Blue Jet Healthcare's IPO journey: All you want to know about this company

Blue Jet Healthcare, a pharmaceutical ingredient maker, gears up for its initial public offering (IPO) by securing a substantial investment of Rs 252 crore from anchor investors. The company allots 72.85 lakh equity shares to 22 funds at Rs 346 apiece, which is at the upper end of the price band.


Prominent Anchor Investors:
Notable anchor investors include 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, among others.
IPO Details and Offer for Sale:

The IPO, which consists entirely of an Offer for Sale (OFS) of 2.42 crore shares by the promoters Akshay Bansarilal Arora and Shiven Akshay Arora, is set to open for public subscription from October 25 to 27. The price band for the IPO is between Rs 329-346 per share.


Blue Jet Healthcare's maiden public issue is expected to raise between Rs 799 crore and Rs 840.27 crore at the lower and upper ends of the price band. Importantly, the company's unique business model focuses on collaboration, development, and manufacturing of complex chemistry categories, catering to innovator pharmaceutical and multinational generic pharmaceutical companies.

Company Profile and Global Reach: The company, operating under the "Blue Jet" brand, has over five decades of experience and has developed more than 100 products, with over 40 being commercialized. It has manufacturing facilities in Maharashtra and a greenfield industrial facility in Ambernath.

The IPO is led by Kotak Mahindra Capital Company Ltd, ICICI Securities Ltd, and JP Morgan India Pvt Ltd, and the equity shares will be listed on both the BSE and NSE.

(With inputs from PTI)

Stay informed with the latest Business News on Times of India. Explore updates on International Business, gain insights with Financial Literacy tips, and make use of Financial Calculators. Don’t forget to check the list of Bank Holidays in 2025, including Bank Holidays in January.