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October 23, 2023
This is to inform you that Blue Jet Healthcare Limited is coming out with a public issue to raise Rs.840.27 crore from the market.
The issue opens on October 25 and closes on October 27, 2023.
Blue Jet Healthcare Limited IPO
| Company Details |
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- Blue Jet Healthcare Limited incorporated in 1968 is a specialty pharmaceutical and healthcare ingredients and intermediates company, offering niche products targeted toward innovator pharmaceutical companies and multi-national generic pharmaceutical companies. They have established a contract development and manufacturing organization (“CDMO”) business model with specialized chemistry capabilities in contrast media intermediates and highintensity sweeteners, on the back of strategic and early investments in research and development (“R&D”) and manufacturing infrastructure. They have competencies and manufacturing capabilities in contrast media intermediates and high-intensity sweeteners, including saccharin and its salts. They manufacture a range of products in-house, including the key starting intermediate and advanced intermediates, which allows them to control their production process for consistent quality and cost effectiveness.
- Their operations are primarily organized in three product categories: (i) contrast media intermediates, (ii) highintensity sweeteners, and (iii) pharma intermediates and active pharmaceutical ingredients (“APIs”).
- In the past three Financial Years and the three months ended June 30, 2023, they invoiced a total of more than 400 customers in 39 countries. They have built a long-term customer base with innovator pharmaceutical companies and multi-national generic pharmaceutical companies, supported by committed multi-year contracts of up to five years. They believe their “Collaboration, Development, Manufacturing” approach has been, and will continue to be critical to their success and a key factor for growing their CDMO business. Their product capabilities across the pharmaceutical and healthcare categories have evolved with their customers’ needs, supported by their manufacturing capabilities and technology-driven product development.
- They derive a majority of their revenue from sales of products across their product categories from the regulated markets of Europe. They currently operate three manufacturing facilities, which are located in Shahad (Unit I), Ambernath (Unit II) and Mahad (Unit III) in the state of Maharashtra.
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| Issue Period |
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Issue opens on: Wednesday, October 25, 2023
Issue closes on: Friday, October 27, 2023
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| Price Band |
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Rs.329 to Rs.346 per equity share |
| Bid Lot |
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43 equity shares and in multiple thereafter. |
| Issue Size |
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Rs.840.27 crore |
| Issue break-up |
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QIB - 50% of the offer – Rs.420.13 crore
NIB - 15% of the offer - Rs.126.04 crore
RET - 35% of the offer - Rs.294.09 crore |
| Listing |
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NSE and BSE |
| Registrar |
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Link Intime India Private Limited |
| UPI |
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All Retail & NII Bidders (bids up to ₹ 5,00,000) Applications through brokers are compulsorily in UPI Mode |
| Note |
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- Application made using third party UPI or ASBA Bank A/c are liable to be rejected.
- “The UPI Mandate acceptance time for Retail and NII Bidders (bids up to ₹ 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Friday, October 27th, 2023..”
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Watch these 4 videos to know how to apply for the Blue Jet Healthcare Limited IPO online easily.
Step 1: Create an UPI ID

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Step 2: Apply for IPO online using mobile app or website
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Step 3: Authorise UPI mandate to block payment

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Remember these points while applying for IPOs
- With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
- You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
- Currently, UPI works on the following mobile applications:
| Name of App (Supported Platforms) |
VPA Handle |
| BHIM Baroda Pay (only Android) |
@BARODAMPAY |
| BHIM Oriental Pay (Only Android) |
@obc |
| BHIM RBL Pay (Android & iOS) |
@rbl |
| BHIM (android & iOS) |
@upi |
| BHIM ALLBANK UPI (only Android) |
@allbank |
| BHIM Axis Pay (only android) |
@axisbank |
| BHIM IndusPay (only Android) |
@indus |
| BHIM Lotza UPI (only Android) |
@federal |
| BHIM SBIPay (only android) |
@sbi |
| Citi Mobile (android & iOS) |
@citi & @citigold |
| Google Pay (android & iOS) |
@okhdfcbank | @okaxis | @oksbi | @okicici |
| HSBC Simply Pay (android & iOS) |
@hsbc |
| iMobile by ICICI Bank (android users) |
@icici |
| Kotak Mobile Banking App (Android) |
@kotak |
| Phone-Pe (android & iOS) |
@ybl |
| SIB Mirror+ (only Android) |
@sib |
| BHIM YES PAY (only Android) |
@yesbank |
| DigiBank - DBS (Android & iOS |
@dbs |
| Paytm (Andriod & iOS) |
@paytm |
| BHIM AUPay (Android & iOS) |
@aubank |
| Freecharge (Android & iOS) |
@freecharge |
| BHIM BANDHAN UPI (Android & iOS) |
@bandhan |
| BHIM KBL UPI (Android) |
@kbl |
| Phone-Pe (Android & iOS) |
@ybl, @axl, @ibl |
- To avoid rejection, download the latest version of the app.
- Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
- As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
- The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
- If you forget the UPI PIN, simply reset it instead of entering a wrong one.
- If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
- There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
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