Incorporated in 1968, Blue Jet Healthcare is a pharmaceutical and healthcare ingredient and an intermediate company. Blue Jet Healthcare was the first manufacturer of saccharin and its salts (artificial sweeteners) in India.They later expanded into contrast media intermediates, which are used in CT scans and MRIs. The company mainly deals in three product categories: (i) contrast media intermediates, (ii) high-intensity sweeteners, and (iii) pharma intermediates and active pharmaceutical ingredients.
Blue Jet Healthcare is a global, science-led pharmaceutical company. They are the provider of:
The company has three manufacturing facilities, which are situated in Shahad (Unit I), Ambernath (Unit II) and Mahad (Unit III) in the state of Maharashtra, India, with an annual installed capacity of 200.60 KL, 607.30 KL and 213.00 KL, respectively, as of June 30, 2023.
The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
| IPO Opening Date | October 25, 2023 |
|---|---|
| IPO Closing Date | October 27, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per share |
| IPO Price | ₹480 to ₹505 per share |
| Market Lot | 43 Shares |
| Min Order Quantity | 43 Shares |
| Listing At | BSE, NSE |
| Issue Size | 24,285,160 shares (aggregating up to ₹840.27 Cr) |
| Offer for Sale | 24,285,160 shares of ₹2 (aggregating up to ₹840.27 Cr) |
| Share holding pre issue | 173,465,425 |
| Share holding post issue | 4173,465,425 |
| 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 |
| Basis of Allotment Date | November 1, 2023 |
|---|---|
| Initiation of Refunds | November 1, 2023 |
| Credit of Shares to Demat Account | November 3, 2023 |
| IPO Listing Date | November 6, 2023 |
Investors can bid for a minimum of 43 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 is a main-board IPO of 24,285,160 equity shares of the face value of ₹2 aggregating up to ₹840.27 Crores. The issue is priced at ₹329 to ₹346 per share. The minimum order quantity is 43 Shares.
The IPO opens on October 25, 2023, and closes on October 27, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Blue Jet Healthcare IPO opens on October 25, 2023 and closes on October 27, 2023.
Blue Jet Healthcare IPO lot size is 43 Shares, and the minimum amount required is ₹14,878.
You can apply in Blue Jet Healthcare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Blue Jet Healthcare IPO will be done on Wednesday, November 1, 2023, and the allotted shares will be credited to your demat account by Friday, November 3, 2023.
Check the IPO allotment status.
The Blue Jet Healthcare IPO listing date is November 6, 2023.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Blue Jet Healthcare IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.
