Blue Jet Healthcare Ltd. IPO

The company is a specialty pharmaceutical and healthcare ingredient and intermediate company. It offers niche products targeted toward innovator pharmaceutical companies and multi-national generic pharmaceutical companies.

RHP
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DRHP
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Open Date

2023-10-25

Close Date

2023-10-27

Company Financials

You can get the following financial statements of Blue Jet Healthcare Ltd. as of now.

Subscription Details

The details about the Blue Jet Healthcare Ltd IPO is as:

  • The issue size of the IPO is 840.27 Cr.
  • The price band for Blue Jet Healthcare IPO is Rs 329 to Rs 346.
  • The shares of Blue Jet Healthcare IPO will list on 1st November 2023. 
  • The latest tentative GMP of Blue Jet Healthcare IPO is Rs 10.
  • The shares of Blue Jet Healthcare IPO is subscribed 7.95 Times as of 27 October 2023. 

 

Blue Jet Healthcare Ltd IPO Valuation

The approx valuation of Blue Jet Healthcare Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 346
Existing Shares (Qty) 17.34 Cr
Market Cap 5999.64 Cr
EPS (FY23) Rs 9.23
PE Ratio 37.48x

 

Blue Jet Healthcare Ltd IPO Issue Size

Blue Jet Healthcare Ltd IPO issue size is 840.27 Cr.

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 840.27 Cr

 

Blue Jet Healthcare Ltd IPO Market Lot

An Individual can apply for a minimum 1 lot of 43 shares and a maximum of 13 lots of 559 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 43 14,878
 Maximum 13 559 1,93,414

 

Blue Jet Healthcare Ltd IPO share offer

The shares of Blue Jet Healthcare IPO is subscribed 7.95 Times as of 27th October 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 13.72 Times
Non-Institutional Minimum 15% 13.59 Times
Retail Individual Minimum 35% 2.24 Times
Total   7.95 Times

Allotment Details

Find below the dates for Blue Jet Healthcare Ltd IPO:

Schedule Date
Basis of Allotment 30 October 2023
Refunds 31 October 2023
Credit to Demat Account 31 October 2023
IPO Listing Date 1 November 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Net Sales 498.93 683.47 720.98
Total Expenditure 292.08 434.21 501.89
Operating Profit 206.85 249.26 219.09
Other Income 8.61 19.41 23.96
Interest 5.31 3.3 1.36
Depreciation 19.66 22.15 25.07
Exceptional Items 0 0 0
Profit Before Tax 190.49 243.23 216.61
Provision for Tax 48.87 61.64 56.58
Net Profit 141.62 181.72 159.94
Adjusted EPS (Rs.) 0.82 1.05 0.92

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 9.91 34.69 34.69
Total Reserves 329.91 486.85 646.79
Borrowings 28.67 0 0
Other N/C liabilities 4.69 17.33 6.7
Current liabilities 220.05 259.07 318.42
Total Liabilities 593.22 797.94 1006.61
Assets
Net Block 138.92 156.48 151.04
Capital WIP 2.58 3.43 30.46
Intangible WIP 0 0 0
Investments 0 0 0
Loans & Advances 4.66 5.02 15.34
Other N/C Assets 0.08 0.31 0.17
Current Assets 446.97 632.7 809.59
Total Assets 593.22 797.94 1006.61
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023
Other Income 8.21 6.75
Profit Before Tax 64.33 43.7
Tax 16.46 11.59
Profit After Tax 47.87 32.11
Adjusted EPS (Rs) 2.76 1.85

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 86 0
Dec 2023 86 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Profit from operations 190.49 243.23 216.61
Adjustment 17.03 6.74 17.81
Changes in Assets & Liabilities -72.71 -75.96 -32.89
Tax Paid -0.2 -27.59 -59.98
Operating Cash Flow 134.61 146.42 141.56
Investing Cash Flow -56.03 -76.03 -147.25
Financing Cash Flow -27.5 -56.15 -4.24
Net Cash Flow 51.08 14.25 -9.94
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