Blue Jet Healthcare Unleashes OFS: A Strategic Move at Rs 675 Per Share!

Blue Jet Healthcare has officially launched its much-anticipated Offer For Sale (OFS), creating a significant stir among investors. The share sale commenced for non-retail investors on September 10, with a floor price strategically set at Rs 675 per equity share. This move is designed to offer a compelling entry point for investors looking to participate in the company's growth trajectory and capitalize on market opportunities.

The OFS involves the sale of a substantial 1.09 crore equity shares, amounting to an estimated Rs 735.75 crore based on the floor price.

This significant offering includes 0.545 crore shares each from promoters Akshay B. Arun and Shivanand B. Arun, marking their partial divestment in line with regulatory requirements. Retail investors will have their window of opportunity to subscribe on September 11, following the non-retail segment's initial offering.

A primary driver behind this OFS is Blue Jet Healthcare's commitment to meeting regulatory mandates, specifically the minimum public shareholding norm of 25 percent.

Prior to this offering, the public shareholding stood at 20.08 percent, with promoters holding 79.92 percent. This OFS is a crucial step towards enhancing liquidity and broadening the public float in the company, ensuring compliance and potentially increasing market interest.

The OFS structure ensures equitable distribution across various investor segments.

Ten percent of the total offering is reserved for retail investors, providing individual participants a chance to invest. Furthermore, institutional investors will see significant allocations: 25 percent for mutual funds, 25 percent for insurance companies, and a substantial 40 percent for other institutional investors.

This diverse allocation strategy aims to attract a wide range of investors and foster a robust shareholder base.

It's worth noting that Blue Jet Healthcare successfully debuted on the bourses in October 2023 through an Initial Public Offering (IPO), listing at a healthy premium of 9.9 percent above its issue price of Rs 346, reaching Rs 380.

The current market price, hovering around Rs 711.95 (as per recent data), positions the OFS floor price of Rs 675 at a slight discount, potentially making it an attractive proposition for new and existing investors seeking value. This OFS provides a fresh look at a company that has demonstrated strong performance since its market entry.