The Blue Jet Healthcare IPO raised 252.08 crore from anchor investors; further information is available here

The Blue Jet Healthcare IPO raised 252.08 crore from anchor investors; further information is available here

Anchor book investors for the Blue Jet Healthcare IPO: On Monday, October 23, an anchor book procedure raised 252.08 crore for the Blue Jet Healthcare IPO. The IPO for Blue Jet Healthcare will start on October 25 and end on October 27. Blue Jet Healthcare's initial public offering price band has been set at between 329 and 346 euros per equity share with a face value of 2.

In the anchor book offering, 22 investors participated, according to Blue Jet Healthcare Limited's exchange filing. ICICI Prudential Funds, HDFC Mutual Fund, Nippon Life India, Aditya Birla Sun Life Insurance, Government Pension Fund Global, HSBC Global Investment Funds, Edelweiss Trusteeship, and BNP Paribas were a few of the well-known investors on the list.

According to information provided in the Blue Jet Healthcare IPO, it has allocated 7,285,548 equity shares, each worth 346 euros, to these anchor investors. Additionally, according to the exchange filing, five domestic mutual funds were given access to 3,229,687 equity shares, or 44.3%, of the total number of shares distributed. This was done via eight different schemes.

Information on the Blue Jet Healthcare Initial Public Offering

According to the Red Herring Prospectus (RHP), the Blue Jet Healthcare IPO is entirely an offer for sale (OFS) of 24,285,160 equity shares; there is no fresh issue component. The 840.27 crore Blue Jet Healthcare IPO is sized.

Shiven Akshay Arora, Akshay Bansarilal Arora, as well as Archana & Akshay Arora are the organization's promoters.

While Akshay Bansarilal Arora will sell as high as 18,366,311 equity shares, Shiven Akshay Arora will only sell up to 5,918,849 equity shares.

ICICI Securities Limited, J.P. Morgan India Private Limited, as well as Kotak Mahindra Capital Company Limited are the documents running lead managers regarding the Blue Jet Healthcare IPO. Link Intime India Private Ltd. is serving as the offering's registrar.

According to sources, Blue Jet Healthcare Limited's profit after tax (PAT) declined by 11.88% between March 31, 2022, and March 31, 2023, while its sales increased by 5.98%.

Today's Blue Jet Healthcare IPO GMP, or grey market premium, is +63, which is the same as the previous session. According to investorgain.com, this suggests that Blue Jet Healthcare's stock price was trading at a premium of 63 on Tuesday.

The expected listing price of Blue Jet Healthcare shares was indicated at 409 per share, which is 18.21% higher than the IPO price of 346. This was determined by taking into account the top end of the IPO pricing range and the current premium on the grey market.

The Blue Jet Healthcare IPO's GMP across the three trading sessions was 85. Based on grey market activity over the last eight sessions, today's IPO GMP is heading higher and anticipates a solid debut. According to investorgain.com, the lowest GMP is 0 and the highest GMP is 95.

Investors' willingness to pay more than the issue price is indicated by the term "grey market premium."