Blue Jet Healthcare bag full before IPO, raised Rs 252 crore from anchor investors
BlueJet Healthcare has announced that it has raised Rs 252 crore from anchor investors ahead of its initial public offering (IPO). According to information available on BSE, BlueJet Healthcare has allotted 72.85 lakh shares to 22 funds at Rs 346 per share. In this IPO, 2.42 crore shares will be sold only through an offer for sale.
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Pharmaceutical ingredients maker Blue Jet Healthcare has announced that it has raised Rs 252 crore from anchor investors ahead of its initial public offering (IPO).
According to information available on BSE, Blue Jet Healthcare has allotted 72.85 lakh equity shares to 22 funds at Rs 346 per share.
Blue Jet said Government Pension Fund Global, BNP Paribas Arbitrage, Societe Generale, Integrated Core Strategies (Asia) Pte Ltd, Aditya Birla Sun Life Insurance Company, ICICI Prudential Mutual Fund (MF), HDFC MF, Nippon India MF, Edelweiss MF And Bandhan MF is the anchor investor of this IPO.
Blue Jet Healthcare's IPO opens on October 25-27. In this IPO, 2.42 crore shares will be sold only through Offer for Sale (OFS). The company has fixed the price band for this IPO at Rs 329 to Rs 346 per share.
The company is expecting to get Rs 799 crore from the lower price band of IPO i.e. Rs 329, while the upper price band of Rs 346 is expecting to get Rs 840.27 crore. Investors can bid for a minimum of 43 equity shares in this.
As of June 30, 2023, the company has three manufacturing plants in Shahad, Ambernath, and Mahad in Maharashtra. Additionally, in FY21 the company acquired a "greenfield" industrial facility at Ambernath on a leasehold basis to expand capacity.
Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and JP Morgan India Private Limited are the book-running lead managers to the issue. Equity shares of Blue Jet Healthcare will be listed on BSE and NSE.
