Blue Jet Healthcare IPO: Issue subscribed 69% on day 1; NII portion fully booked

Blue Jet Healthcare IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.

On day 1, Blue Jet IPO retail investors portion was subscribed 78%, NII portion was subscribed 1.37 times, and Qualified Institutional Buyers (QIB) portion were booked just by 1%.

Also Read: Blue Jet Healthcare IPO: 10 key risks investors should know before subscribing to the issue

Blue Jet IPO subscription status

Blue Jet Healthcare IPO has received bids for 1,16,53,645 shares against 1,69,99,612 shares on offer, according to data from the BSE.

Blue Jet IPO retail investors’ portion received bids for 66,33,137 shares against 84,99,806 shares on offer for this segment.

Also Read: Blue Jet Healthcare IPO: Blue Jet IPO raises ₹252.08 crore from anchor investors; details here

Blue Jet Healthcare IPO’s non-institutional investors’ portion received bids for 49,83,657 shares against 36,42,774 on offer for this segment.

Blue Jet IPO Qualified Institutional Buyers (QIBs) portion received bids for 36,851 shares against 48,57,032 shares on offer for this segment.

Blue Jet Healthcare IPO details

Blue Jet Healthcare IPO is completely a offer for sale (OFS) of 24,285,160 equity share; there is no fresh issue component, according to Red Herring Prospectus (RHP). Blue Jet Healthcare IPO size is ₹840.27 crore.

The company’s promoters are Shiven Akshay Arora, Akshay Bansarilal Arora, and Archana & Akshay Arora.

Also Read: Blue Jet Healthcare IPO: GMP, subscription status, review, other details. Apply or not?

Shiven Akshay Arora will sell up to 5,918,849 equity shares, while Akshay Bansarilal Arora will sell up to 18,366,311 equity shares.

The book running lead managers for the Blue Jet Healthcare IPO are Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and J.P. Morgan India Private Limited. The registrar for the offering is Link Intime India Private Ltd.

Also Read: Blue Jet Healthcare IPO open for subscription: GMP, price band, issue details, 10 key things to know

Blue Jet IPO GMP today

Blue Jet Healthcare IPO GMP today or grey market premium is +54, lower than the previous session, which was +63. This indicates Blue Jet Healthcare share price were trading at a premium of ₹54 in the grey market on Wednesday, according to investorgain.com.

Also Read: Blue Jet Healthcare IPO: Check latest GMP, other issue details ahead of opening

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Blue Jet Healthcare share price was indicated at ₹400 apiece, which is 15.61% higher than the IPO price of ₹346.

Based on last 9 sessions grey market activities, today IPO GMP trending upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹95.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Also Read: Blue Jet Healthcare IPO: Five customers drive 76% of company’s revenue

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

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Updated: 25 Oct 2023, 05:38 PM IST