About Blue Jet Healthcare Limited IPO
Incorporated in 1968, Blue Jet Healthcare is a specialty pharmaceutical and healthcare ingredients maker. It offers niche products to pharmaceutical companies in three product categories, namely – contrast media intermediates, high-intensity sweeteners and pharma intermediates and active pharmaceutical ingredients (APIs).
Contrast media are agents used in medical imaging to enhance the visibility of body tissues under X-rays, computed tomography (CT), magnetic resonance imaging (MRI) or ultrasound. High-intensity sweeteners include saccharin used in table-top sweeteners, oral care products such as toothpastes and mouthwashes, beverages (primarily soft-drinks) and other confectionery products. Pharma intermediates and APIs serve as building blocks for APIs in areas of the cardiovascular system (CVS), oncology and central nervous system (CNS).
The company operates on a CDMO business model, which stands for contract development and manufacturing organisation. It also has a backward integration business model for the production of saccharin, which means that it carries out the entire process of development, manufacturing and marketing of saccharin and its salts.
It operates three manufacturing facilities in Shahad, Ambernath and Mahad in Maharashtra. As of 30 June 2023, the annual installed capacity is 200.60 KL, 607.30 KL and 213.00 KL, respectively.
As of 30 June 2023, it has served over 400 customers in 39 countries. Out of which, Europe accounted for 77.5% of its total revenue from sales, while India accounted for 12.2%. Meanwhile, contrast media intermediates contributed the highest (72%) to overall revenue. Some of its customers include GE Healthcare AS, Guerbet Group, Bracco Imaging S.p.A, Colgate Palmolive (India), Unilever, Prinova US LLC, and MMAG Co.
In the last three years, the company has seen a CAGR rise of 13% in its revenue from operations and over 5% in its profit. During the same period, EBITDA margin was in the range of 30% to 41%. Moreover, the company supplies its products to three of the four largest contrast media manufacturers in the world which make up 70% of the market. It is expected to grow at a CAGR of 6% to 8% between FY23 and FY25. It also supplies Saccharin to the dominant global players in the oral care and non-alcoholic beverages market. All of which could be beneficial for the company.
And now, Blue Jet Healthcare Limited is coming out with its initial public offer (IPO). The entire IPO will be an offer for sale and all the offer proceeds will be received by its selling shareholders. Its shares will be listed on the NSE and the BSE.
Here are key details about the Blue Jet Healthcare IPO:
Here’s a quick look at Blue Jet Healthcare Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threat
Blue Jet Healthcare Limited IPO details
| Blue Jet Healthcare Limited IPO date
According to the offer document filed by the company with the SEBI, the Blue Jet Healthcare IPO’s opening date – in other words, the Blue Jet Healthcare IPO launch date – will be 25th October 2023. The Blue Jet Healthcare IPO closing date is 27th October 2023. After this, investors will be updated about the allotment status on 1st November 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 3rd November 2023. The Blue Jet Healthcare IPO listing date is 6th November 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Blue Jet Healthcare IPO Price Band
The entire IPO is an offer for sale. The Blue Jet Healthcare IPO price band has been set between ₹329 and ₹346 per share. Interested investors can choose a price within this band to apply for the IPO.
The Blue Jet Healthcare IPO listing price will be determined on 6th November 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| Blue Jet Healthcare IPO Lot size
The Blue Jet Healthcare IPO details have been declared. The Blue Jet Healthcare IPO lot size is set at 43 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Blue Jet Healthcare IPO issue size is approx ₹840 crore.
How to apply for the Blue Jet Healthcare Limited IPO?
If you are interested in this investment opportunity but unsure how to apply for the Blue Jet Healthcare IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Blue Jet Healthcare Ltd IPO on Upstox:
How to check the Blue Jet Healthcare Limited IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Blue Jet Healthcare Ltd IPO allotment status:
Open a demat account with Upstox to apply for the Blue Jet Healthcare Limited IPO
To apply for the Blue Jet Healthcare Ltd IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Blue Jet Healthcare Limited IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Blue Jet Healthcare IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, due to its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Blue Jet Healthcare IPO means applying for this public issue before it goes live. Click here to pre-apply for the Blue Jet Healthcare IPO on Upstox.
You can pre-apply for the Blue Jet Healthcare IPO from 23 October 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Blue Jet Healthcare IPO opens for the subscription.
The Blue Jet Healthcare IPO launch date is 25th October 2023. The Blue Jet Healthcare IPO will be open for subscription till 27th October 2023.
The Blue Jet Healthcare lot size is 43 shares and the minimum investment required is ₹14,878.
The Blue Jet Healthcare IPO price band is ₹329 – ₹346 per share.
The size of the Blue Jet Healthcare IPO is approx. ₹840 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 3rd November 2023.
Blue Jet Healthcare shares will be on NSE and BSE.
Blue Jet Healthcare shares’ listing date is 6th November 2023.