Explore the details of Blue Jet Healthcare Ltds upcoming IPO, featuring an Offer for Sale OFS with no fresh issue component. Learn about the company's history, product categories, and the offerings key information, including the price range and closing date

Founded in 1968, Blue Jet Healthcare is a company operating in the pharmaceutical and healthcare ingredient sector. Blue Jet Healthcare holds the distinction of being the pioneer manufacturer of saccharin and its derivatives, which are artificial sweeteners, within the Indian market. 

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Subsequently, they diversified their product range to include contrast media intermediates, vital components utilized in the field of CT scans and MRIs. The company primarily focuses on three key product categories: 

  • Contrast media intermediates
  • High-intensity sweeteners
  • Pharma intermediates and active pharmaceutical ingredients   

On the 25th of October 2023, Blue Jet Healthcare Limited will be entering the capital market with an IPO of 24,285,160 Equity Shares of Rs 2 aggregating up to Rs 840.27 Crore. The price for the issue has been set at Rs 329 - Rs 346 Per Equity Share.

Blue Jet Healthcare Ltd's IPO consists solely of an Offer for Sale (OFS) and does not include any fresh issue component. The OFS portion of the IPO involves the sale of approximately 2,42,85,160 shares (around 242.85 lakh shares). At the upper price band of ₹346 per share, this translates to a total OFS size of ₹840.27 crore. 

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The entire OFS is being carried out by the promoters, with Akshay Bansarilal Arora offering 183.66 lakh shares and Shiven Akshay Arora offering 59.19 lakh shares in the OFS.

The issue of Blue Jet Healthcare Limited will be closed on the 27th of October 2023.  

Will you be subscribing to this IPO? 

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