Blue Jet Healthcare listed in stock market, investors got 10 percent profit
Share Market Today: A new company has entered the share market today. Today the shares of pharmaceutical ingredients manufacturer Blue Jet Healthcare Limited have been listed in the market. The company's shares are listed with a premium of 10 percent. This means that investors are getting a profit of more than 10 percent.
Today, the stocks of pharmaceutical ingredients manufacturer Blue Jet Healthcare Limited have been listed in the stock market. The company's shares were listed at a premium of about 10 percent over the issue price of Rs 346.
Today the company's shares were listed at Rs 380 on NSE with a rise of 9.82 percent. After this, it jumped by 16.28 percent to reach Rs 402.35. At the same time, the stock started trading at Rs 359.90 on BSE, registering a gain of 4 percent. It increased by 14.40 percent to reach Rs 395.85.
Blue Jet Healthcare's IPO closed for subscription on Friday last week. This IPO was subscribed 7.95 times on the last day. The company has issued a fresh issue of Rs 840.27 crore. The price band of this IPO was Rs 329-346 per share.
Blue Jet Healthcare is located in Mumbai. The company operates under the brand name "Blue Jet". It is offering products to innovator pharmaceutical companies and multinational generic pharmaceutical companies.
Over the past five decades, the company has developed more than 100 products, of which more than 40 have been commercialized, the company said. As of June 30, 2023, the company had three manufacturing facilities in Shahad, Ambernath, and Mahad in Maharashtra.
