Blue Jet Healthcare Limited IPO

Price
₹329 - ₹346
Lot
43
Subs.
7.95
Expected Listing Earning

Exp. Premium(GMP):
95.01(27.46%)
IPO Details

Open Date: 25-Oct-2023
Close Date: 27-Oct-2023
Allotment Date: 30-Oct-2023
Listing Date: 01-Nov-2023
Listing Price: ₹364.45/-
Face Value: ₹2 Per Equity Share
Issue Price: ₹329-346 Per Equity Share
Issue Size: Total 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)
Market Lot (Min Amount): Retail - ₹14,878 : S-HNI - ₹208,292 : B-HNI - ₹1,011,704
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved4,857,032 3,642,7748,499,80616,999,612
Day 1 - 22-11-23 
05:00 PM
0.01x1.38x0.80x0.70x
Day 2 - 23-11-23 
05:00 PM
0.09x2.84x1.38x1.32x
Day 3 - 24-11-23 
05:00 PM
13.72x13.59x2.24x7.95x
Total No. of Application:3,93,163 (Approx.)
Retail Subscription on the basis of Apps:1.99x
Valuations

Earning Per Share(EPS)₹9.23/-
P/E Ratio37.49
RoNW23.48%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
30 Jun,2023903.80184.6044.12
31 Mar,2023862.07744.94160.03
31 Mar,2022713.38702.88181.59
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding86%
Company Promoter(s)
1. Akshay Baansarilal Arora
2. Shive Akshay Arora
3. Archana & Akshay Arora
Issue Objective(s)

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.

About Company

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: 
  • Process development and production capabilities
  • Global regulatory support
  • Collaboration, development, and manufacturing of advanced pharmaceutical intermediates and API.

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.

Company's core strength lies in the following

  1. Huge manufacturing capacity of contrast media intermediates in India.
  2. The company operates in a niche market that has high entry barriers.
  3. Long-term relationships and long term contracts with multi-national customers.
Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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