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.
The company mainly deals in three product categories:
- Contrast Media Intermediates,
- H0igh-intensity sweeteners, and
- Pharma intermediates and active pharmaceutical ingredients.
The company is a global, science-led pharmaceutical company. Blue Jet Healthcare is 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.
Blue Jet Healthcare IPO – Details
| IPO Opening Date | 25 October 2023 |
| IPO Closing Date | 27 October 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2,42,85,160 Shares Worth ₹840.27 Crore Offer For Sale: 2,42,85,160 Shares Worth ₹840.27 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹329 – ₹346 |
| Market Lot | 43 Shares |
| Min Order | 43 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Blue Jet Healthcare IPO – Date Schedule
| IPO Open Date | 25 October 2023 |
| IPO Close Date | 27 October 2023 |
| Basis of Allotment Date | 01 November 2023 |
| Initiation of Refund | 01 November 2023 |
| Credit of Shares to Demat Account | 03 November 2023 |
| IPO Listing Date | 06 November 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 27 October 2023 |
Blue Jet Healthcare IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 43 | 14,878 |
| Retail (Max) | 13 | 559 | 1,93,414 |
| S-HNI (Min) | 14 | 602 | 2,08,292 |
| S-HNI (Max) | 67 | 2,881 | 9,96,826 |
| B-HNI (Min) | 68 | 2,924 | 10,11,704 |
Competitive Strengths
- 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.
Company Promoters
- Akshay Bansarilal Arora
- Shiven Akshay Arora
- Archana Akshay Arora
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 507.81 | 317.84 | 135.78 | 51.55 |
| 31 March 2022 | 702.88 | 459.65 | 181.59 | – |
| 31 March 2023 | 744.93 | 528.32 | 160.02 | – |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 37.49 |
| Market Cap (₹ Cr.) | 6001.9 |
| ROE | 26.60 |
| ROCE | 31.91 |
| EPS (Rs) | 9.23 |
| RoNW | 23.48 |
Object Of The Issue
- 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.
Blue Jet Healthcare IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 86.00% |
Blue Jet Healthcare IPO Prospectus
Company Contact Information
| Blue Jet Healthcare Limited 701, 702, 7th Floor, Bhumiraj Costarica Sector 18, Sanpada Navi Mumbai, Thane – 400 705 Phone: +91 (22) 4184 0550 Email: companysecretary@bluejethealthcare.com Website: https://bluejethealthcare.com/ |
Blue Jet Healthcare IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: bluejet.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Blue Jet Healthcare IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. J.P. Morgan India Private Limited 3. Kotak Mahindra Capital Company Limited |
Blue Jet Healthcare IPO FAQs
| What is Blue Jet Healthcare IPO? Blue Jet Healthcare IPO is a main-board IPO. The issue is priced at ₹329 to ₹346 per equity share. The IPO is to be listed on BSE & NSE. |
| When Blue Jet Healthcare IPO will open? The IPO is to open on 25 October 2023 for QIB, NII, and Retail Investors. |
| What is Blue Jet Healthcare IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Blue Jet Healthcare IPO? You can apply Blue Jet Healthcare IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Blue Jet Healthcare IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Blue Jet Healthcare”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Blue Jet Healthcare IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Blue Jet Healthcare”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Blue Jet Healthcare IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Blue Jet Healthcare”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Blue Jet Healthcare IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Blue Jet Healthcare”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Blue Jet Healthcare IPO Size? Blue Jet Healthcare IPO size is ₹840.27 Crore. |
| What is Blue Jet Healthcare IPO Price Band? Blue Jet Healthcare IPO Price Band is ₹329 to ₹346. |
| What is Blue Jet Healthcare IPO Minimum and Maximum Lot Size? The minimum bid is 43 Shares with ₹14,878 amount while the maximum bid is 559 Shares with ₹1,93,414. |
| What is the Blue Jet Healthcare IPO Allotment Date? Blue Jet Healthcare IPO allotment date is 01 November 2023. |
| What is the Blue Jet Healthcare IPO Listing Date? Blue Jet Healthcare IPO listing date is 06 November 2023. The IPO is to list on BSE and NSE. |
