Last updated on November 2, 2023
Blue Jet Healthcare IPO description – Incorporated in 1968, Blue Jet Healthcare is a specialty pharmaceutical and healthcare ingredient and intermediate company. It has established a contract development and manufacturing organization (CDMO) business model with specialized chemistry capabilities in contrast media intermediates and high-intensity sweeteners, on the back of strategic and early investments in research and development (R&D) and manufacturing infrastructure.
As of 30 June 2023, the company has catered to more than 400 customers in 39 countries. Blue Jet Healthcare operations are primarily organized in three product categories:
- Contrast Media Intermediates
- High-intensity Sweeteners
- Pharma Intermediates, and Active Pharmaceutical Ingredients (APIs)
Blue Jet currently operates three manufacturing facilities, which are located in Shahad, Ambernath, and Mahad 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 30 June 2023.
Promoters of Blue Jet Healthcare – Akshay Bansarilal Arora, Shiven Akshay Arora, and Archana Akshay Arora
Blue Jet Healthcare IPO Details
| Blue Jet Healthcare IPO Dates | 25 – 27 October 2023 |
| Blue Jet Healthcare IPO Price | INR 329 – 346 per share |
| Fresh issue | Nil |
| Offer For Sale | 24,285,160 shares (INR 798.98 – 840.27 crore) |
| Total IPO size | 24,285,160 shares (INR 798.98 – 840.27 crore) |
| Minimum bid (lot size) | 43 shares (INR 14,878) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Blue Jet Healthcare Financial Performance
| Â | FY 2021 | FY 2022* | FY 2023* | Q1 FY 2024* |
| Revenue | 498.93 | 683.47 | 720.98 | 179.54 |
| Expenses | 317.85 | 459.65 | 528.33 | 126.68 |
| Net income | 135.78 | 181.72 | 159.94 | 44.19 |
| Margin (%) | 27.21 | 26.59 | 22.18 | 24.61 |
* All Standalone Data
Blue Jet Healthcare Offer News
- Blue Jet Healthcare RHP
- Blue Jet Healthcare Draft Prospectus
- Blue Jet IPO: All You Need to Know in 10 Points
- Upcoming IPOs in October 2023
- ASBA IPO Forms
- Live IPO Subscription Status
Blue Jet Healthcare Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 7.98 | 10.47 | 9.23 |
| PE ratio | – | – | 35.64 – 37.49 |
| RONW (%) | 39.96 | 34.82 | 23.48 |
| NAV | 19.59 | 30.07 | 39.29 |
| ROCE (%) | 49.70 | 47.13 | 31.91 |
| EBITDA (%) | 41.30 | 36.47 | 30.39 |
| Debt/Equity | 0.16 | 0.00 | 0.00 |
Blue Jet Healthcare IPO GMP Today
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 31 October 2023 | 21 | 450 | 400 |
| 30 October 2023 | 20 | 450 | 400 |
| 28 October 2023 | 20 | 600 | 400 |
| 27 October 2023 | 25 | 600 | 400 |
| 26 October 2023 | 45 | 1,000 | 600 |
| 25 October 2023 | 70 | – | – |
| 23 October 2023 | 95 | – | – |
| 20 October 2023 | 100 | – | – |
Blue Jet Healthcare IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 48,57,032 | 36,42,774 | 84,99,806 | 1,69,99,612 |
| 27 Oct 2023 | 13.72 | 13.59 | 2.22 | 7.94 |
| 26 Oct 2023 | 0.09 | 2.84 | 1.37 | 1.32 |
| 25 Oct 2023 | 0.01 | 1.37 | 0.78 | 0.69 |
Blue Jet Healthcare IPO Reviews – Subscribe or Avoid?
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SMC Global – 2/5
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Ventura Securities – Not rated
Blue Jet Healthcare IPO Allotment Status
Blue Jet Healthcare IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Meanwhile, bank debits and lien removal has started. Please check bank balance to know allotment status.
Blue Jet Healthcare IPO Dates & Listing Performance
| IPO Opening Date | 25 October 2023 |
| IPO Closing Date | 27 October 2023 |
| Finalisation of Basis of Allotment | 30 October 2023 |
| Initiation of refunds | 30 October 2023 |
| Transfer of shares to demat accounts | 1 November 2023 |
| Blue Jet Healthcare IPO Listing Date | 1 November 2023 |
| Opening Price on NSE | INR 380 per share (up 9.83%) |
| Closing Price on NSE | INR 413.40 per share (up 19.48%) |
Blue Jet Healthcare Offer Lead Manager
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
27BKC, 1st Floor, Plot no. C-27,
‘G’ Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051
Phone: +91 22 4336 0000
Email:Â [email protected]
Website: www.investmentbank.kotak.com
Blue Jet Healthcare Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West Mumbai – 400 083, Maharashtra
Telephone: +91 (22) 4918 6200
Email: [email protected]
Website:Â www.linkintime.co.in
Blue Jet Healthcare Contact Details
BLUE JET HEALTHCARE LIMITED
701, 702, 7th Floor, Bhumiraj Costarica, Sector 18,
Sanpada, Navi Mumbai, Thane – 400 705, Maharashtra
Phone: +91 (22) 4184 0550
E-mail: [email protected]
Website: www.bluejethealthcare.com
Blue Jet Healthcare IPO FAQs
How many shares in Blue Jet Healthcare IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Blue Jet Healthcare Public Offer?
The best way to apply in Blue Jet Healthcare public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Blue Jet Healthcare IPO GMP today?
Blue Jet Healthcare IPO GMP today is INR 21 per share.
What is the Blue Jet Healthcare kostak rate today?
Blue Jet Healthcare kostak rate today is INR 450 per application.
What is Blue Jet Healthcare Subject to Sauda rate today?
Blue Jet Healthcare Subject to Sauda rate today is INR 400 per application.
