Blue Jet Healthcare IPO Listing LIVE Updates: Shares list at premium of 9.83% on NSE
Blue Jet Healthcare IPO Listing LIVE News Updates, Blue Jet Healthcare Share Price NSE, BSE: Shares of Blue Jet Healthcare Limited list at a premium of around 10 per cent on the National Stock Exchange (NSE) at the scrip got listed at Rs 380, against the issue price of Rs 346. After a good listing, the scrip went on to touch the intraday high of Rs 402.35 on the NSE.
Earlier, the IPO of the Mumbai-based firm was subscribed 7.95 times on the final day of subscription.
Follow Zee Business Live Blog for all the latest news updates on Blue Jet Healthcare IPO Listing:
Blue Jet Healthcare IPO Listing LIVE News Updates, Blue Jet Healthcare Share Price NSE, BSE: Shares of Blue Jet Healthcare Limited list at a premium of around 10 per cent on the National Stock Exchange (NSE) at the scrip got listed at Rs 380, against the issue price of Rs 346. After a good listing, the scrip went on to touch the intraday high of Rs 402.35 on the NSE.
Earlier, the IPO of the Mumbai-based firm was subscribed 7.95 times on the final day of subscription.
Follow Zee Business Live Blog for all the latest news updates on Blue Jet Healthcare IPO Listing:
Latest Updates
Blue Jet Healthcare IPO Listing LIVE: Shares give up early gains
Share of Blue Jet Healthcare gave up early gains as it is trading at Rs 385.30, down from an intraday high of Rs 402.35.
Blue Jet Healthcare IPO Listing LIVE: Shares jump over 5%
Shares of Blue Jet Healthcare Limited have gained over 5 per cent over the listing price of Rs 380. Last seen, the scrip was trading at Rs 399.90, a gain of around 5.24 per cent.
Blue Jet Healthcare IPO Listing LIVE: Good listing for Blue Jet
Shares of Blue Jet Healthcare Limited made a good debut on bourses today.
Blue Jet Healthcare IPO Listing LIVE: Price settles at Rs 380
The share price of Blue Jet Healthcare Limited has settled at Rs 380, a premium of 9.83 per cent against the issue price of Rs 346, on the NSE.
Blue Jet Healthcare IPO Listing LIVE: Price settles at Rs 359.9
The share price of Blue Jet Healthcare Limited has settled at Rs 359.9, a premium of 4.02 per cent against the issue price of Rs 346, on the BSE.
Blue Jet Healthcare IPO Listing LIVE: Editor's view
Earlier, Zee Business Managing Editor Anil Singhvi said that only high-risk investors should subscribe to the issue and that too for a long duration.
Blue Jet Healthcare IPO Listing LIVE: Acquired "greenfield" industrial facility
Further, in its efforts to expand the capacity in FY21, it acquired a "greenfield" industrial facility on a leasehold basis in Ambernath.
Blue Jet Healthcare IPO Listing LIVE: Managers of the offer
Kotak Mahindra Capital Company, ICICI Securities and J P Morgan India are the managers of the offer.
Blue Jet Healthcare IPO Listing LIVE: Three manufacturing facilities
As of June 30, 2023, the company had three manufacturing facilities in Shahad, Ambernath, and Mahad in Maharashtra.
Blue Jet Healthcare IPO Listing LIVE: Blue Jet's business model
Its business model focuses on the collaboration, development and manufacturing of complex chemistry categories.
Blue Jet Healthcare IPO Listing LIVE: Blue Jet's business model
Its business model focuses on the collaboration, development and manufacturing of complex chemistry categories.
Blue Jet Healthcare IPO Listing LIVE: What does the company do?
The Mumbai-based firm, which operates under the brand name of "Blue Jet", is offering niche products targeted towards innovator pharmaceutical companies and multinational generic pharmaceutical companies.
Blue Jet Healthcare IPO Listing LIVE: Price range of IPO
The Qualified Institutional Buyers (QIBs) part got 13.72 times subscription. The initial public offering of up to 24,285,160 equity shares has a price range of Rs 329-346 a share.
Blue Jet Healthcare IPO Listing LIVE: RIIs received 2.24 times subscription
The portion for non-institutional investors was subscribed 13.59 times, while the category for Retail Individual Investors (RIIs) received 2.24 times subscriptions.
Blue Jet Healthcare IPO Listing LIVE: Subscribed 7.95 times
The Initial Public Offering (IPO) of pharmaceutical ingredient maker Blue Jet Healthcare was subscribed 7.95 times on the final day of subscription.