Specialty Pharma / Contrast Media API - Listed on 01 November 2023
Blue Jet Healthcare (Specialty Pharma / Contrast Media API) closed its IPO window in 2023 and listed on NSE and BSE on 01 November 2023 at an upper band issue price of Rs 346, opening at Rs 380 for a listing gain of +9.8% and closing day one at Rs 413.4 (+19.5% on closing basis). The IPO was subscribed 7.94x overall - QIB 13.72x, HNI/NII 13.59x, Retail 2.22x. The total issue size was Rs 840.27 Cr (Fresh Issue Rs 0 Cr, OFS Rs 840.27 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Specialty Pharma / Contrast Media API
Blue Jet Healthcare operates in the Specialty Pharma / Contrast Media API space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Blue Jet Healthcare issue was offered at an upper price of Rs 346 and raised approximately Rs 840.27 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 95 | +27.46% |
| Day 2 | Rs 95 | +27.46% |
| Day 3 | Rs 70 | +20.23% |
| Day 4 | Rs 45 | +13.01% |
| Day 5 | Rs 25 | +7.23% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Blue Jet Healthcare IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Blue Jet Healthcare IPO listed at +9.8% versus the upper issue price of Rs 346 on 01 November 2023.
Blue Jet Healthcare IPO was subscribed 7.94x overall. QIB portion was subscribed 13.72x, HNI / NII 13.59x and Retail 2.22x.
IPO GMP started at Rs 95 on Day 1 and moved to Rs 25 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.