Blue Jet Healthcare IPO vs Saraswati Saree Depot IPO

Comparision between Blue Jet Healthcare IPO and Saraswati Saree Depot IPO.

IPO Details

Blue Jet Healthcare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Saraswati Saree Depot IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Blue Jet Healthcare IPO	Saraswati Saree Depot 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	Unistone Capital Pvt Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Saraswati Saree Depot IPO is up to ₹160.01 Cr. The final issue price of Blue Jet Healthcare IPO is ₹346.00 per share and of Saraswati Saree Depot IPO is ₹160.00 per share.

	Blue Jet Healthcare IPO	Saraswati Saree Depot IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹329.00 per share	₹152.00 per share
Issue Price (Upper)	₹346.00 per share	₹160.00 per share
Issue Price (Final)	₹346.00 per share	₹160.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	43 shares	90 shares
Fresh Issue Size		64,99,800 shares
Fresh Issue Size (Amount)		up to ₹104.00 Cr
OFS Issue Size	2,42,85,160 shares	35,01,000 shares
OFS Issue Size (Amount)	up to ₹840.27 Cr	up to ₹56.02 Cr
Issue Size Total	2,42,85,160 shares	1,00,00,800 shares
Issue Size Total (Amount)	up to ₹840.27 Cr	up to ₹160.01 Cr

IPO Timetable

Blue Jet Healthcare IPO opens on Oct 25, 2023, while Saraswati Saree Depot IPO opens on Aug 12, 2024. The closing date of Blue Jet Healthcare IPO and Saraswati Saree Depot IPO is Oct 27, 2023, and Aug 14, 2024, respectively.

	Blue Jet Healthcare IPO	Saraswati Saree Depot IPO
Anchor Bid Date	Oct 23, 2023	Aug 09, 2024
Issue Open	Oct 25, 2023	Aug 12, 2024
Issue Close	Oct 27, 2023	Aug 14, 2024
Basis Of Allotment (Tentative)	Oct 30, 2023	Aug 16, 2024
Initiation of Refunds (Tentative)	Oct 31, 2023	Aug 19, 2024
Credit of Share (Tentative)	Oct 31, 2023	Aug 19, 2024
Listing date (Tentative)	Nov 01, 2023	Aug 20, 2024
Anchor Lockin End date 1	Nov 29, 2023	Sep 15, 2024
Anchor Lockin End date 2	Jan 28, 2024	Nov 14, 2024

Financials

Blue Jet Healthcare IPO P/E ratio is 37.49, as compared to Saraswati Saree Depot IPO P/E ratio of 17.94.

Blue Jet Healthcare IPO

Saraswati Saree Depot 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

Saraswati Saree Depot Limited Financial Information (Restated Consolidated)

Saraswati Saree Depot Limited's revenue increased by 2% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	205.94	188.85	169.93
Revenue	612.58	603.52	550.31
Profit After Tax	29.53	22.97	12.31
Net Worth	64.91	35.38	12.41
Total Borrowing	43.49	41.43	66.62
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

86%

74.75%

P/E Ratio

37.49

17.94

Market Cap

₹6001.90 Cr.

₹633.60 Cr.

ROE

26.60%%

58.88%

ROCE

31.91%%

64.46%

Debt/Equity

0.67

EPS

₹9.23

₹8.92

RoNW

23.48%%

45.49%

Shares Offered

In the Blue Jet Healthcare IPO retail investors (RII) are offered 84,99,806 shares while in Saraswati Saree Depot 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 50,00,400 shares in Saraswati Saree Depot IPO.

	Blue Jet Healthcare IPO	Saraswati Saree Depot IPO
Anchor Investor Reserveration	72,85,548 shares
Market Maker Reserveration
QIB	48,57,032 shares	50,00,400 shares
NII	36,42,774 shares	15,00,120 shares
RII	84,99,806 shares	35,00,280 shares
Employee	0 shares	0 shares
Others
Total	1,69,99,612 shares	1,00,00,800 shares

Bids Received (Subscription)

Blue Jet Healthcare IPO subscribed 7.95x in total, whereas Saraswati Saree Depot IPO subscribed 107.39x.

	Blue Jet Healthcare IPO	Saraswati Saree Depot IPO
QIB (times)	13.72x	64.12x
NII (times)	13.59x	358.47x
Big NII (times)	15.65x	389.28x
Small NII (times)	9.48x	296.85x
RII (times)	2.24x	61.59x
Employee (times)
Other (times)
Total (times)	7.95x	107.39x

Compare with others

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

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