Exploring about Blue Jet Healthcare IPO, GMP, Price, Lot Size, Apply or Not at PrimeNewsly. In this story you learn about the Jet Healthcare company revenue and related FAQs also.
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Blue Jet Healthcare, a pharmaceutical and healthcare ingredient company founded in 1968, is currently making waves with its Initial Public Offering (IPO). In this article, we will provide you with a comprehensive overview of Blue Jet Healthcare, its IPO details, and whether you should consider applying for it.
Established in 1968, Blue Jet Healthcare has a rich history as the first manufacturer of saccharin and its salts in India, pioneering the production of artificial sweeteners. Over the years, the company expanded its horizons into contrast media intermediates, critical components used in medical imaging technologies like CT scans and MRIs.
The company's specialisation lies in providing essential products to both pharmaceutical companies and generic pharmaceutical companies worldwide. Blue Jet Healthcare operates with a Contract Development and Manufacturing Organization (CDMO) business model, ensuring it remains at the forefront of innovation.
The company's board of directors includes:
1. Akshay Bansarilal Arora - Executive Chairman
2. Shiven Akshay Arora - Managing Director
3. Naresh Suryakant Shah - Executive Director
4. Girish Paman Vanvari - Independent Director
In FY22, Blue Jet Healthcare reported a remarkable net profit of ₹181.59 crore, showcasing steady growth from ₹135 crore in FY21 and ₹144 crore in FY20. The company's financial stability is indicative of its potential in the pharmaceutical industry. Blue Jet Healthcare IPO GMP is a topic of interest in the financial world, and it's essential to stay updated on their performance in the stock market.
Now, let's delve into the details of Blue Jet Healthcare's IPO:
1. Price Band: The price band for Blue Jet Healthcare's IPO ranges from ₹329 to ₹346 per share.
2. Blue Jet Healthcare IPO lot size: The minimum order quantity is 43 shares.
3. Blue Jet Healthcare IPO dates: The IPO opened on October 25, 2023, and is set to close on October 27, 2023.
4. Listing Date: The shares are scheduled to list on November 6, 2023.
5. Blue Jet Healthcare IPO Size: The IPO consists of 24,285,160 equity shares with a face value of ₹2, totaling ₹840.27 crores.
As of October 25, 2023, the Grey Market Premium (GMP) for Blue Jet Healthcare's IPO stands at ₹40. Earlier indications on October 20, 2023, suggested a likely listing price of around ₹441 per share. However, please note that this information is not a substitute for professional financial advice regarding the Blue Jet Healthcare IPO GMP. Consult a financial advisor to make informed decisions based on your unique circumstances.
Blue Jet Healthcare's impressive performance in FY22 is partly attributed to its ability to generate ₹560 crore in revenue from its top 10 customers, constituting a significant 84.06% of its total revenue. Notably, five of these major customers contributed ₹516 crore, representing approximately 76% of the total revenue.
The company plays a pivotal role in supplying critical intermediates to some of the world's largest contrast media manufacturers, including GE Healthcare, Guerbet, and Bracco. These four major manufacturers consistently contributed to over 70% of the global moving annual turnover.
Blue Jet Healthcare's reach extends across the globe, offering high-intensity sweeteners to more than 250 customers in India, the United States, Europe, Asia, and Latin America. Their clientele includes well-known names like Colgate-Palmolive (India) Limited, Unilever, Prinova US LLC, and MMAG Co. Ltd., spanning various industries from oral care products to cosmetics.
The company also caters to the pharmaceutical industry, marketing its pharma intermediates and APIs in both regulated and emerging markets. As of March 31, 2022, they had over 35 customers in India and 50 worldwide across Europe, North America, South America, and Asia.
So, is Blue Jet Healthcare IPO good or bad? While we don't offer professional financial advice, some industry experts have provided insights into whether you should consider applying for Blue Jet Healthcare's IPO.
Rajan Shinde, Research Analyst at Mehta Equities, believes that Blue Jet Healthcare's unique niche product segment and established client relationships might lead to significant listing gains. Despite the IPO being a 100% offer for sale (OFS), he recommends subscribing with a risk perspective.
Choice Broking and Reliance Securities also provide positive assessments of Blue Jet Healthcare's growth prospects, emphasising the company's strong potential in the pharmaceutical industry.
1. Blue Jet Healthcare's IPO opens on October 25, 2023, and closes on October 27, 2023.
2. The price band for Blue Jet Healthcare's IPO is set between ₹329 to ₹346 per share.
3. The minimum order quantity for the IPO is 43 shares, making it accessible to a wide range of investors.
4. Blue Jet Healthcare's IPO consists of 24,285,160 equity shares with a face value of ₹2.
5. In FY22, the company reported a net profit of ₹181.59 crore, reflecting steady growth.
6. The Grey Market Premium (GMP) for the IPO was ₹40 as of October 25, 2023.
7. The likely listing date for Blue Jet Healthcare shares is November 6, 2023.
8. Approximately 50% of the IPO is reserved for qualified institutional buyers.
9. Blue Jet Healthcare's specialization includes contrast media intermediates and high-intensity sweeteners.
10. The company generated 76% of its revenue from just five major customers in FY22.
11. Blue Jet Healthcare's board of directors includes Akshay Bansarilal Arora, the Executive Chairman.
12. Some experts recommend subscribing to the IPO, citing the company's niche product segment and growth prospects.
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Blue Jet Healthcare's IPO consists of 24,285,160 equity shares with a face value of ₹2, totaling ₹840.27 crores.
The minimum order quantity (lot size) for Blue Jet Healthcare's IPO is 43 shares.
Blue Jet Healthcare's IPO closes on October 27, 2023.
Whether Blue Jet Healthcare's IPO is a good or bad investment depends on your financial goals and risk tolerance. It's advisable to consult a financial advisor for personalized advice.
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You can apply for Blue Jet Healthcare's IPO through your stockbroker or by using your online trading account. Make sure to follow the application process and fulfill the necessary requirements as per your chosen method.
With the information provided, you are now better equipped to make an informed choice regarding the Blue Jet Healthcare IPO.
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