Blue Jet Healthcare IPO Details ( Blue Jet Healthcare Limited IPO Review )
(25 Oct 2023 – 27 Oct 2023)
Blue Jet Healthcare, founded in 1968, is a company that specializes in pharmaceutical and healthcare ingredients. It was the first company in India to produce saccharin and artificial sweeteners. Over time, they expanded into making contrast media intermediates used in CT scans and MRIs.
The company primarily focuses on three product categories: contrast media intermediates, high-intensity sweeteners, and pharmaceutical intermediates and active pharmaceutical ingredients.
Blue Jet Healthcare is a global pharmaceutical company driven by science. They offer services such as process development and production, global regulatory support, and collaboration in the development and manufacturing of advanced pharmaceutical intermediates and API.
The company operates three manufacturing facilities located in Shahad (Unit I), Ambernath (Unit II), and Mahad (Unit III) in the state of Maharashtra, India. As of June 30, 2023, their annual production capacities are 200.60 KL, 607.30 KL, and 213.00 KL, respectively.
Blue Jet Healthcare Limited Company Product
- Contrast Media Intermediates
- High-intensity Sweeteners
- Pharma Intermediates and APIs
Blue Jet Healthcare Limited IPO Competitive Strength
- Large manufacturer of contrast media intermediates in India
- Presence in niche categories with high barriers to entry
- Long-standing relationships and multi-year contracts with multi-national customers
- Strong product development and process optimization capabilities with a focus on sustainability
- Manufacturing facilities with regulatory accreditations
- Experienced management team with proven execution capabilities
Blue Jet Healthcare IPO Financials Performance ( Results )
Blue Jet Healthcare Limited Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 536.27 | 507.81 | 135.79 | 9.23 | 339.82 | |||
| 31-Mar-22 | 713.38 | 702.88 | 181.59 | 10.47 | 521.54 | 30.07 | ||
| 31-Mar-23 | 862.07 | 744.94 | 160.03 | 7.98 | 681.49 | 39.29 | ||
| 30-Jun-23 | 903.80 | 184.60 | 44.12 | 2.54 | 725.68 | 41.83 |
Objective of Blue Jet Healthcare IPO Issue
The company won’t get any money from the Offer. Instead, all the money from the Offer will go to the Selling Shareholders, and each Selling Shareholder will receive a portion of the proceeds based on the number of Offered Shares they sold as part of the Offer.
Blue Jet Healthcare IPO Basic Details
| Blue Jet Healthcare IPO Date | Oct 25, 2023 to Oct 27, 2023 |
| Listing Date | Monday, November 6, 2023 |
| Face Value | ₹2 per share |
| Price | ₹329 to ₹346 per share |
| Lot Size | 43 Shares |
| Issue Size | 24,285,160 shares of ₹2 (aggregating up to ₹840.27 Cr) |
| Offer for Sale | 24,285,160 shares of ₹2 (aggregating up to ₹840.27 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 173,465,425 |
| Share holding post issue | 173,465,425 |
| Company Promoters | Akshay Bansarilal Arora, Shiven Akshay Arora and Archana & Akshay Arora |
Blue Jet Healthcare IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Blue Jet IPO Timetable
Blue Jet IPO will open on October 25, 2023 and close on October 27, 2023. You can join Blue Jet IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 25 October 2023 (Wednesday) |
| Closing Date | 27 October 2023 (Friday) |
| Basis of Allotment | 1 November 2023 (Wednesday) |
| Initiation of Refunds | 1 November 2023 (Wednesday) |
| Credit of Shares to Demat | 3 November 2023 (Friday) |
| Listing Date | 6 November 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 27 October 2023 |
Blue Jet IPO Lot Size
For retail investors in Blue Jet IPO, 43 shares will come in 1 lot or the minimum investment will be ₹14,878. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹193,414.
| 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 |
Blue Jet Healthcare IPO Promoter Holding
The company’s promoters include Akshay Bansarilal Arora, Shiven Akshay Arora and Archana & Akshay Arora.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 86% |
Blue Jet Healthcare Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 6001.9 |
| Earning Per Share (EPS) | ₹9.23 per Equity Share |
| Net Asset Value (NAV) | ₹39.29 per Equity Share |
| P/E Ratio (P/E) (x) | 37.49 |
| Post P/E Ratio (P/E) (x) | 34.02 |
| Return on Net Worth (RoNW) (%) | 23.48 |
| Return on equity (ROE) (%) | 26.60 |
| Return on Capital Employed (ROCE) (%) | 31.91 |
| Debt/Equity Ratio | Coming Soon |
Blue Jet Healthcare Ltd Peer Comparison
There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company.
