Blue Jet lands softly

about 6 months ago
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Blue Jet Healthcare made a decent debut on the bourses today morning; as against the IPO price of Rs.346, the stock got listed on the NSE at Rs.380 and Rs.359.90 on the BSE, showing a stark difference between the two.

The IPO did well, nothing like a resounding success but ‘decent’ kind of well. The issue was overall subscribed 7.94 times, of which QIB portion was at 13.72x, HNIs at 13.59x and retail investors at 2.22x.

The company is a specialty pharma intermediate company and did well during the IPO.

In our IPO Analysis, we had concluded, “We recommend applying in the IPO, based on company’s margin profile and expected future growth.”

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