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Blue Jet Healthcare IPO is a book built issue of Rs 840.27 crores. The issue is entirely an offer for sale of 2.43 crore shares.
Blue Jet Healthcare IPO bidding started from October 25, 2023 and ended on October 27, 2023. The allotment for Blue Jet Healthcare IPO was finalized on Monday, October 30, 2023. The shares got listed on BSE, NSE on November 1, 2023.
Blue Jet Healthcare IPO price band is set at ₹329 to ₹346 per share. The minimum lot size for an application is 43 Shares. The minimum amount of investment required by retail investors is ₹14,878. The minimum lot size investment for sNII is 14 lots (602 shares), amounting to ₹208,292, and for bNII, it is 68 lots (2,924 shares), amounting to ₹1,011,704.
Kotak Mahindra Capital Company Limited, ICICI Securities Limited and J.P. Morgan India Private Limited are the book running lead managers of the Blue Jet Healthcare IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Blue Jet Healthcare IPO RHP for detailed information.
IPO Date | October 25, 2023 to October 27, 2023 |
Listing Date | November 1, 2023 |
Face Value | ₹2 per share |
Price Band | ₹329 to ₹346 per share |
Lot Size | 43 Shares |
Total Issue Size | 24,285,160 shares (aggregating up to ₹840.27 Cr) |
Offer for Sale | 24,285,160 shares of ₹2 (aggregating up to ₹840.27 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding post issue | 173,465,425 |
Blue Jet Healthcare IPO offers 24,285,160 shares. 4,857,032 (20.00%) to QIB, 3,642,774 (15.00%) to NII, 8,499,806 (35.00%) to RII and 7,285,548 (30.00%) to Anchor investors. 197,669 RIIs will receive minimum 43 shares and 2,017 (sNII) and 4,034 (bNII) will receive minimum 602 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | 7,285,548 (30.00%) | NA |
QIB Shares Offered | 4,857,032 (20.00%) | NA |
NII (HNI) Shares Offered | 3,642,774 (15.00%) | |
bNII > ₹10L | 2,428,516 (10.00%) | 4,034 |
sNII < ₹10L | 1,214,258 (5.00%) | 2,017 |
Retail Shares Offered | 8,499,806 (35.00%) | 197,669 |
Total Shares Offered | 24,285,160 (100%) |
Blue Jet Healthcare IPO raises Rs 252.08 crore from anchor investors. Blue Jet Healthcare IPO Anchor bid date is October 23, 2023. Blue Jet Healthcare IPO Anchor Investors list
Bid Date | October 23, 2023 |
Shares Offered | 7,285,548 |
Anchor Portion Size (In Cr.) | 252.08 |
Anchor lock-in period end date for 50% shares (30 Days) | November 29, 2023 |
Anchor lock-in period end date for remaining shares (90 Days) | January 28, 2024 |
Blue Jet Healthcare IPO opens on October 25, 2023, and closes on October 27, 2023.
IPO Open Date | Wednesday, October 25, 2023 |
IPO Close Date | Friday, October 27, 2023 |
Basis of Allotment | Monday, October 30, 2023 |
Initiation of Refunds | Tuesday, October 31, 2023 |
Credit of Shares to Demat | Tuesday, October 31, 2023 |
Listing Date | Wednesday, November 1, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on October 27, 2023 |
Investors can bid for a minimum of 43 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 43 | ₹14,878 |
Retail (Max) | 13 | 559 | ₹193,414 |
S-HNI (Min) | 14 | 602 | ₹208,292 |
S-HNI (Max) | 67 | 2,881 | ₹996,826 |
B-HNI (Min) | 68 | 2,924 | ₹1,011,704 |
Lot Size Calculator |
Akshay Bansarilal Arora, Shiven Akshay Arora and Archana & Akshay Arora are the promoters of the company
Share Holding Pre Issue | 100% |
Share Holding Post Issue | 86% |
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. The company mainly deals in three product categories: (i) contrast media intermediates, (ii) high-intensity sweeteners, and (iii) pharma intermediates and active pharmaceutical ingredients.
The company has three manufacturing facilities, which are situated in Shahad (Unit I), Ambernath (Unit II) and Mahad (Unit III) in the state of Maharashtra, India, with an annual installed capacity of 200.60 KL, 607.30 KL and 213.00 KL, respectively, as of June 30, 2023.
Company's core strength lies in the following
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 |
The market capitalization of Blue Jet Healthcare IPO is Rs 6001.9 Cr.
KPI | Values |
---|---|
ROE | 26.60% |
ROCE | 31.91% |
RoNW | 23.48% |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 9.23 | |
P/E (x) | 37.49 | 34.02 |
[Dilip Davda] BJHL has created a niche place in the global markets for the products manufactured by it and enjoys long term relationship with marquee customers and FMCGs. It is on capacity expansion spree and hopes to improve its performance in coming years. On the basis of annualized FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long-term rewards in this long race horse. Read detail review...
The Blue Jet Healthcare IPO is subscribed 7.95 times on October 27, 2023 7:02:00 PM. The public issue subscribed 2.24 times in the retail category, 13.72 times in the QIB category, and 13.59 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 13.72 |
NII | 13.59 |
bNII (bids above ₹10L) | 15.65 |
sNII (bids below ₹10L) | 9.48 |
Retail | 2.24 |
Total | 7.95 |
Total Application : 393,163 (1.99 times)
Listing Date | November 1, 2023 |
BSE Script Code | 544009 |
NSE Symbol | BLUEJET |
ISIN | INE0KBH01020 |
Final Issue Price | ₹346 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹346.00 |
₹359.90 |
₹359.90 |
₹395.85 |
₹395.85 |
NSE |
---|
₹346.00 |
₹380.00 |
₹378.00 |
₹417.95 |
₹413.40 |
Blue Jet Healthcare Limited
701, 702, 7th Floor, Bhumiraj Costarica
Sector 18, Sanpada
Navi Mumbai, Thane – 400 705
Phone: +91 (22) 4184 0550
Email: companysecretary@bluejethealthcare.com
Website: https://bluejethealthcare.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: bluejet.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Blue Jet Healthcare IPO is a main-board IPO of 24,285,160 equity shares of the face value of ₹2 aggregating up to ₹840.27 Crores. The issue is priced at ₹329 to ₹346 per share. The minimum order quantity is 43 Shares.
The IPO opens on October 25, 2023, and closes on October 27, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Blue Jet Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in Blue Jet Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Blue Jet Healthcare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Blue Jet Healthcare IPO opens on October 25, 2023 and closes on October 27, 2023.
Blue Jet Healthcare IPO lot size is 43 Shares, and the minimum amount required is ₹14,878.
You can apply in Blue Jet Healthcare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Blue Jet Healthcare IPO will be done on Monday, October 30, 2023, and the allotted shares will be credited to your demat account by Tuesday, October 31, 2023. Check the Blue Jet Healthcare IPO allotment status.
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