Blue Jet Healthcare IPO Subscribed 69% Times On Day 1

The Initial Public Offering of Blue Jet Healthcare Limited was subscribed 69% on the first day of bidding. The issue received bids of 1,16,53,645 shares against the offered 1,69,99,612 equity shares, at a price band of ₹329-346, according to the data available on the stock exchanges.

Non-Institutional Investors Portion was the most subscribed with 1.37 times, followed by Retail Portion with 0.78 times, whereas Qualified Institutional Buyer Portion subscribed 0.01 times. The issue kicked off for subscription on Wednesday, October 25, 2023 and will close on Friday, October 27, 2023.

A day prior to the opening of the issue, Blue Jet Healthcare Ltd had raised Rs 252 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor were HDFC MF, Nippon MF, Government Pension Fund Global, Aditya Birla Sun Life Insurance, ICICI Prudential MF, Bandhan MF, BNP Paribas Arbitrage, Societe Generale, Edelweiss Trusteeship, Integrated Core Strategies (Asia), Singularity Growth Opportunities Fund, and Troo Capital Ltd.

Kotak Mahindra Capital Company Limited, ICICI Securities Limited and J.P. Morgan India Private Limited are book running lead manager and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.