On the first day, 69% of the shares for Blue Jet Healthcare IPO were bought. The retail portion of the Blue Jet Healthcare IPO was subscribed 78% and the Non-Institutional Investor (NII) portion was subscribed 1. 37 times The Grey Market Premium (GMP) for the IPO is at +54, and the estimated listing price is ₹400.
2 min read 2023-10-26, 12:50 AM IST
On its first day of becoming a public company, Blue Jet Healthcare had 69% of its shares subscribed for. This IPO started on Wednesday, October 25 and will end on Friday, October 27.
It is selling shares for a price of ₹329 to ₹346 per share, with each share having a value of ₹2.
Blue Jet Healthcare has reserved 50% of the shares for Qualified Institutional Buyers (big investors), at least 15% for Non-Institutional Investors (smaller investors), and at least 35% for Retail Investors (individual investors).
On the first day, there were more retail investors interested in the IPO than there were available shares (oversubscribed at 78%). The NII portion of the IPO had a subscription rate of 1. 37, which means there was more demand than available shares for that too. However, the part of shares designated for Qualified Institutional Buyers (QIB) had a lower percentage of people interested in buying them. Only 1% of the shares set aside for QIB were taken.
Moreover, the Grey Market Premium (GMP) for Blue Jet Healthcare’s Initial Public Offering (IPO) is +54, and it is expected to be listed at a price of ₹400. This means that many people, especially regular investors and individuals, are very interested in investing in the IPO.
