Blue Jet Healthcare IPO vs Mamaearth IPO

Comparision between Blue Jet Healthcare IPO and Mamaearth IPO.

IPO Details

Blue Jet Healthcare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Mamaearth IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Blue Jet Healthcare IPO	Mamaearth IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Kotak Mahindra Capital Company Limited ICICI Securities Limited J.P. Morgan India Private Limited	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited Jm Financial Limited J.P. Morgan India Private Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Blue Jet Healthcare IPO is up to ₹840.27 Cr whereas the issue size of the Mamaearth IPO is up to ₹1,701.44 Cr. The final issue price of Blue Jet Healthcare IPO is ₹346.00 per share and of Mamaearth IPO is ₹324.00 per share.

	Blue Jet Healthcare IPO	Mamaearth IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹329.00 per share	₹308.00 per share
Issue Price (Upper)	₹346.00 per share	₹324.00 per share
Issue Price (Final)	₹346.00 per share	₹324.00 per share
Discount (Retail)
Discount (Employee)		₹30.00 per share
Market Lot Size	43 shares	46 shares
Fresh Issue Size		1,12,68,580 shares
Fresh Issue Size (Amount)		up to ₹365.00 Cr
OFS Issue Size	2,42,85,160 shares	4,12,48,162 shares
OFS Issue Size (Amount)	up to ₹840.27 Cr	up to ₹1,336.40 Cr
Issue Size Total	2,42,85,160 shares	5,25,16,742 shares
Issue Size Total (Amount)	up to ₹840.27 Cr	up to ₹1,701.44 Cr

IPO Timetable

Blue Jet Healthcare IPO opens on Oct 25, 2023, while Mamaearth IPO opens on Oct 31, 2023. The closing date of Blue Jet Healthcare IPO and Mamaearth IPO is Oct 27, 2023, and Nov 02, 2023, respectively.

	Blue Jet Healthcare IPO	Mamaearth IPO
Anchor Bid Date	Oct 23, 2023	Oct 30, 2023
Issue Open	Oct 25, 2023	Oct 31, 2023
Issue Close	Oct 27, 2023	Nov 02, 2023
Basis Of Allotment (Tentative)	Oct 30, 2023	Nov 06, 2023
Initiation of Refunds (Tentative)	Oct 31, 2023	Nov 06, 2023
Credit of Share (Tentative)	Oct 31, 2023	Nov 06, 2023
Listing date (Tentative)	Nov 01, 2023	Nov 07, 2023
Anchor Lockin End date 1	Nov 29, 2023	Dec 06, 2023
Anchor Lockin End date 2	Jan 28, 2024	Feb 04, 2024

Financials

Blue Jet Healthcare IPO P/E ratio is 37.49, as compared to Mamaearth IPO P/E ratio of .

Blue Jet Healthcare IPO

Mamaearth IPO

Financial

Blue Jet Healthcare Limited Financial Information (Restated Standalone)

Blue Jet Healthcare Limited's revenue increased by 5.98% and profit after tax (PAT) dropped by -11.88% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022
Assets	903.80	862.07	713.38
Revenue	184.60	744.94	702.88
Profit After Tax	44.12	160.03	181.59
Net Worth	725.68	681.49	521.54
Reserves and Surplus	690.99	646.79	486.85
Total Borrowing
Amount in ₹ Crore

Honasa Consumer Limited Financial Information (Restated Consolidated)

Honasa Consumer Limited's revenue increased by 57.13% and profit after tax (PAT) dropped by -1145.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,048.03	966.42	1,035.01	302.64
Revenue	477.10	1,515.27	964.35	472.10
Profit After Tax	24.72	-150.97	14.44	-1,324.61
Net Worth	638.26	605.90	705.62	-1,765.14
Reserves and Surplus	-1,290.94	-1,323.32	-1,087.33
Total Borrowing	6.79	3.61	3.59
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

37.41%

Promoter Shareholding (Post-Issue)

86%

35.34%

P/E Ratio

37.49

Market Cap

₹6001.90 Cr.

₹10425.00 Cr.

ROE

26.60%%

ROCE

31.91%%

Debt/Equity

EPS

₹9.23

₹4.66

RoNW

23.48%%

-23.57%%

Shares Offered

In the Blue Jet Healthcare IPO retail investors (RII) are offered 84,99,806 shares while in Mamaearth IPO retail investors are offered 84,99,806 shares. Qualified institutional buyers (QIB) are offered 48,57,032 shares in Blue Jet Healthcare IPO and 1,57,44,820 shares in Mamaearth IPO.

	Blue Jet Healthcare IPO	Mamaearth IPO
Anchor Investor Reserveration	72,85,548 shares	2,36,17,228 shares
Market Maker Reserveration
QIB	48,57,032 shares	1,57,44,820 shares
NII	36,42,774 shares	78,72,409 shares
RII	84,99,806 shares	52,48,272 shares
Employee	0 shares	34,013 shares
Others
Total	1,69,99,612 shares	2,88,99,514 shares

Bids Received (Subscription)

Blue Jet Healthcare IPO subscribed 7.95x in total, whereas Mamaearth IPO subscribed 7.61x.

	Blue Jet Healthcare IPO	Mamaearth IPO
QIB (times)	13.72x	11.50x
NII (times)	13.59x	4.02x
Big NII (times)	15.65x	4.85x
Small NII (times)	9.48x	2.36x
RII (times)	2.24x	1.35x
Employee (times)		4.88x
Other (times)
Total (times)	7.95x	7.61x

Compare with others

Blue Jet Healthcare IPO	Mamaearth IPO
Gandhar Oil Refinery India IPO	Fedbank Financial Services IPO
ASK Automotive IPO	Gandhar Oil Refinery India IPO
ESAF Small Finance Bank IPO	ASK Automotive IPO
Cello World Limited IPO	ESAF Small Finance Bank IPO
Mamaearth IPO	Cello World Limited IPO
Protean eGov Technologies IPO	Blue Jet Healthcare IPO
IRM Energy IPO	Protean eGov Technologies IPO
Plaza Wires IPO	IRM Energy IPO
Updater Services IPO	Plaza Wires IPO
Valiant Laboratories IPO	Updater Services IPO

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