Blue Jet Healthcare IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 27 October 2023 | ₹10 | – | – |
| 26 October 2023 | ₹10 | – | – |
| 25 October 2023 | ₹65 | – | – |
| 24 October 2023 | ₹65 | – | – |
Blue Jet Healthcare IPO Detail Video:
Blue Jet Healthcare IPO Subscription Status (Bidding Detail)
The Blue Jet Healthcare IPO on October 27, 2023 at 7:30:00 PM was subscribed 7.95 times, with the retail category being subscribed 2.24 times, the NII (Non-Institutional Investor) category being subscribed 13.59 times, QIB (Qualified-Institutional Buyers) category being subscribed 13.72 times.
| Category | Subscription |
| QIB | 13.72x |
| NII | 13.59x |
| Retail | 2.24x |
| Total | 7.95x |
Blue Jet Healthcare IPO Prospectus
| Blue Jet Healthcare IPO DRHP | Download |
| Blue Jet Healthcare IPO RHP | Download |
| Blue Jet Healthcare IPO Anchor Investors Details PDF | Download |
Blue Jet Healthcare IPO Rating
| Our Rating | 3.0/5.0 |
Blue Jet Healthcare Company Contact Information
Blue Jet Healthcare Limited
Registered and Corporate Office: 701, 702, 7th Floor, Bhumiraj Costarica, Sector 18, Sanpada, Navi Mumbai, Thane – 400 705, Maharashtra, India
Telephone: +91 (22) 6989 1200
Contact Person: Sweta Poddar, Company Secretary and Compliance Officer
Telephone: +91 (22) 6989 1200
E-mail: companysecretary@bluejethealthcare.com
Website: www.bluejethealthcare.com
Corporate Identity Number: U99999MH1968PLC014154
Promoters: Akshay Bansarilal Arora, Shiven Akshay Arora and Archana Akshay Arora
Blue Jet Healthcare IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli (West), Mumbai 400 083, Maharashtra
Telephone: +91 (22) 4918 6200
E-mail: bluejet.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: bluejet.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Blue Jet Healthcare IPO Lead Manager
Kotak Mahindra Capital Company Limited
Registered Office: 27 BKC, 1st Floor, Plot No. C – 27 “G” Block, Bandra Kurla Complex
Bandra (East), Mumbai 400051, Maharashtra, India.
Telephone: +91 (22) 4336 0000
Email: bluejet.ipo@kotak.com
Website: https://investmentbank.kotak.com
Investor Grievance ID: kmccredressal@kotak.com
Contact Person: Ganesh Rane
SEBI Registration No.: INM000008704
ICICI Securities Limited
Registered Office: ICICI Venture House, Appasaheb Marathe Marg,
Prabhadevi, Mumbai – 400025 Maharashtra, India
Telephone: +91 (22) 6807 7100
E-mail: bluejet.ipo@icicisecurities.com
Website: www.icicisecurities.com
Investor Grievance ID: customercare@icicisecurities.com
Contact person: Gaurav Mittal / Ashik Joisar
SEBI Registration No.: INM000011179
J.P. Morgan India Private Limited
Registered Office: J.P. Morgan Tower, Off C.S.T. Road Kalina,
Santacruz (East), Mumbai 400 098, Maharashtra, India
Telephone: +91 (22) 6157 3000
Email: bluejet_IPO@jpmorgan.com
Website: www.jpmipl.com
Investor Grievance ID: investorsmb.jpmipl@jpmorgan.com
Contact person: Nidhi Wangnoo/Aanchal Mittal
SEBI Registration No.: INM000002970
Blue Jet Healthcare IPO FAQs
What is the lot size of Blue Jet Healthcare IPO?
The total size of Blue Jet Healthcare IPO is ₹840.27 crores and this is a complete offer for sale (OFS) Issue.
When will Blue Jet Healthcare IPO start?
Blue Jet Healthcare IPO will open from 25 October 2023 and IPO will close on 27 October 2023.
What is the open date of Blue Jet Healthcare IPO?
Blue Jet Healthcare IPO will open date from 25 October 2023.
What is the last date ( close date ) of Blue Jet Healthcare IPO?
Blue Jet Healthcare IPO will close from 27 October 2023.
What is the price band of Blue Jet Healthcare IPO?
Blue Jet Healthcare IPO price band is ₹329 to ₹346. ( Upper Price Band: ₹346, Lower Price Band: ₹329 )
What is the minimum amount required to apply for Blue Jet Healthcare IPO?
The minimum investment for retailers to apply for Blue Jet Healthcare IPO is ₹14,878 and the maximum investment is ₹193,414.
What is going on gray market premium of Blue Jet Healthcare IPO?
View gray market premium of Blue Jet Healthcare IPO by Clicking Here
How much is the GMP of Blue Jet Healthcare IPO?
Watch Blue Jet Healthcare IPO GMP Today: Click Here
What is the allotment date of Blue Jet Healthcare IPO?
The allotment date of Blue Jet Healthcare IPO is 1 November 2023.
How to check allotment status in Blue Jet Healthcare IPO?
To check the allotment status of Blue Jet Healthcare IPO, first of all go to the registrar website by clicking here, select your bad Blue Jet Healthcare IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Blue Jet Healthcare IPO?
The listing date of Blue Jet Healthcare IPO is 6 November 2023.
How much will be the listing gain in Blue Jet Healthcare IPO?
View listing gain of Blue Jet Healthcare IPO by Clicking Here
How much time Blue Jet Healthcare IPO is subscribed?
Total 7.95 times subscribed in Blue Jet Healthcare IPO out of which 2.24 times subscription was done in retail quota, 13.59 times subscription in NII quota and 13.72 times subscription in QIB quota.
How to apply for Blue Jet Healthcare IPO from Upstox?
Click Here to see how to apply for Blue Jet Healthcare IPO from Upstox. (step by step)
How to apply for Blue Jet Healthcare IPO from Zerodha?
Click Here to see how to apply for Blue Jet Healthcare IPO from Zerodha. (step by step)
How to apply for Blue Jet Healthcare IPO from Angle One?
Click Here to see how to apply for Blue Jet Healthcare IPO from Angle One. (step by step)
