Last day to subscribe Blue Jet Healthcare IPO; Check live subscription here

27 Oct 2023 , 12:39 PM

The Blue Jet Healthcare IPO, which opened for subscription on October 25, is set to close today, October 27. The response from investors has been notably positive. By the end of day 2, the IPO was oversubscribed by 1.32 times. Click here to subscribe the IPO.

As of day 3 at 12:40 PM, the subscription rate reached 2.11 times. The retail segment received bids for 1.67 times the shares available, while non-institutional investors showed strong interest with a subscription rate of 5.01 times. Qualified Institutional Buyers (QIBs) subscribed at a rate of 0.71 times.

The IPO’s price band is fixed between Rs 329 and Rs 346 per equity share. Blue Jet Healthcare has allocated shares in the offering as follows: not more than 50% for Qualified Institutional Buyers (QIB), not less than 15% for Non-Institutional Investors (NII), and not less than 35% for Retail Investors.

The book running lead managers for the Blue Jet Healthcare IPO include Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and J.P. Morgan India Private Limited. The registrar for the offering is Link Intime India Private Ltd.