Blue Jet Healthcare IPO vs Plaza Wires IPO

Comparision between Blue Jet Healthcare IPO and Plaza Wires IPO.

IPO Details

Blue Jet Healthcare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Plaza Wires IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Blue Jet Healthcare IPO	Plaza Wires 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	Pantomath Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Plaza Wires IPO is up to ₹71.28 Cr. The final issue price of Blue Jet Healthcare IPO is ₹346.00 per share and of Plaza Wires IPO is ₹54.00 per share.

	Blue Jet Healthcare IPO	Plaza Wires IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹329.00 per share	₹51.00 per share
Issue Price (Upper)	₹346.00 per share	₹54.00 per share
Issue Price (Final)	₹346.00 per share	₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	43 shares	277 shares
Fresh Issue Size		1,32,00,158 shares
Fresh Issue Size (Amount)		up to ₹71.28 Cr
OFS Issue Size	2,42,85,160 shares
OFS Issue Size (Amount)	up to ₹840.27 Cr
Issue Size Total	2,42,85,160 shares	1,32,00,158 shares
Issue Size Total (Amount)	up to ₹840.27 Cr	up to ₹71.28 Cr

IPO Timetable

Blue Jet Healthcare IPO opens on Oct 25, 2023, while Plaza Wires IPO opens on Sep 29, 2023. The closing date of Blue Jet Healthcare IPO and Plaza Wires IPO is Oct 27, 2023, and Oct 05, 2023, respectively.

	Blue Jet Healthcare IPO	Plaza Wires IPO
Anchor Bid Date	Oct 23, 2023	Sep 27, 2023
Issue Open	Oct 25, 2023	Sep 29, 2023
Issue Close	Oct 27, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 30, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 31, 2023	Oct 11, 2023
Credit of Share (Tentative)	Oct 31, 2023	Oct 12, 2023
Listing date (Tentative)	Nov 01, 2023	Oct 12, 2023
Anchor Lockin End date 1	Nov 29, 2023	Nov 08, 2023
Anchor Lockin End date 2	Jan 28, 2024	Jan 07, 2024

Financials

Blue Jet Healthcare IPO P/E ratio is 37.49, as compared to Plaza Wires IPO P/E ratio of 21.95.

Blue Jet Healthcare IPO

Plaza Wires 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

Plaza Wires Limited Financial Information (Restated)

Plaza Wires Limited's revenue increased by 3.2% and profit after tax (PAT) rose by 26.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	112.10	104.17	99.28
Revenue	182.60	176.94	145.60
Profit After Tax	7.51	5.95	4.24
Net Worth	53.08	45.52	39.48
Reserves and Surplus	22.53	14.96	35.66
Total Borrowing	39.68	40.09	43.30
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

86%

69.83%

P/E Ratio

37.49

21.95

Market Cap

₹6001.90 Cr.

₹236.26 Cr.

ROE

26.60%%

14.15%%

ROCE

31.91%%

15.57%%

Debt/Equity

0.75

EPS

₹9.23

₹2.46

RoNW

23.48%%

14.16%%

Shares Offered

In the Blue Jet Healthcare IPO retail investors (RII) are offered 84,99,806 shares while in Plaza Wires 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 61,96,076 shares in Plaza Wires IPO.

	Blue Jet Healthcare IPO	Plaza Wires IPO
Anchor Investor Reserveration	72,85,548 shares	37,04,044 shares
Market Maker Reserveration
QIB	48,57,032 shares	61,96,076 shares
NII	36,42,774 shares	19,80,023 shares
RII	84,99,806 shares	13,20,015 shares
Employee	0 shares	0 shares
Others
Total	1,69,99,612 shares	94,96,114 shares

Bids Received (Subscription)

Blue Jet Healthcare IPO subscribed 7.95x in total, whereas Plaza Wires IPO subscribed 160.97x.

	Blue Jet Healthcare IPO	Plaza Wires IPO
QIB (times)	13.72x	42.84x
NII (times)	13.59x	388.09x
Big NII (times)	15.65x	360.92x
Small NII (times)	9.48x	442.42x
RII (times)	2.24x	374.81x
Employee (times)
Other (times)
Total (times)	7.95x	160.97x

Compare with others

Blue Jet Healthcare IPO	Plaza Wires IPO
Gandhar Oil Refinery India IPO	Mamaearth IPO
ASK Automotive IPO	Blue Jet Healthcare IPO
ESAF Small Finance Bank IPO	Protean eGov Technologies IPO
Cello World Limited IPO	IRM Energy IPO
Mamaearth IPO	Saraswati Saree Depot IPO
Protean eGov Technologies IPO	Updater Services IPO
IRM Energy IPO	Valiant Laboratories IPO
Saraswati Saree Depot IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Plaza Wires IPO	JSW Infrastructure IPO
Updater Services IPO	Sai Silks (Kalamandir) IPO

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