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Blue Jet Healthcare debuts on the BSE and NSE today

Nov 1, 2023

By: BlinkX Research Team

The date of listing for Blue Jet Healthcare Ltd.’s initial public offering (IPO) has been set for Wednesday, November 1, 2023, i.e. today. As per the BSE notice, “effective from Wednesday, November 1, 2023, the equity shares of Blue Jet Healthcare Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities."

In a special pre-open session on Wednesday, Blue Jet Healthcare shares will list on the BSE and NSE at approximately 9:45 am, and they will be made accessible for trading from 10:00 am.

Investors in all categories responded rather well to the Blue Jet IPO. Given the specialised pharmaceutical company's outstanding commercial prospects, healthy return ratios, forward integration, plans for greenfield expansion, and optimistic industry outlook, the majority of analysts had given the IPO a "Subscribe" rating.

Between October 25 and October 27, 7,95 subscriptions were made to the Blue Jet Healthcare IPO. The public offering was subscribed to 2.24 times by retail buyers, 13.72 times by qualified institutional bidders (QIBs), and 13.59 times by non-institutional investors (NIIs).

Blue Jet Healthcare IPO was subscribed 7.95 times from October 25 to October 27. The public issue received 2.24 times subscription in the retail category, 13.72 times in Qualified Institutional Bidders’ (QIB) category, and 13.59 times in the Non-Institutional Investors’ (NII) category.