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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 ₹346.00 per share . The lot size for an application is 43. The minimum amount of investment required by an retail is ₹14,147 (43 shares). 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 Date | October 25, 2023 to October 27, 2023 |
| Listing Date | November 1, 2023 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹329 to ₹346 per share |
| Issue Price Final | ₹346 per share |
| Lot Size | 43 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 2,42,85,160 shares (aggregating up to ₹840.27 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 17,34,65,425 shares |
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, 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 | Maximum 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%) |
Blue Jet Healthcare IPO raises ₹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 | 72,85,548 |
| 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 | Wed, Oct 25, 2023 |
| IPO Close Date | Fri, Oct 27, 2023 |
| Tentative Allotment | Mon, Oct 30, 2023 |
| Initiation of Refunds | Tue, Oct 31, 2023 |
| Credit of Shares to Demat | Tue, Oct 31, 2023 |
| Tentative Listing Date | Wed, Nov 1, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 27, 2023 |
Investors can bid for a minimum of 43 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| 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 |
| Total Borrowing | |||
| Amount in ₹ Crore | |||
The market capitalization of Blue Jet Healthcare IPO is ₹6001.90 Cr.
[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...
| Listing Date | November 1, 2023 |
| BSE Script Code | 544009 |
| NSE Symbol | BLUEJET |
| ISIN | INE0KBH01020 |
| Final Issue Price | ₹346 per share |
Blue Jet Healthcare Ltd.
701, 702, 7th Floor, Bhumiraj Costarica
Sector 18, Sanpada
Navi Mumbai, Thane – 400 705
Navi Mumbai, Maharashtra
Phone: +91 (22) 4184 0550
Email: companysecretary@bluejethealthcare.com
Website: https://bluejethealthcare.com/
MUFG Intime India Pvt.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 2,42,85,160 equity shares of the face value of ₹2 aggregating up to ₹840.27 Crores. The issue is priced at ₹346 per share. The minimum order quantity is 43.
The IPO opens on October 25, 2023, and closes on October 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 October 25, 2023 and closes on October 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 Tuesday, October 31, 2023. Check the Blue Jet Healthcare IPO allotment status.
The Blue Jet Healthcare IPO listing date is on Wednesday, November 1, 2023.
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