18-Oct-2023
2 mins read
The IPO date for Blue Jet Healthcare is October 25, 2023 to October 27, 2023. The company aims to use its IPO to raise funds, with plans to offer 24,285,160 equity shares of Rs 2 each. Thanks to approval from the capital markets regulator SEBI, Blue Jet Healthcare Ltd. is now eligible to raise capital through an initial public offering (IPO).
About Blue Jet Healthcare Limited
Established in 1968, Blue Jet Healthcare is a company specializing in pharmaceutical and healthcare ingredients and intermediates. It holds the distinction of being the first manufacturer of saccharin and its derivatives (artificial sweeteners) in India. Over time, the company expanded its operations to include the production of contrast media intermediates, which find application in CT scans and MRIs.
Blue Jet Healthcare is a globally recognized pharmaceutical firm with a strong focus on scientific innovation. Their offerings encompass:
- Expertise in process development and production.
- Comprehensive global regulatory support.
- Collaborative engagement in developing and manufacturing pharmaceutical intermediates and Active Pharmaceutical Ingredients (API).
By September 2022, Blue Jet Healthcare had successfully served more than 350 clients across 35 countries.
The Objectives of Blue Jet Healthcare Limited IPO
The selling shareholders will receive all offer proceeds, with no proceeds going to the company.
Financial Performance of Blue Jet Healthcare Limited IPO (In Crore)
| Period Ended | 30-Jun-23 | 31-Mar-23 | 31-Mar-22 |
| Assets | 903.8 | 862.07 | 713.38 |
| Revenue | 184.6 | 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 |
Key Performance Indicator (KPI)
| KPI | Values |
| P/E (x) | 37.49 |
| Post P/E (x) | 34.02 |
| Market Cap (Rs in crore) | 6001.9 |
| ROE | 26.60% |
| ROCE | 31.91% |
| EPS (Rs) | 9.23 |
| RoNW | 23.48% |
Important Details of Blue Jet Healthcare Limited IPO
| IPO Date | October 25, 2023 to October 27, 2023 |
| Listing Date | 1-Nov-23 |
| Face Value | Rs 2 per share |
| Price Band | Rs 329 to Rs 346 per share |
| Lot Size | 43 Shares |
| Total Issue Size | 24,285,160 shares (aggregating up to Rs 840.27 Cr) |
| Offer for Sale | 24,285,160 shares of Rs 2 (aggregating up to Rs 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 Limited 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 Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 43 | Rs 14,878 |
| Retail (Max) | 13 | 559 | Rs 193,414 |
| S-HNI (Min) | 14 | 602 | Rs 208,292 |
| S-HNI (Max) | 67 | 2,881 | Rs 996,826 |
| B-HNI (Min) | 68 | 2,924 | Rs 1,011,704 |
Blue Jet Healthcare Limited 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% |
Blue Jet Healthcare Limited IPO Lead Manager(s)
The lead managers for Blue Jet Healthcare Limited IPO are Kotak Mahindra Capital Company Limited, ICICI Securities Limited and J.P. Morgan India Private Limited.
How to Apply for Blue Jet Healthcare Limited IPO
Wait for the public issue to open for subscription, then click on this link to apply for Blue Jet Healthcare Limited IPO with Bigul https://ipo.bonanzaonline.com/
How to Check the Allotment Status of Blue Jet Healthcare Limited IPO
The registrar for Blue Jet Healthcare Limited IPO is Link Intime India Private Ltd. To check your allotment status, please click on this link https://linkintime.co.in/
FAQs
- What is Blue Jet Healthcare Limited’s IPO?
Blue Jet Healthcare Limited IPO is a public offering where the company is selling its shares to the general public to get listed on stock exchanges.
- When is the IPO Date?
The specific IPO date is October 25, 2023 to October 27, 2023.
- What will be the listing date of Blue Jet Healthcare Limited on the stock exchange?
The listing date has been announced as November 1, 2023.
- What is the face value of the Blue Jet Healthcare Limited share?
The face value of each share is Rs 2.
- How many shares are being offered in this IPO?
The company is offering a total of 24,285,160 shares.
- Where will Blue Jet Healthcare Limited be listed?
The shares will be listed on both BSE and NSE.
- What is the price of each share in the IPO?
The share price for the IPO has been declared as Rs 329 to Rs 346 per share.
- Who are the promoters of Blue Jet Healthcare Limited?
Akshay Bansarilal Arora, Shiven Akshay Arora and Archana & Akshay Arora are the promoters of the company.
- Who are the lead managers for the IPO?
The lead managers are Kotak Mahindra Capital Company Limited, ICICI Securities Limited and J.P. Morgan India Private Limited.
- How can I apply for the Blue Jet Healthcare Limited IPO?
Once the public issue is open, you can apply for the IPO through this link: Blue Jet Healthcare Limited IPO on Bigul.
- How can I check my allotment status for the IPO?
The registrar for the IPO is Link Intime India Private Ltd. To check the allotment status, visit Link Intime.
- What is the significance of the reservations mentioned (QIB, Retail Shares, NII)?
These reservations signify the portion of the IPO allocated to different types of investors. For instance, QIBs (Qualified Institutional Buyers) will be offered no more than 50% of the Net Issue, retail investors will be offered not less than 35%, and Non-Institutional Investors (HNIs) will be offered not less than 15%.
- What is the primary objective of the Blue Jet Healthcare Limited IPO?
The company will not receive any proceeds from the offer – all proceeds will go to the selling shareholders.
- What has been the financial performance of Blue Jet Healthcare Limited in the recent past?
Financial highlights include growth in total assets, total revenue, profit after tax, net worth, and reserves and surplus in the years 2022 to 2023, as provided in the provided data. Blue Jet Healthcare Limited’s revenue rose 5.98%, but PAT fell 11.88% between FY22 and FY23.