In today’s briefing:
- Blue Jet Healthcare IPO: Niche Offering and Long-Standing Customer Relationship Are Key Positives
Blue Jet Healthcare IPO: Niche Offering and Long-Standing Customer Relationship Are Key Positives
- Blue Jet Healthcare Ltd (BJHC IN) is a CDMO focusing on specialty pharmaceutical and healthcare ingredients and intermediates. The company targets to raise $100M from its upcoming India IPO.
- The IPO, which will open for subscription on October 25, consists of OFS of 24.3M shares by two of the promoters. The price range has been fixed at INR329–346/share.
- Blue Jet enjoys a competitive advantage in the global contrast media market through established customer relationships with the top contrast media manufacturers. The company is on a capacity expansion spree.