Blue Jet Healthcare's Shares Set to Debut with Positive Market Sentiment

Blue Jet Healthcare is poised to make its market debut today, with its shares receiving significant interest from investors. The Grey Market Premium (GMP) for Blue Jet Healthcare's shares has surged by 6.36% in anticipation of the listing. The company's Initial Public Offering (IPO) garnered strong demand, with a subscription rate of 7.95 times.

Notably, the Qualified Institutional Buyers (QIBs) category saw a robust subscription rate of 13.72 times, while non-institutional investors subscribed at 13.59 times, and the Retail Individual Investors (RIIs) category secured a 2.24-time subscription.

Commenting on the upcoming listing, Shivani Nyati, Head of Wealth at Swastika Investmart, remarked, "Blue Jet Healthcare is set to debut in the secondary market. The company's GMP is currently at Rs 20, indicating a promising listing. Based on the IPO's upper price band of Rs 346, the estimated listing price of Blue Jet Healthcare shares is Rs 366, representing a premium of approximately 5 to 6 percent. With the strong GMP and positive market sentiment, Blue Jet Healthcare is likely to witness a flat to positive listing."

Blue Jet Healthcare's IPO subscription period was open from October 25, 2023, to October 27, 2023. The IPO offered shares in the price range of Rs 329-346 per equity share with a face value of Rs 2 each. At the upper end of the price band, the company's promoters and shareholders aimed to raise Rs 840.27 crore from the IPO.

The IPO consisted of an offer-for-sale (OFS), with promoters selling 24,285,160 shares of Rs 2 each, totaling up to Rs 840.27 crore. Retail investors had the opportunity to bid for a minimum of 43 equity shares, with subsequent bids in multiples of 43 equity shares. The minimum investment required for retail investors was Rs 14,878. It's important to note that all the proceeds from the Offer will go to the Selling Shareholders, in proportion to the Offered Shares sold by each respective Selling Shareholder, as per information available on Chittorgarh.com.