Blue Jet Healthcare IPO
Blue Jet Healthcare Limited (BLUEJET) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 01 November 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +0.4% (likely range -2% to +16%), day's high +3.6%, chance of a gain 51%. Actual: +9.8% at the open, +20.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 48,57,032 | 6,66,51,247 | 13.7x | |
| NII (HNI) total | 36,42,774 | 4,95,14,113 | 13.6x | |
| Big NII (above ₹10 lakh) | 24,28,516 | 3,80,08,044 | 15.7x | |
| Small NII (₹2-10 lakh) | 12,14,258 | 1,15,06,069 | 9.48x | |
| Retail | 84,99,806 | 1,90,21,136 | 2.24x | |
| Total | 1,69,99,612 | 13,51,86,496 | 7.95x |
Bids on NSE and BSE together, as published by NSE, as of 27 Oct 2023, 07:00 PM. Shares offered exclude the anchor portion. 12% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Blue Jet Healthcare's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Future Supply Chain SolutionsDec 2017 | 12.4x | 11.2x | 3.28x | 7.56x | ₹650 Cr | 0.0% | +5.3% |
| Fine Organic IndustriesJun 2018 | 12.9x | 21.0x | 1.62x | 8.99x | ₹600 Cr | +4.1% | +6.5% |
| Sandhar TechnologiesMar 2018 | 14.5x | 6.39x | 1.42x | 6.19x | ₹515 Cr | +4.2% | +6.0% |
| Signatureglobal (India)Sep 2023 | 12.7x | 13.5x | 6.82x | 11.9x | ₹794 Cr | +15.3% | +23.1% |
| Zaggle Prepaid Ocean ServicesSep 2023 | 16.7x | 8.85x | 5.94x | 12.6x | ₹574 Cr | 0.0% | +7.3% |
| HPL Electric and PowerSep 2016 | 5.77x | 22.2x | 3.31x | 8.06x | ₹417 Cr | -5.9% | -2.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| ICICI Securities | 109 | +21.3% | 69% |
| J.P. Morgan India | 27 | +17.4% | 74% |
Offer documents (NSE)
Frequently asked
What is the Blue Jet Healthcare IPO price band and lot size? ₹329–346 per share, with a lot of 43 shares, so the smallest retail bid is ₹14,878.
How many times has it been subscribed? 7.95x overall: QIB 13.7x, NII 13.6x, retail 2.24x.
How did it list? It opened at ₹380, +9.8% against the issue price of ₹346, and closed its first day +19.5%.
