Blue Jet Healthcare Limited’s IPO is coming soon.
The company has filed a draft red herring prospectus (DRHP) with SEBI.
Based on the data available in the market, the company is not completely debt-free.
New Delhi. Another opportunity is coming soon for the people investing in IPO. Now the specialty pharmaceutical and healthcare ingredients company Blue Jet Healthcare Limited’s IPO (Blue Jet Healthcare Limited IPO) is about to come. The company has filed a draft red herring prospectus (DRHP) with the market regulator SEBI.
Blue Jet Healthcare is bringing 100% offer-for-sale (OFS) at a face value of Rs. This means that there will be no new share issue in it. In this issue, Akshay Bansarilal Arora will sell 18,366,311 shares, while Shiven Akshay Arora will sell his 3,316,867 crore shares.
How is the financial position of Blue Jet Healthcare?
According to a report by Livemint, based on the data as of June 30, 2022, this company is not completely debt-free. The company has spread over 35 countries in the last 3 years and has created more than 350 customers. Its clients include big names like Colgate Palmolive (India) Ltd, Unilever, Prinoba US LSC, MMAG Company Ltd.
In FY22, 76.06 per cent of BlueJet Healthcare’s revenue came from Europe. After this, 17.14 percent of the income came from India, 4.18 percent came from the USA. For the financial year 2022, the company achieved an operating revenue of Rs.683.47 crore, as compared to Rs.498.93 crore in FY21. An increase of 36.94 percent has been seen on a yearly basis.
Who are Book Running Lead Managers?
As per the information received, Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and JP Morgan India Private Limited are its Books Running Lead Managers. Link Intime India Private Limited (Link Intime) is the registrar of this issue. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
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FIRST PUBLISHED : September 05, 2022, 13:38 IST