Blue Jet Healthcare IPO Opens, GMP Rises Over 18%
On Wednesday, October 25, 2023, Blue Jet Healthcare, a pharmaceutical company based in Maharashtra, opened subscriptions for its initial public offering (IPO).
The company intends to raise approximately ₹840 crore by pricing its IPO between ₹329 and ₹346 per share, taking into account the upper end of the price band.
The offer for sale (OFS) of up to 2.42 crore shares is the only thing that the IPO is. Shares will be offloaded by promoters Akshay and Shiven Arora in this OFS.
Anchor investors responded favorably to the IPO, contributing ₹252.08 crore from 22 of them on October 23.
The Blue Jet Healthcare IPO’s grey market premium (GMP) has increased by more than 18% to ₹63, a sign of robust investor demand.