Blue Jet Healthcare IPO Price: ₹329 to ₹346 per share
IPO Date Range: Oct 25, 2023 - Oct 27, 2023
Established in 1968, Blue Jet Healthcare operates as a pharmaceutical and healthcare ingredient and intermediate company. Blue Jet Healthcare holds the distinction of being India's pioneering manufacturer of saccharin and its salts, artificial sweeteners. The company subsequently broadened its scope to include contrast media intermediates, essential components utilized in CT scans and MRIs.
The company's product lineup is specialized for innovator pharmaceutical companies and multinational generic pharmaceutical companies, catering to niche needs. Their operations are mainly structured around three key product categories:
As of June 30, 2023, the company operates three manufacturing facilities located in Shahad (Unit I), Ambernath (Unit II), and Mahad (Unit III) within the state of Maharashtra, India. These facilities boast respective annual installed capacities of 200.60 KL, 607.30 KL, and 213.00 KL.
The company's primary strengths include:
| IPO Date | October 25, 2023 to October 27, 2023 |
| Listing Date | Tuesday, November 6, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹329 to ₹346 per share |
| Lot Size | 43 Shares |
| Total Issue Size | 24,285,160 shares (aggregating up to ₹840.27 Cr) |
| Offer For Sale | 24,285,160 shares (aggregating up to ₹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 |
The minimum lot size to apply in this Blue Jet Healthcare Limited IPO consists of 43 shares, requiring an investment of ₹14,878.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 43 | ₹14,878 |
| Retail (Max) | 13 | 559 | ₹193,414 |
| S-HNI (Min) | 14 | 602 | ₹208,292 |
| S-HNI (Max) | 67 | 2,881 | ₹996,826 |
| B-HNI (Min) | 68 | 2,924 | ₹1,011,704 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| IPO Open Date | Wednesday, October 25, 2023 |
| IPO Close Date | Friday, October 27, 2023 |
| Basis of Allotment | Wednesday, November 1, 2023 |
| Initiation of Refunds | Wednesday, November 1, 2023 |
| Credit of Shares to Demat | Friday, November 3, 2023 |
| Listing Date | Monday, November 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 27, 2023 |
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Blue Jet Healthcare Limited experienced an increase of 5.98% in their revenue while witnessing an 11.88% Decrease in Profit after Tax (PAT) between the financial ending on 31 March 2023 and 31 March 2022.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 June 2023 |
|---|---|---|---|---|
| Assets | 536.27 | 713.38 | 862.07 | 903.80 |
| Revenue | 507.81 | 702.88 | 744.94 | 184.60 |
| Profit After Tax | 135.79 | 181.59 | 160.03 | 44.12 |
| Net Worth | 339.82 | 521.54 | 681.49 | 725.68 |
The market capitalization of Blue Jet Healthcare Limited IPO stands at Rs 6001.9 Crore, with a P/E ratio of 37.49.
| KPI | Values |
|---|---|
| P/E (x) | 37.49 |
| Market Cap (Rs Cr) | 6001.9 |
| ROE | 26.60% |
| ROCE | 31.91% |
| EPS (Rs) | 9.23 |
| RoNW | 23.48% |
Blue Jet Healthcare will not be entitled to any proceeds from the Offer, as all the Offer Proceeds will be received by the Selling Shareholders. These proceeds will be distributed in proportion to the number of Offered Shares sold by each respective Selling Shareholder as part of the Offer.
Prospectus: Official documents that provide detailed information about the IPO and the company. Blue Jet Healthcare IPO DRHP and Blue Jet Healthcare IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Blue Jet Healthcare Limited" IPO is ₹ 329 to ₹346 per share.
The "Blue Jet Healthcare Limited" IPO is expected to be listed on Monday, 6 November 2023.
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