Blue Jet Healthcare Limited IPO (Blue Jet Healthcare IPO) Detail
By Dilip Suthar
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 opens for subscription on October 25, 2023 and closes on October 27, 2023. The allotment for the Blue Jet Healthcare IPO is expected to be finalized on Wednesday, November 1, 2023. Blue Jet Healthcare IPO will list on BSE, NSE with tentative listing date fixed as Monday, November 6, 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.
Blue Jet Healthcare IPO Details
| IPO Date | October 25, 2023 to October 27, 2023 |
| Listing Date | [.] |
| 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 pre issue | 173,465,425 |
| Share holding post issue | 173,465,425 |
Blue Jet Healthcare IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Blue Jet Healthcare IPO Anchor Investors Details
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) | December 15, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 11, 2024 |
Blue Jet Healthcare IPO Timeline (Tentative Schedule)
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 | Wednesday, November 1, 2023 |
| Initiation of Refunds | Wednesday, November 1, 2023 |
| Credit of Shares to Demat | Friday, November 3, 2023 |
| Listing Date | Monday, November 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 27, 2023 |
Blue Jet Healthcare IPO Lot Size
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 | |||
Blue Jet Healthcare IPO Promoter Holding
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% |
About Blue Jet Healthcare Limited
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.
- Process development and production capabilities
- Global regulatory support
- Collaboration, development, and manufacturing of advanced pharmaceutical intermediates and API.
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
- Huge manufacturing capacity of contrast media intermediates in India.
- The company operates in a niche market that has high entry barriers.
- Long-term relationships and long term contracts with multi-national customers.
Blue Jet Healthcare Limited Financial Information (Restated)
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 | 31 Mar 2021 |
| Assets | 903.80 | 862.07 | 713.38 | 536.27 |
| Revenue | 184.60 | 744.94 | 702.88 | 507.81 |
| Profit After Tax | 44.12 | 160.03 | 181.59 | 135.79 |
| Net Worth | 725.68 | 681.49 | 521.54 | 339.82 |
| Reserves and Surplus | ||||
| Total Borrowing | ||||
| Amount in ₹ Crore | ||||
Key Performance Indicator
Blue Jet Healthcare IPO Market Cap is Rs 6001.9 Cr and P/E (x) is 37.49.
| KPI | Values |
|---|---|
| P/E (x) | 37.49 |
| Post P/E (x) | 34.02 |
| Market Cap (₹ Cr.) | 6001.9 |
| ROE | 26.60% |
| ROCE | 31.91% |
| EPS (Rs) | 9.23 |
| RoNW | 23.48% |
Objects of the Issue (Blue Jet Healthcare IPO Objectives)
Blue Jet Healthcare IPO Prospectus
- › Blue Jet Healthcare IPO DRHP
- › Blue Jet Healthcare IPO RHP
- › Anchor Investors in Blue Jet Healthcare IPO
Blue Jet Healthcare Limited Contact Details
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/
Blue Jet Healthcare IPO - Buy or Not
Blue Jet Healthcare IPO Rating
Blue Jet Healthcare IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: bluejet.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Blue Jet Healthcare IPO FAQs
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 the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the 'Blue Jet Healthcare IPO' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
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 Wednesday, November 1, 2023, and the allotted shares will be credited to your demat account by Friday, November 3, 2023. Check the Blue Jet Healthcare IPO allotment status.
Follow DS Trading Tech for the Share Market Update, Stocks News, upcoming IPO, Business Ideas, Financial Knowledge, Mutual Funds, Other Advertising, news and their reviews, also keep following us on Twitter, Facebook, and Instagram. For our latest videos, subscribe to our YouTube channel.
By DS Trading Tech
👉Connect With us-
👉E-mail : rjdilipsuthar@gmail.com
👉FACEBOOK : https://www.facebook.com/DsTradingTech
👉INSTAGRAM: https://www.instagram.com/DsTradingtech
👉YouTube: 
/ @dstradingtech
Click Here
EMS IPO Youtube Video Link - https://youtu.be/Ja-0oMsR_9I
Moneycontrol.com
.png){kind=small}
