Blue Jet Healthcare's IPO to Launch on October 25
Written by Shaveta Arora, Arushi Sharma
Blue Jet Healthcare, a specialty pharmaceutical and healthcare ingredient company, is gearing up for its initial public offering (IPO) on October 25, 2023, with an equity share price range of Rs 329 to Rs 346.
Blue Jet Healthcare, a specialty pharmaceutical and healthcare ingredient company, is set to launch its inaugural initial public offering (IPO) on October 25, 2023, with a price range of Rs 329 to Rs 346 per equity share. Interested investors can bid for a minimum of 43 equity shares, with the option to increase their bid in multiples.
The public offering involves equity shares with a face value of Rs 2 each, amounting to a total offer for sale of up to 2,42,85,160 shares.
Operating under the brand name "Blue Jet," the company possesses manufacturing capabilities in contrast to media intermediates and high-intensity sweeteners, including saccharin and its salts, as well as active pharmaceutical ingredients.
As of June 30, 2023, the company has three manufacturing facilities in Maharashtra, Shahad, Ambernath, and Mahad, with annual installed capacities of 200.60 KL, 607.30 KL, and 213.00 KL. In FY 21, the company acquired a leasehold facility in Ambernath, increasing its total annual production capacity to 1,513.6 KL.
Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and J.P. Morgan India Private Limited are the book running lead managers for an equity share offering, with Link Intime India Private Limited as the registrar.