Blue Jet Healthcare Secures Rs 252 Crore From Anchor Investors Before IPO

24 Oct 2023 , 11:00 PM

Blue Jet Healthcare’s IPO, which raised Rs 252.08 crore through an anchor book process on October 23, is scheduled to open on October 25 and close on October 27. The price band for the Blue Jet Healthcare IPO is set at Rs 329 to Rs 346 per equity share, with a face value of Rs 2.

Twenty-two investors participated in the anchor book offering, including prominent names such as ICICI Prudential Funds, HDFC Mutual Fund, Nippon Life India, Aditya Birla Sun Life Insurance, Government Pension Fund Global, HSBC Global Investment Funds, Edelweiss Trusteeship, and BNP Paribas. Of the total allocation to anchor investors, 32,29,687 shares were allocated to five domestic mutual funds through eight schemes.

Blue Jet Healthcare’s public issue, valued at Rs 840.27 crore, consists solely of an offer-for-sale (OFS) portion, involving over 2.4 crore equity shares offered by the promoters, with no fresh issue component. The IPO will conclude on October 27.

Blue Jet Healthcare operates a contract development and manufacturing organization (CDMO) business model, working across three product categories: contrast media intermediates, high-intensity sweeteners, and pharmaceutical intermediates & active pharmaceutical ingredients (APIs).