Blue Jet Healthcare IPO 2023: Review, GMP, Subscription Status, and Amazing Details

Blue Jet Healthcare IPO is a book-built issue of Rs. 840.27 crores, entirely an offer for sale of 2.43 crore shares. It opened for subscription on October 25, 2023, and closed on October 27, 2023. The allotment is expected to be finalized on November 1, 2023, and the stock will list on BSE and NSE on November 6, 2023. The price band is set at ₹329 to ₹346 per share, and the minimum lot size is 43 shares.

Blue Jet Healthcare IPO GMP Today

GMP stands for Grey Market Premium, which is the difference between the IPO price and the expected listing price of a share. The GMP for Blue Jet Healthcare IPO is ₹95 per share, which indicates a listing premium of 27.46%.

Blue Jet Healthcare IPO Subscription Status

The retail category of Blue Jet Healthcare IPO subscribed 0.66 times as of October 25, 2023. The issue is still open for subscription, and it will be interesting to see how the subscription status evolves in the coming days.

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Blue Jet Healthcare IPO Review

Blue Jet Healthcare is a leading pharmaceutical and healthcare ingredients company. It has a strong track record of profitability and growth. The company is well-positioned to benefit from the growing demand for pharmaceutical and healthcare ingredients in India and globally.

However, investors should also consider the following risks before investing in the IPO:

  • The company’s business is cyclical and depends on the overall health of the pharmaceutical industry.
  • The company is facing increasing competition from domestic and international players.
  • The company’s financial performance may be affected by fluctuations in foreign exchange rates and raw material prices.
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Blue Jet Healthcare IPO Other Details

  • Lead Managers: Axis Capital, ICICI Securities, and SBI Capital Markets.
  • Registrar: Link Intime India Private Ltd.
  • Listing Exchanges: BSE and NSE.
  • Issue Size: Rs. 840.27 crores.
  • Price Band: ₹329 to ₹346 per share.
  • Minimum Lot Size: 43 shares.
  • Allotment Date: November 1, 2023.
  • Listing Date: November 6, 2023.

Overall, Blue Jet Healthcare IPO is a good investment opportunity for investors with a long-term investment horizon and a risk appetite.

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