iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Blue Jet Healthcare IPO to Open on October 25, Price Band Set at Rs 329-346

19 Oct 2023 , 01:49 PM

Blue Jet Healthcare, a specialty pharmaceutical and healthcare ingredients developer, is planning to launch its initial public offering (IPO) with the following details:

  • Price Band: The price band for the IPO has been set at Rs 329 to Rs 346 per share.
  • Subscription Dates: The IPO subscription will open for investors on October 25 and close on October 27, 2023.
  • Anchor Book Bidding: The anchor book bidding will take place for a day on October 23, 2023.
  • Basis of Allotment: The basis of allotment will be finalized on Wednesday, November 1, 2023.
  • Initiation of Refunds: Refunds, if applicable, will also commence on Wednesday, November 1, 2023.
  • Credit of Shares to Demat: Shares are expected to be credited to investors’ Demat accounts by Friday, November 3, 2023.
  • Listing Date: The company’s shares are scheduled to be listed on the stock exchange on Monday, November 6, 2023.

It’s important to note that the Blue Jet Healthcare IPO consists only of an offer-for-sale (OFS) component, with over 2.4 crore equity shares being offered by promoters. There is no fresh issue portion, which means that the entire proceeds from the IPO will go to the selling shareholders, specifically the Arora family, and the company will not raise any capital from the offering.

Investors can bid for a minimum of 43 equity shares and in multiples of 43 shares thereafter. Retail investors will have a minimum application size of Rs 14,878 (for 43 shares) and a maximum investment limit of Rs 1,93,414 (for 559 shares) as they cannot exceed an investment limit of Rs 2 lakh in the IPO.

Blue Jet Healthcare operates in three product categories: contrast media intermediates, high-intensity sweeteners, and pharma intermediates and active pharmaceutical ingredients (APIs). It has specialized chemistry capabilities in contrast media intermediates and high-intensity sweeteners and caters to various customers, including GE Healthcare AS, Guerbet Group, Bracco Imaging SpA, Colgate-Palmolive (India), Unilever, Prinova US LLC, and MMAG Company.

In terms of revenue distribution, the European region contributed the most to its revenue from operations at 74.5% in FY23, followed by India at 14% and the USA at nearly 5%. The company reported a 5.5% YoY growth in revenue from operations in FY23, reaching Rs 721 crore. However, the net profit was down by 11.87% YoY to Rs 160 crore during the last fiscal year. In the quarter ending June FY24, the profit increased by 58.4% over the corresponding period last fiscal, and revenue from operations rose by 24.2% to Rs 179.5 crore in the same period.

The book running lead managers for the IPO are Kotak Mahindra Capital Company, ICICI Securities, and JP Morgan India.

Blue Jet Healthcare

Related Tags

  • Blue Jet Healthcare IPO
  • Blue Jet Healthcare IPO allotment
  • Blue Jet Healthcare IPO closing date
  • Blue Jet Healthcare IPO details
  • Blue Jet Healthcare IPO listing
  • Blue Jet Healthcare IPO opening date
  • Blue Jet Healthcare IPO price band
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.