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Blue Jet Healthcare IPO

Specialty Pharma / Contrast Media API - Listed on 01 November 2023

+9.8% listing gain
Issue Price (Upper)
Rs 346
Listing Price
Rs 380
Closing Price (NSE)
Rs 413.4
Total Subscription
7.94x

Blue Jet Healthcare IPO listing summary

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.

Listing day performance

Listing Gain (Open)
+9.83%
Listing Gain (Close)
+19.48%
Day Change After Listing
+9.65%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB13.72x
HNI / NII13.59x
Retail2.22x
Overall7.94x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.69x
Day 21.32x
Day 3 (Final)7.94x

Blue Jet Healthcare IPO GMP history

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.

DayGMP (Rs)GMP %
Day 1Rs 95+27.46%
Day 2Rs 95+27.46%
Day 3Rs 70+20.23%
Day 4Rs 45+13.01%
Day 5Rs 25+7.23%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
7.2%-27.5%
IPOGyani AI Prediction
-
Actual Listing Gain
+9.8%

Issue & financials

Issue SizeRs 840.27 Cr
Fresh IssueRs 0 Cr
OFSRs 840.27 Cr
IPO PE37.49
Peer / Sector PE35.00
PE vs Sector Ratio1.07
Latest EBITDA (Cr)30.39
Debt / Equity0.00

Market context at listing

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.

Nifty 3D Return+1.43%
Nifty 1W Return+1.71%
Nifty 1M Return-1.26%
Nifty during IPO window+1.49%

Blue Jet Healthcare IPO - FAQs

What was the listing gain of Blue Jet Healthcare IPO?

Blue Jet Healthcare IPO listed at +9.8% versus the upper issue price of Rs 346 on 01 November 2023.

How many times was Blue Jet Healthcare IPO subscribed?

Blue Jet Healthcare IPO was subscribed 7.94x overall. QIB portion was subscribed 13.72x, HNI / NII 13.59x and Retail 2.22x.

What was the IPO GMP for Blue Jet Healthcare?

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.

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