Blue Jet Healthcare IPO subscription ends today - Apply or Not? Check Anil Singhvi's view

Blue Jet Healthcare IPO, Blue Jet Healthcare IPO subscription status: The Initial Public Offering (IPO) of Blue Jet Healthcare Ltd, a pharmaceutical ingredient maker, is open for subscription. The subscription is open for three days and will close tomorrow i.e. October 27. On the first day of subscription on Wednesday, the IPO, which is entirely an Offer for Sale (OFS) component, got subscribed 69 per cent. According to details available on the National Stock Exchange (NSE), the IPO received bids for 1,16,53,645 shares against 1,69,99,612 shares on offer.

Blue Jet Healthcare IPO, Blue Jet Healthcare IPO subscription status: Should you subscribe or not?

According to Zee Business Managing Editor Anil Singhvi, only high-risk investors should subscribe to the issue and that too for a long duration. 

"Promoters are quite experienced and understand the business quite well. The second generation of promoters are also in the business so there's a good management bandwith. Also, they are manufacturing niche products and it is not easy for others to enter this segment i.e. it's a business with high barriers to entry. Also, it is a zero-debt company. So these are the positive aspects of the company," Shinghvi said. 

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"Also, the company is dependent on China for raw materials and exports things in Europe - which is not a good thing. Also, cash flow management should have been better. The only issue is that the stock is costly..." he said.

Blue Jet Healthcare IPO allotment date

The basis of the allotment of shares under the IPO of Blue Jet Healthcare is set to be finalised on November 1. Successful bidders will get shares credited into their demat accounts on November 3, whereas other participants will have refunds initiated on November 1.

Blue Jet Healthcare IPO listing date

Blue Jet Healthcare's stock is likely to be listed in the secondary market on November 6. The stock will be traded on the bourses- BSE and NSE.

Blue Jet Healthcare IPO: Book running lead managers

Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and J.P. Morgan India Private Limited are the book-running lead managers of the IPO, while Link Intime India Private Ltd is the registrar for the public issue.

Blue Jet Healthcare IPO Allotment Status on BSE: Step-by-step guide

Below are some easy steps that you can follow to check Blue Jet Healthcare's allotment status on the official website of the Bombay Stock Exchange (BSE) on November 3 or onwards. 

Step 1: Visit the official website of BSE and to the 'Status of Issue Application' or use this direct link - https://www.bseindia.com/investors/appli_check.aspx.

Step 2:  Under the ‘Issue Type’ section, you have to select ‘Equity’. 

Step 3: Select ‘Blue Jet Healthcare’ from the dropdown menu.

Step 4: Provide details like application number or PAN number.

Step 5: Click on 'I am not a Robot' and submit.

Blue Jet Healthcare allotment status: Check status on LINK INTIME

Step 1: Visit the official website of LINK INTIME or use this link - https://linkintime.co.in/mipo/ipoallotment.html.

Step 2: Click on any of the 5 available links on the page to view IPO Allotment Status.

Step 3: Select Blue Jet Healthcare IPO from the drop-down.

Step 4: Provide one of the details - Application No or Demat Account or PAN

Step 5: Provide Application Number. 

Step 6: Enter the captcha and click on Submit.