Blue Jet Healthcare IPO Gains Rs 252.08 Crore Through Anchor Investors

It is expected that the Blue Jet Healthcare IPO will debut with a price in between Rs 329 to Rs 346, on October 25, 2023, Wednesday. On Monday, October 23, 2023, the Blue Jet Healthcare IPO reportedly gained a capital of Rs 252.08 crore thanks to the anchor book process. Yes, anchor investors helped the Blue Jet Healthcare IPO to garner a capital of Rs 252.08 crore on Monday. Now it is expected that the IPO for Blue Jet Healthcare will open at a price of Rs329-346 on Wednesday. The IPO will close on Friday, October 27, 2023. Many have been talking over the internet to learn about Blue Jet Healthcare IPO. Kindly shift to the following sections to unfold more details of the Blue Jet Healthcare IPO.

Plaza Wires IPO allotment

The Blue Jet Healthcare IPO is currently fixed somewhere between the range of Rs 329 to Rs 346 per equity share with a face value of Rs 2. As mentioned, the IPO of Blue Jet Ltd gained Rs 252.08 crore through anchor investors, reportedly, a total of 22 investors showed their interest in the anchor book offering, claimed Blue Jet Healthcare Ltd’s exchange filing. Talking about anchor investors, the prominent investors who took part in the anchor book offering were ICIcI Prudential Funds, Nippon Life India, BNP Paribas, HDFC Mutual Fund, Aditya Birla Sun Life Insurance, HSBC Global Investment Funds, Government Pension Fund Global, and Edelweiss Trusteeship.

Blue Jet Healthcare IPO explained that the company issued a total of 7,285,548 equity shares to the anchor investors at the price of Rs 346 per equity share. As per the exchange filing, 3,229,687 equity shares out of the total issued equity shares, i.e. 44.3 percent were allocated to five domestic mutual funds through eight schemes. According to Red Herring Prospectus (RHP), Blue Jet IPO is completely an OFS (offer for sale) of 24,285,160 equity shares and there is no fresh issue component. To your knowledge, Blue Jet Healthcare’s IPO size is Rs 840.27 crore.

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The promoters of the company are Akshay Bansarilal Arora, Shiven Akshay Arora, and Archana & Akshay Arora. Reportedly, promoter Akshay Bansarilal Arora will sell up to 18,366,311 equity shares while Shiven Akshay Arora will sell up to 5,918,849 equity shares.¬† The book-running lead managers for the Blue Jet Healthcare IPO are ICICI Securities¬†Limited, Kotak Mahindra Capital Company Limited, and J.P. Morgan India Private Limited. The registrar for Blue Jet’s offering is Link Intime India Private Ltd. Stay tuned to this website for more details and further updates.

Amzad Khan
Amzad Khan

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