Blue Jet Healthcare Limited IPO is set to launch on 25 October, 2023. The company initiated its business operations in the year 1968. The company is involved in manufacturing pharmaceutical and healthcare ingredients and intermediates. It was the first manufacturer of saccharin and its salts in India. The company later expanded its presence into CT Scans and MRIs. The major three products of the company include high intensity sweeteners, contrast media intermediaries and pharma intermediaries. Blue Jet Healthcare Limited provides process development and production capabilities, collaboration, development and manufacturing of advanced API and pharma products alongside global regulatory support. There are three manufacturing facilities of the company in Shahad, Mahad and Ambernath. The annual capacity of the firm is 200.60 KL, 213 KL and 607.3 KL respectively per annum.
Blue Jet Healthcare Limited IPO DETAILS
Blue Jet Healthcare Limited IPO is set to launch on 25 October, 2023. The subscription timeline extends till 27 October, 2023. The size for the IPO is 840.27 Crore Rs. Shares issued through fresh issue mode are worth 840.27 Crore Rs. No shares are Issued through offer for sale mode. The lot size is 43 shares and the price is 329 to 346 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.2 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Blue Jet Healthcare Limited IPO
| IPO OPENING DATE | 25 October, 2023 |
| CLOSING DATE FOR IPO | 27 October, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 2 Rs. per share |
| IPO price band | 329 Rs. to 346 Rs. per share |
| LOT SIZE | 43 shares |
| MINIMUM ORDER QUANTITY | 43 shares |
| ISSUE SIZE | 840.27 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 840.27 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 6 November, 2023 |
Blue Jet Healthcare Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 25 October, 2023 |
| CLOSING DATE FOR IPO | 27 October, 2023 |
| IPO ALLOTMENT DATE | 1 November, 2023 |
| REFUNDS | 1 November, 2023 |
| DEMAT A/C CREDITED ON | 3 Movember, 2023 |
| IPO LISTING DATE | 6 November, 2023 |
Blue Jet Healthcare Limited IPO begins for subscription from 25 October, 2023. The IPO subscription would continue till 27 October, 2023. The allotment status for the shareholders who applied would come on 1 November, 2023. The refunds for the ones who did not get allotment would be initiated on 1 November, 2023. The DEMAT accounts of shareholders would be credited on 3 November, 2023. The listing of the company would be completed on 6 November, 2023.
Blue Jet Healthcare Limited IPO : Lead Managers
The lead managers are :
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
The minimum lot size for the company is decided at 43 shares. This holding accounts to 14878 Rs.. The maximum lot size is decided at 559 shares. This amounts to 193414 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 43 shares | 14878 Rs. |
| Maximum | 559 shares | 193414 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 536 | 713 | 862 |
| Revenue | 507 | 703 | 745 |
| PAT | 136 | 181 | 160 |
Blue Jet Healthcare Limited had an asset base of 536 Crore Rs in the year 2022 which increased to 713 Crore Rs in 2022 and 862 Crore Rs in 2023. The revenue of the firm was 507 Crore Rs in 2021, 703 Crore Rs in 2022 and 745 Crore Rs in 2023. The profit of the firm was 136 Crore Rs in 2021 and 181 Crore Rs in 2022. However in the year 2023 the profit of the firm decreased to 160 Crore Rs in comparison to the profit of the previous year.
PROS
- It was the first manufacturer of saccharin and its salts in India. The company later expanded its presence into CT Scans and MRIs.
- The major three products of the company include high intensity sweeteners, contrast media intermediaries and pharma intermediaries.
- Blue Jet Healthcare Limited provides process development and production capabilities, collaboration, development and manufacturing of advanced API and pharma products alongside global regulatory support.
- There are three manufacturing facilities of the company in Shahad, Mahad and Ambernath. The annual capacity of the firm is 200.60 KL, 213 KL and 607.3 KL respectively per annum.
CONS
- The company works in a highly competitive segment.
Blue Jet Healthcare Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Blue Jet Healthcare Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
