Upcoming IPO: Blue Jet Healthcare's IPO is opening this month, know what is the price band

The company's IPO maiden public offering is expected to fetch Rs 799 crore and Rs 840.27 crore at the lower and upper end of the price band, respectively. The investor can bid for a minimum of 43 equity shares.

Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and JP Morgan India Private Limited are the book-running lead managers to the issue. The equity shares of Blue Jet Healthcare are proposed to be listed on BSE and NSE.

This company is located in Mumbai. The company operates under the brand name "Blue Jet". The innovator is offering niche products targeted at pharmaceutical companies and multinational generic pharmaceutical companies. This business model focuses on collaboration, development, and manufacturing of complex chemistry categories.

The company has developed more than 100 products over the past five decades.

As of June 30, 2023, the company had three manufacturing facilities in Shahad, Ambernath, and Mahad in Maharashtra. Apart from this, work has been done to expand the capacity in the financial year 2011. The company acquired a "greenfield" industrial facility.

76 percent of the company's revenue in FY22 came from Europe. This was followed by India (17.14 percent), America (4.18 percent), and some other countries.