Date of Blue Jet Healthcare’s IPO listing: On Wednesday, the company’s shares were priced higher when they were listed on the markets. Blue Jet Healthcare’s share price on the BSE was ₹359.90, while on the NSE it was listed at ₹380 per share, 9.8% more than the issue price of ₹346.
The Blue Jet Healthcare IPO’s subscription period began on Wednesday, October 25, and ended on Friday, October 27. Blue Jet Healthcare IPO received 7.94 subscriptions on the third day of the offer. Retail investors subscribed 2.22 times, qualified institutional buyers (QIBs) subscribed 13.59 times, and the NII portion was booked 13.72 times for the Blue Jet IPO.
In its initial public offering, Blue Jet Healthcare set aside a minimum of 15% of its shares for Non-Institutional Investors (NII), a maximum of 50% of its shares for Qualified Institutional Buyers (QIB), and a minimum of 35% of its shares for Retail Investors.
Details of Blue Jet Healthcare’s IPO
According to the Red Herring Prospectus (RHP), Blue Jet Healthcare’s initial public offering (IPO) consists entirely of an offer for sale (OFS) of 24,285,160 equity shares; there is no new issue component. The IPO value of Blue Jet Healthcare is ₹840.27 crore.
Shiven Akshay Arora, Akshay Bansarilal Arora, and Archana & Akshay Arora are the company’s promoters.
Shiven Akshay Arora intends to offer a maximum of 5,918,849 equity shares for sale, while Akshay Bansarilal Arora plans to sell up to 18,366,311 equity shares.
The Blue Jet Healthcare IPO is being managed by Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and J.P. Morgan India Private Limited. The registrar responsible for overseeing the offering is Link Intime India Private Ltd.
Today’s Blue Jet IPO GMP
The Grey Market Premium (GMP) for Blue Jet Healthcare’s IPO was +22 today, which was comparable to the previous session. Investorgain.com reports that on Wednesday, the share price of Blue Jet Healthcare was trading at a premium of ₹22.
Blue Jet Healthcare’s estimated listing price was ₹368 per share, 6.36% more than the IPO price of ₹346. This was determined by taking into account the upper end of the IPO price band as well as the current premium in the grey market.
Investors’ willingness to pay over the issue price is indicated by the “grey market premium.”
