Saturday, December 2, 2023

blue jet healthcare news: Blue Jet Healthcare IPO share allotment finalised. Here’s how you can check the status

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The share allotment of Blue Jet Healthcare IPO is finalised on Tuesday. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar.On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar’s website. Here’s how you can check the status on BSE.

Step 1: Visit the BSE WebsiteStep 2: Please select the issue name, that is the company’s name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

The IPO of Blue Jet Healthcare was booked nearly 8 times at the close, led by healthy interest from NIIs and QIBs. The IPO was priced in the range of Rs 329-346.

Net proceeds from the issue will completely go to the selling shareholders of OFS. There was no fresh issue segment in the IPO.The company’s shares are expected to get listed on the exchanges on November 1. According to market analysts, Blue Jet Healthcare is commanding a premium of Rs 20 in the unlisted market.

Considering the upper price band of Rs 346, the stock is likely to debut with a premium of 6%.

Blue Jet Healthcare develops and supplies specialty pharmaceutical and healthcare ingredients and intermediates under a contract development and manufacturing organization (CDMO) business model.

It has specialized chemistry capabilities in contrast to media intermediates and high-intensity sweeteners. The company has built a long-term customer base of innovator and multi-national generic pharmaceutical companies, supported by multi-year contracts.

For the three months ended June, the company’s total income rose 24% year-on-year to Rs 185 crore, while net profit was up 59% to Rs 44.1 crore.

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