Exciting Days Ahead for Blue Jet Healthcare’s IPO Investors!

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The much-anticipated Initial Public Offering (IPO) of Blue Jet Healthcare Limited is now live. Investors have the golden opportunity to bid from today, 25th October, until 27th October 2023. The company has set a price range of ₹329 to ₹346 per equity share, promising potential listing on both BSE and NSE.

The buzz around this IPO intensified as the company’s shares made an impressive debut in the grey market, currently trading at a lucrative premium of ₹85. Early birds seem to have shown considerable interest with the IPO being subscribed 0.27 times by 12:45 PM on the very first day.

Here’s a quick snapshot of what you need to know about Blue Jet Healthcare’s IPO:

  • Grey Market Premium: Shares are shining at a premium of ₹85 in the grey market.
  • IPO Size: Aiming to raise a whopping ₹840.27 crore, the offer is entirely for sale (OFS).
  • Bid in Lots: Investors can apply in lots, where one lot constitutes 43 company shares.
  • Allotment & Listing: Share allocation is expected by 1st November 2023, with the shares likely to list on 6th November 2023.

Industry experts have given a thumbs-up to this IPO. Choice Broking highlights the company’s strong business growth and emphasizes its capabilities as a Contract Development and Manufacturing Organization (CDMO). They nod to the company’s strong ties with long-term clients and the planned expansion in the coming years. Reliance Securities echoes this positive sentiment, commending Blue Jet Healthcare’s innovative approach and future growth prospects.

For those seeking a promising investment avenue, Blue Jet Healthcare’s IPO is certainly the talk of the town!