Blue Jet Healthcare IPO: Blue Jet Healthcare specialty pharmaceutical and healthcare ingredients and intermediates company, offering niche products targeted toward innovator pharmaceutical companies and multi-national generic pharmaceutical companies.
In the past three Financial Years and the three months ended 30 June 2023, we invoiced a total of more than 400 customers in 39 countries. We have built a long-term customer base with innovator pharmaceutical companies and multi-national generic pharmaceutical companies, supported by committed multi-year contracts of up to five years.
Blue Jet Healthcare has recently announced its IPO which opened on 25 October 2023 and is set to close on 27 October 2023. You can pre-apply for the Blue Jet Healthcare IPO on Upstox. which means the pre-apply open date, usually begins a day before the IPO opens for the subscription.
Blue Jet Healthcare IPO
Blue Jet Healthcare has been listed on NSE & BSE for the IPO. The IPO has been set with a face value of ₹2 per share. Prospective investors had the opportunity to bid within the price band of ₹329 to ₹346 per share. Those interested had the option to bid for a minimum lot size of 43 shares.
The total issue size for this IPO stood at 24,285,160 shares, aggregating up to an impressive sum of ₹840.27 Cr. It’s noteworthy to mention that the offer for sale was equivalent to the total issue size, that is, 24,285,160 shares of ₹2 each, accumulating to a value of ₹840.27 Cr.
Blue Jet Healthcare chose the Book Built Issue method for its IPO, signaling a strategic move to determine the price of its shares based on demand from institutional investors.
For those who have invested or are keen on tracking its progress, here are some crucial dates to mark. The basis of allotment will be decided on 1 November 2023. On the same day, the initiation of refunds will commence for those who don’t receive an allotment.
Investors can expect the credit of shares to their Demat accounts by 3 November 2023. The much-anticipated listing date, when the shares of Blue Jet Healthcare will commence trading on the stock exchanges, is set for 6 November 2023.
Blue Jet Healthcare IPO Details
| Open Date | 25 October 2023 |
| Close Date | 27 October 2023 |
| Lot Size | 43 Shares |
| IPO Size | 24,285,160 shares (₹840.27 Cr) |
| IPO Price | ₹329 to ₹346 per share |
| Listing Exchange | BSE, NSE |
| Basis of Allotment | 1 November 2023 |
| Refunds | 1 November 2023 |
| Credit to Demat Account | 3 November 2023 |
| Listing Date | 6 November 2023 |
| RHP | |
| DRHP |
Apply for the Blue Jet Healthcare IPO
You can pre-apply for the Blue Jet Healthcare IPO on Upstox. Follow these steps to pre-apply for the IPO:
- Click on the “Open an Account“
- Fill in the required details
- Complete the verifying your identity
- Login to Your Account
- in the IPO section, click the ‘Blue Jet Healthcare IPO’ tab
- fill in the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Pre-Apply’
Blue Jet Healthcare IPO Subscription Status
The IPO Subscription Status provides information about how many times the offered shares have been subscribed by investors.
| Investor | Subscription |
|---|---|
| Qualified Institutions (QIB) | 13.72 |
| Non-Institutional Buyers (NII) | 13.59 |
| bNII (bids above ₹10L) | 15.65 |
| sNII (bids below ₹10L) | 9.48 |
| Retail Investors | 2.24 |
| Total | 7.95 |
Blue Jet Healthcare IPO GMP Status Today
Blue Jet Healthcare opened and people’s eyes have been on the grey market premium (GMP) to gauge investor sentiment. GMP is the rate at which the IPO shares are traded in the grey market before they get listed on the stock exchange. It’s an unofficial way of measuring the market’s sentiment about the IPO. Blue Jet Healthcare’ day-wise IPO GMP trend, check out the table above.
| GMP Date | GMP | Estimated Listing Price |
|---|---|---|
| 31-10-2023 | ₹18 | ₹364 (5.2%) |
| 30-10-2023 | ₹23 | ₹369 (6.65%) |
| 29-10-2023 | ₹23 | ₹369 (6.65%) |
| 28-10-2023 | ₹19 | ₹365 (5.49%) |
| 27-10-2023 | ₹15 | ₹361 (4.34%) |
| 26-10-2023 | ₹10 | ₹356 (2.89%) |
| 25-10-2023 | ₹34 | ₹380 (9.83%) |
| 24-10-2023 | ₹63 | ₹409 (18.21%) |
| 23-10-2023 | ₹63 | ₹409 (18.21%) |
| 22-10-2023 | ₹85 | ₹431 (24.57%) |
| 21-10-2023 | ₹85 | ₹431 (24.57%) |
| 20-10-2023 | ₹85 | ₹431 (24.57%) |
| 19-10-2023 | ₹95 | ₹441 (27.46%) |
| 18-10-2023 | ₹0 | ₹ (0%) |
| 17-10-2023 | ₹0 | ₹ (0%) |
Blue Jet Healthcare Company Milestones
1970: The company began manufacturing saccharin and its salts, which are high-intensity sweeteners.
2000: The company entered the X-ray contrast media sector, using a basic building block called 5-NIPA.
2002: The company started manufacturing pharmaceutical intermediates and Active Pharmaceutical Ingredients (APIs).
2003: Blue Circle Organics Private Limited was established at Unit-II in the Ambernath facility.
2017: The company initiated the manufacturing of a semi-automated block for its contrast media intermediate business.
2019: Received a US-FDA Establishment Inspection Report for Blue Circle Organics Private Limited, Unit II.
2019: As part of corporate restructuring, a merger took place between Blue Circle Organics Private Limited and Jet Chemicals Private Limited, forming a new entity called Blue Jet Healthcare Private Limited.
2020: The company acquired a brownfield site in Mahad on a leasehold basis, designated as Unit III.
2021: An additional acquisition occurred, with the company obtaining a greenfield site in Ambernath on a leasehold basis, known as Unit IV.
Blue Jet Healthcare IPO Allotment Status
| 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 |
When the allotment process is completed, you can check the status of your application on the Upstox. how to check the Blue Jet Healthcare IPO allotment status:
- Login to your Upstox Account
- find the ‘Invest in IPO’ section.
- Click on the ‘View all option
- Click on My applications
- under the History section
- your Blue Jet Healthcare IPO allotment status will be mentioned.
Blue Jet Healthcare IPO price?
– The Blue Jet Healthcare IPO price band from ₹329 to ₹346 per equity share.
Blue Jet Healthcare IPO date?
– The public issue opened on 25 October 2023 and is set to close on 27 October 2023.
Blue Jet Healthcare IPO lot size?
– The lot size for the Blue Jet Healthcare IPO is 43 equity shares.
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it’s important to note that GMP is not an official measure and often varies. It provides an early indicator of potential demand but does not guarantee the actual listing price. The GMP prices shown here are only news related to the grey market. We do not trade/deal in the grey market or subject to rates (sub2), nor do we recommend trading in the grey market
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Sharedhan. We advise investors to check with certified experts before making any investment decisions.
