IPO Details

Bidding Dates

24 Oct '23 - 26 Oct '23

Minimum Investment

₹14,878 / 1 Lots ( 43 Shares )

Price Range

₹329 - ₹346

Maximum Investment

₹193,414 / 13 Lots ( 559 Shares )

Retail Discount

Not Applicable

Issue Size

₹840.27 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Oct 24, 2023

IPO Closing Date

Oct 26, 2023

Basis of Allotment

Oct 31, 2023

Initiation of Refunds

Oct 31, 2023

Credit of Shares to Demat Account

Nov 2, 2023

IPO Listing Date

Nov 5, 2023

UPI Mandate Expiry Date

Oct 26, 2023

Blue Jet Healthcare IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Oct 24, 2023

0.01x 1.38x 0.80x 0.70x

Day 2Oct 25, 2023

0.09x 2.84x 1.38x 1.32x

Day 3Oct 26, 2023

13.72x 13.59x 2.24x 7.95x

Blue Jet Healthcare IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Buyers 13.72
Non-Institutional Investors 13.59
Retail Investors 2.24
Total 7.95

About Blue Jet Healthcare Limited

Incorporated in 1968, Blue Jet Healthcare Limited is a speciality pharmaceutical and healthcare ingredients and intermediates company. The company’s operations are organised into 3 product categories such as contrast media intermediates, high-intensity sweeteners, and pharma intermediates and active pharmaceutical ingredients.

The company operates its business through a contract development and manufacturing organisation (CDMO) business model. The business model is backed with specialised chemistry capabilities in high-intensity sweeteners and contrast media intermediates. This is supported by strategic and early investments in research and development (R&D) and manufacturing infrastructure.

The company believes that the overall contrast media formulations market is forecast to grow at a CAGR of 6-8% during 2023-2025. The growth is expected to be mainly supported by volume. The growth drivers for contrast media primarily include growing population and changing demographics, rising healthcare expenditure, focus on early diagnosis, and increased convenience, etc.

Blue Jet Healthcare Limited IPO Details

Blue Jet Healthcare Limited IPO Date

Blue Jet Healthcare Limited's IPO is a 100% offer for sale (OFS). The OFS comprises 2,42,85,160 shares aggregating up to ₹840.27 Cr. Blue Jet Healthcare Limited’s IPO will be listed on the BSE and NSE on October 27, 2023. It is a book-built issue IPO.

Blue Jet Healthcare Limited IPO Price Band

The price range of the IPO has been fixed at ₹329 to ₹346 per share.

Blue Jet Healthcare Limited IPO Lot Size

The Blue Jet Healthcare Limited IPO lot size is 43 shares, and the minimum investment will be ₹14,878.

Blue Jet Healthcare Limited IPO Objectives 

As the issue is a 100% OFS, meaning the entire issue proceeds will go to the selling shareholder, and Blue Jet will not get any amount from the offer.

Peer Details

As per DRHP, Blue Jet Healthcare Limited has no listed peers.

How To Check the Allotment Status of the Blue Jet Healthcare Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Blue Jet Healthcare Limited

Registered office: 701, 702, 7th Floor, Bhumiraj Costarica, Sector

18, Sanpada, Navi Mumbai, Thane – 400 705, Maharashtra, India

Phone: +91 (22) 6989 1200 

E-mail:Companysecretary@bluejethealthcare.com

Blue Jet Healthcare Ltd. CompanyFinancials

Particulars Period Ending on March 31, 2021 ( ₹ Cr ) Period Ending on June 30, 2023 ( ₹ Cr ) Period Ending on March 31, 2023 ( ₹ Cr ) Period Ending on March 31, 2022 ( ₹ Cr )
Total Income 507.81 184.60 744.94 702.88
Profit After Tax (PAT) 135.79 44.12 160.03 181.59
Assets 536.27 903.80 862.07 713.38

Know before investing

Strengths

2
  1. The company is the largest manufacturer of contrast media intermediates in India. It manufactures contrast media intermediates and supplies a critical starting intermediate and several advanced intermediates primarily to 3 of the largest contrast media manufacturers in the world, including GE Healthcare.

  2. The company holds a notable presence in niche categories with high barriers to entry primarily due to the strict internal standards of contrast media manufacturers for feature and impurity profiles.

Risks

2
  1. The company is highly dependent on Europe (EU) and the United States (US) for a significant portion of its revenue from operations. These are highly regulated markets. Any failure in fulfilling compliances could impact the business growth.

  2. The company is exposed to counterparty credit risk, and any delay in receiving payments or non-receipt of payments may adversely impact its results of operations.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Over-Subscribed7.95 times

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Over-Subscribed7.95 times

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Blue Jet Healthcare IPO FAQs

What is Blue Jet Healthcare Limited’s IPO?

Blue Jet Healthcare Limited’s IPO is a 100% offer for sale (OFS). The OFS comprises 2,42,85,160 shares aggregating up to ₹840.27 Cr. The price range of the IPO has been decided at ₹329 to ₹346 per share.

When will Blue Jet Healthcare Limited’s IPO be allotted?

The Basis of Allotment will be on November 01, 2023.

When will Blue Jet Healthcare Limited’s IPO open for subscription?

The IPO subscription window will open on October 25, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot containing 43 shares.

When will Blue Jet Healthcare Limited list on exchanges?

Blue Jet Healthcare Limited IPO will be listed on BSE and NSE. The date of listing is November 06, 2023.

How do I check the allotment status of the Blue Jet Healthcare Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Blue Jet Healthcare Limited IPO?

Listing gains cannot be ascertained before listing the IPO on the stock exchange.

I have finished the application process for the Blue Jet Healthcare Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Blue Jet Healthcare Limited’s IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Blue Jet Healthcare Limited using one PAN?

You can submit only one application using your PAN card.