Bookbuilding IPO | ₹840 Cr | Listed at BSE, NSE | Wed, Oct 25, 2023 - Fri, Oct 27, 2023
Blue Jet Healthcare IPO is a book build issue of ₹840.27 crores. The issue is entirely an offer for sale of 2.43 crore shares of ₹840.27 crore.
Blue Jet Healthcare IPO bidding started from Oct 25, 2023 and ended on Oct 27, 2023. The allotment for Blue Jet Healthcare IPO was finalized on Oct 30, 2023. The shares got listed on BSE, NSE on Nov 1, 2023.
Blue Jet Healthcare IPO price band is set at ₹346 per share. The lot size for an application is 43. The minimum amount of investment required by an retail is ₹14,878 (43 shares) (based on upper price). The lot size investment for sNII is 14 lots (602 shares), amounting to ₹2,08,292, and for bNII, it is 68 lots (2,924 shares), amounting to ₹10,11,704.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Blue Jet Healthcare IPO RHP for detailed Information.
IPO Open
Wed, Oct 25, 2023
IPO Close
Fri, Oct 27, 2023
Issue Price
₹346 per share
Market Cap (Pre-IPO)
₹6,001.90 Cr
| IPO Date | 25 to 27 Oct, 2023 |
| Listed on | Wed, Nov 1, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹329 to ₹346 |
| Issue Price | ₹346 per share |
| Lot Size | 43 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,42,85,160 shares (agg. up to ₹840 Cr) |
| Offer for Sale | 2,42,85,160 shares of ₹2 (agg. up to ₹840 Cr) |
| Share Holding Post Issue | 17,34,65,425 shares |
| BSE Script Code / NSE Symbol | 544009 / BLUEJET |
| ISIN | INE0KBH01020 |
Blue Jet Healthcare IPO offers total 2,42,85,160 shares. Out of which 1,21,42,580 (50.00%) allocated to QIB, 48,57,032 (20.00%) allocated to QIB (Ex- Anchor), 36,42,774 (15.00%) allocated to NII 84,99,806 (35.00%) allocated to RII and 72,85,548 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,21,42,580 (50.00%) | NA |
| − Anchor Investor Shares Offered | 72,85,548 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 48,57,032 (20.00%) | NA |
| NII (HNI) Shares Offered | 36,42,774 (15.00%) | NA |
| − bNII > ₹10L | 24,28,516 (10.00%) | 4,034 |
| − sNII < ₹10L | 12,14,258 (5.00%) | 2,017 |
| Retail Shares Offered | 84,99,806 (35.00%) | 1,97,669 |
| Total Shares Offered | 2,42,85,160 (100.00%) |
Investors can bid for a minimum of 43 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 43 | ₹14,878 |
| Retail (Max) | 13 | 559 | ₹1,93,414 |
| S-HNI (Min) | 14 | 602 | ₹2,08,292 |
| S-HNI (Max) | 67 | 2,881 | ₹9,96,826 |
| B-HNI (Min) | 68 | 2,924 | ₹10,11,704 |
Blue Jet Healthcare IPO raises ₹252.08 crore from anchor investors. Blue Jet Healthcare IPO Anchor bid date is October 23, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Oct 23, 2023 |
| Shares Offered | 72,85,548 |
| Anchor Portion (₹ Cr.) | 252.08 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Nov 29, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jan 28, 2024 |
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
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 903.80 | 862.07 | 713.38 |
| Total Income | 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 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 26.60% |
| ROCE | 31.91% |
| RoNW | 23.48% |
| PAT Margin | 22.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.23 | |
| P/E (x) | 37.49 | 34.02 |
| Promoter Holding | 100% | 86% |
| Market Cap | ₹6,001.90 Cr. |
The Blue Jet Healthcare IPO is subscribed 7.95 times on October 27, 2023 7:02:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 13.72 | 48,57,032 | 6,66,51,247 |
| NII | 13.59 | 36,42,774 | 4,95,14,113 |
| bNII (bids above ₹10L) | 15.65 | 24,28,516 | 3,80,08,044 |
| sNII (bids below ₹10L) | 9.48 | 12,14,258 | 1,15,06,069 |
| Retail | 2.24 | 84,99,806 | 1,90,18,900 |
| Total | 7.95 | 1,69,99,612 | 13,51,84,260 |
Total Application : 3,93,163
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers fees and commissions (including any underwriting commission, brokerage and selling commission) | 22.70 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs(2)(3) | 5.13 |
| 3 | Fees payable to Registrar to the Offer | 1.40 |
| 4 | Fees payable to other advisors i.e P. G. Joshi & Co Chartered Accountants (Independent Chartered Accountant) and Kush Gupta & Co (Practicing Company Secretary) | 0.43 |
| 5 | Regulatory filing fees, book building software fees, listing fees etc | 4.16 |
| 6 | printing and stationery | 1.79 |
| 7 | fee payable to legal counsels | 10.81 |
| 8 | advertising and marketing expenses | 3.14 |
| 9 | Fees payable to Statutory Auditors, namely KKC & Associates LLP | 1.20 |
| 10 | Miscellaneous | 3.66 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹346.00 | ₹346.00 |
| Open | ₹359.90 | ₹380.00 |
| Low | ₹359.90 | ₹378.00 |
| High | ₹395.85 | ₹417.95 |
| Last Trade | ₹395.85 | ₹413.40 |
Blue Jet Healthcare IPO is a main-board IPO of 2,42,85,160 equity shares of the face value of ₹2 aggregating up to ₹840 Crores. The issue is priced at ₹346 per share. The minimum order quantity is 43.
The IPO opens on Wed, Oct 25, 2023, and closes on Fri, Oct 27, 2023.
MUFG Intime India Pvt.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 Wed, Oct 25, 2023 and closes on Fri, Oct 27, 2023.
Blue Jet Healthcare IPO lot size is 43, and the minimum amount required for application is ₹14,878.
You can apply in Blue Jet Healthcare IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Tue, Oct 31, 2023. Check the Blue Jet Healthcare IPO allotment status.
The Blue Jet Healthcare IPO listing date is on Wed, Nov 1, 2023.
