Blue Jet Healthcare IPO: Check latest GMP, other issue details ahead of opening

Also Read: IRM Energy IPO: Latest GMP, subscription, how to check allotment status

Blue Jet Healthcare is an intermediary company that provides pharmaceutical and healthcare ingredients. In India, Blue Jet Healthcare was the pioneer in producing saccharin and its derivatives, or artificial sweeteners.

“Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!” Click here!

Let’s check what does Blue Jet Healthcare Limited IPO GMP today signal ahead of opening for subscription;

Blue Jet Healthcare IPO GMP today

Blue Jet Healthcare IPO GMP or grey market premium is +72. This indicates Blue Jet Healthcare share price were trading at a premium of ₹72 in the grey market on Monday, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Blue Jet Healthcare share price was indicated at ₹418 apiece, which is 20.81% higher than the IPO price of ₹346.

Also Read: Tata Technologies IPO: Latest GMP, expected price, date, other details you may like to know

During the last three-trading sessions, Blue Jet Healthcare IPO GMP was ₹85. Based on last 7 sessions grey market activities, today IPO GMP trending upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹95, as per investorgain.com.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Also Read: Blue Jet Healthcare IPO opens on October 25, price band set at ₹329-346 apiece

Blue Jet Healthcare IPO details

Blue Jet Healthcare IPO is completely a offer for sale (OFS) of 24,285,160 equity share; there is no fresh issue component, according to Red Herring Prospectus (RHP). Blue Jet Healthcare IPO size is ₹840.27 crore.

The company’s promoters are Shiven Akshay Arora, Akshay Bansarilal Arora, and Archana & Akshay Arora.

Shiven Akshay Arora will sell up to 5,918,849 equity shares, while Akshay Bansarilal Arora will sell up to 18,366,311 equity shares.

Also Read: On Door Concepts IPO opens: Check GMP, subscription status, other key details

The book running lead managers for the Blue Jet Healthcare IPO are Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and J.P. Morgan India Private Limited. The registrar for the offering is Link Intime India Private Ltd.

Between March 31, 2022, and March 31, 2023, Blue Jet Healthcare Limited’s profit after tax (PAT) decreased by 11.88% while its revenue climbed by 5.98%, as per reports.

Also Read: WomanCart IPO allotment finalised today: Latest GMP, here’s how to check allotment status

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

“Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!” Click here!

Updated: 23 Oct 2023, 06:02 PM IST