrowing
Amount in ₹ Crore

Gandhar Oil Refinery (India) Limited Financial Information (Proforma Consolidated)

Gandhar Oil Refinery (India) Limited's revenue increased by 20.71% and profit after tax (PAT) rose by 15.67% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,795.57	1,613.44	1,318.21	1,097.70
Revenue	1,071.52	4,101.79	3,397.98	2,069.58
Profit After Tax	54.28	213.18	184.30	161.14
Net Worth	810.79	760.21	560.71	375.76
Reserves and Surplus	763.99	719.19	529.07	355.68
Total Borrowing	335.62	169.53	158.16	176.78
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

87.50%

Promoter Shareholding (Post-Issue)

86%

64.63%

P/E Ratio

37.49

Market Cap

₹6001.90 Cr.

₹1654.00 Cr.

ROE

26.60%%

32.28%%

ROCE

31.91%%

41.19%%

Debt/Equity

0.22

EPS

₹9.23

₹23.77

RoNW

23.48%%

32.28%%

Shares Offered

In the Blue Jet Healthcare IPO retail investors (RII) are offered 84,99,806 shares while in Gandhar Oil Refinery India IPO retail investors are offered 84,99,806 shares. Qualified institutional buyers (QIB) are offered 48,57,032 shares in Blue Jet Healthcare IPO and 59,25,346 shares in Gandhar Oil Refinery India IPO.

	Blue Jet Healthcare IPO	Gandhar Oil Refinery India IPO
Anchor Investor Reserveration	72,85,548 shares	88,88,018 shares
Market Maker Reserveration
QIB	48,57,032 shares	59,25,346 shares
NII	36,42,774 shares	44,44,010 shares
RII	84,99,806 shares	1,03,69,356 shares
Employee	0 shares	0 shares
Others
Total	1,69,99,612 shares	2,07,38,712 shares

Bids Received (Subscription)

Blue Jet Healthcare IPO subscribed 7.95x in total, whereas Gandhar Oil Refinery India IPO subscribed 65.63x.

	Blue Jet Healthcare IPO	Gandhar Oil Refinery India IPO
QIB (times)	13.72x	129.06x
NII (times)	13.59x	64.34x
Big NII (times)	15.65x	61.93x
Small NII (times)	9.48x	69.17x
RII (times)	2.24x	29.93x
Employee (times)
Other (times)
Total (times)	7.95x	65.63x

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