Blue Jet Healthcare IPO vs Protean eGov Technologies IPO

Comparision between Blue Jet Healthcare IPO and Protean eGov Technologies IPO.

IPO Details

Blue Jet Healthcare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Protean eGov Technologies IPO is a Mainline Book Built Issue proposed to list at BSE.

	Blue Jet Healthcare IPO	Protean eGov Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	Kotak Mahindra Capital Company Limited ICICI Securities Limited J.P. Morgan India Private Limited	ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd
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 Protean eGov Technologies IPO is up to ₹490.33 Cr. The final issue price of Blue Jet Healthcare IPO is ₹346.00 per share and of Protean eGov Technologies IPO is ₹792.00 per share.

	Blue Jet Healthcare IPO	Protean eGov Technologies IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹329.00 per share	₹752.00 per share
Issue Price (Upper)	₹346.00 per share	₹792.00 per share
Issue Price (Final)	₹346.00 per share	₹792.00 per share
Discount (Retail)
Discount (Employee)		₹75.00 per share
Market Lot Size	43 shares	18 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	2,42,85,160 shares	61,91,000 shares
OFS Issue Size (Amount)	up to ₹840.27 Cr	up to ₹490.33 Cr
Issue Size Total	2,42,85,160 shares	61,91,000 shares
Issue Size Total (Amount)	up to ₹840.27 Cr	up to ₹490.33 Cr

IPO Timetable

Blue Jet Healthcare IPO opens on Oct 25, 2023, while Protean eGov Technologies IPO opens on Nov 06, 2023. The closing date of Blue Jet Healthcare IPO and Protean eGov Technologies IPO is Oct 27, 2023, and Nov 08, 2023, respectively.

	Blue Jet Healthcare IPO	Protean eGov Technologies IPO
Anchor Bid Date	Oct 23, 2023	Nov 03, 2023
Issue Open	Oct 25, 2023	Nov 06, 2023
Issue Close	Oct 27, 2023	Nov 08, 2023
Basis Of Allotment (Tentative)	Oct 30, 2023	Nov 13, 2023
Initiation of Refunds (Tentative)	Oct 31, 2023	Nov 15, 2023
Credit of Share (Tentative)	Oct 31, 2023	Nov 16, 2023
Listing date (Tentative)	Nov 01, 2023	Nov 13, 2023
Anchor Lockin End date 1	Nov 29, 2023	Dec 13, 2023
Anchor Lockin End date 2	Jan 28, 2024	Feb 11, 2024

Financials

Blue Jet Healthcare IPO P/E ratio is 37.49, as compared to Protean eGov Technologies IPO P/E ratio of 29.91.

Blue Jet Healthcare IPO

Protean eGov Technologies 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

Protean eGov Technologies Limited Financial Information (Restated Consolidated)

Protean eGov Technologies Limited's revenue increased by 1.78% and profit after tax (PAT) dropped by -25.63% 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	1,133.86	1,104.10	988.14	862.39
Revenue	233.17	783.87	770.18	652.03
Profit After Tax	32.21	107.04	143.94	92.19
Net Worth	888.10	856.94	788.00	667.46
Reserves and Surplus	847.48	816.33	747.43	627.14
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

86%

P/E Ratio

37.49

29.91

Market Cap

₹6001.90 Cr.

₹3203.38 Cr.

ROE

26.60%%

12.49%%

ROCE

31.91%%

16.13%%

Debt/Equity

EPS

₹9.23

₹26.48

RoNW

23.48%%

12.49%%

Shares Offered

In the Blue Jet Healthcare IPO retail investors (RII) are offered 84,99,806 shares while in Protean eGov Technologies 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 12,08,200 shares in Protean eGov Technologies IPO.

	Blue Jet Healthcare IPO	Protean eGov Technologies IPO
Anchor Investor Reserveration	72,85,548 shares	18,12,300 shares
Market Maker Reserveration
QIB	48,57,032 shares	12,08,200 shares
NII	36,42,774 shares	9,06,150 shares
RII	84,99,806 shares	21,14,350 shares
Employee	0 shares	1,50,000 shares
Others
Total	1,69,99,612 shares	43,78,700 shares

Bids Received (Subscription)

Blue Jet Healthcare IPO subscribed 7.95x in total, whereas Protean eGov Technologies IPO subscribed 23.86x.

	Blue Jet Healthcare IPO	Protean eGov Technologies IPO
QIB (times)	13.72x	46.94x
NII (times)	13.59x	31.62x
Big NII (times)	15.65x	33.14x
Small NII (times)	9.48x	28.58x
RII (times)	2.24x	8.93x
Employee (times)		1.49x
Other (times)
Total (times)	7.95x	23.86x

Compare with others

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

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