Blue Jet Healthcare IPO
Blue Jet Healthcare Limited
Minimum investment
Blue Jet Healthcare IPO Details
Bidding date
25 Oct - 27 Oct 2023
Price range
—
Minimum quantity
43
Minimum investment
₹14,147
Issue size
—
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Blue Jet Healthcare IPO Dates & Timeline
About Blue Jet Healthcare IPO: Company Overview
Blue Jet Healthcare is a speciality pharmaceutical and healthcare ingredients and intermediates company, offering niche products to innovator pharmaceutical companies and multinational generic pharmaceutical companies.
Since its incorporation in 1968, they have established a contract development and manufacturing organization (CDMO) business model (which provides critical ingredients to other pharma companies) in contrast media intermediates and high intensity sweeteners.
Contrast media is used in medical imaging and scans. Sweetners are used in pharma, beverages, personal care, confectionery and food industry.
Company operates in three product categories: (i) contrast media intermediates, (ii) high intensity sweeteners, and (iii) pharma intermediates and active pharmaceutical ingredients (APIs).
ABOUT THE INDUSTRY
The global pharma formulation market is estimated at USD 1,381 billion and is expected to grow at a CAGR of 5-6% to reach USD 1,700 billion by 2027.
The size of the global contrast-media formulations market is approx USD 5.9 billion and forecasted to grow at a CAGR of 6-8% between 2023-2025. Growing population and changing demographics, lifestyle diseases, rising healthcare expenditure, focus on early diagnosis and preventive care are factors for growth for this segment.
The global high-intensity sweetener market is estimated to be USD 3 billion in size and estimated to grow at a CAGR of 6% to 7% over next 5 years due to growing rate of diabetes and obesity, shifting consumer preference and rising urbanization.
Strengths & Risks of Blue Jet Healthcare IPO
Large Manufacturer: Blue Jet Healthcare is a large manufacturer of contrast media intermediates in India, with over 20 years experience in this segment. They supply critical ingredients to three of the largest contrast media manufacturers in the world, including GE Healthcare AS, Guerbet Group, and Bracco Imaging.
Niche Segment : Blue Jet Healthcare strategically focuses on complex chemistry categories in both the contrast media intermediate and high-intensity sweetener categories with high barriers to entry.
Long-standing Relationships: They have strong relationships with customers. They enter into annual and multi-year supply contracts providing strong predictability of order book revenue, and cashflow. More than 70% of our total sales is backed by annual or multi year contracts.
R&D Capability: They have a strong in-house govt recognised R&D centre. Over the past 50 years, they have developed over 100 products, with over 40 products commercialized.
Manufacturing Facilities: They have 3 manufacturing facilities in Maharashtra. These facilities have received accreditation from various regulatory agencies. In particular, one facility has been subject to US-FDA inspections in the FY 2018, and it received the USFDA establishment inspection report.
Geographic Concentration: They are dependent on Europe and the United States, which are regulated markets, for a significant portion of our revenue from operations. Any change in regulation can impact business.
Raw Material Sourcing: They depend on a limited number of raw material suppliers and three largest suppliers are located in China, Norway and India. Any delay or interruption in the supply or transportation of raw materials or cost increase can impact operations.
Foreign Exchange Risk: A significant portion of their total revenue from operations is denominated in currencies other than Indian Rupees, which exposes the business to forex fluctuation risk.
Government Regulations: Pharma industry is subject to extensive government regulations and if they fail to obtain or renew the required statutory licenses, permits and approvals, the business and cash flows may be adversely affected.
How to Apply for Blue Jet Healthcare IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
FAQs: Blue Jet Healthcare IPO
