Blue Jet Healthcare IPO vs Updater Services IPO

Comparision between Blue Jet Healthcare IPO and Updater Services IPO.

IPO Details

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

	Blue Jet Healthcare IPO	Updater Services 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	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
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 Updater Services IPO is up to ₹640.00 Cr. The final issue price of Blue Jet Healthcare IPO is ₹346.00 per share and of Updater Services IPO is ₹300.00 per share.

	Blue Jet Healthcare IPO	Updater Services IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹329.00 per share	₹280.00 per share
Issue Price (Upper)	₹346.00 per share	₹300.00 per share
Issue Price (Final)	₹346.00 per share	₹300.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	43 shares	50 shares
Fresh Issue Size		1,33,33,333 shares
Fresh Issue Size (Amount)		up to ₹400.00 Cr
OFS Issue Size	2,42,85,160 shares	80,00,000 shares
OFS Issue Size (Amount)	up to ₹840.27 Cr	up to ₹240.00 Cr
Issue Size Total	2,42,85,160 shares	2,13,33,333 shares
Issue Size Total (Amount)	up to ₹840.27 Cr	up to ₹640.00 Cr

IPO Timetable

Blue Jet Healthcare IPO opens on Oct 25, 2023, while Updater Services IPO opens on Sep 25, 2023. The closing date of Blue Jet Healthcare IPO and Updater Services IPO is Oct 27, 2023, and Sep 27, 2023, respectively.

	Blue Jet Healthcare IPO	Updater Services IPO
Anchor Bid Date	Oct 23, 2023	Sep 22, 2023
Issue Open	Oct 25, 2023	Sep 25, 2023
Issue Close	Oct 27, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Oct 30, 2023	Sep 28, 2023
Initiation of Refunds (Tentative)	Oct 31, 2023	Sep 29, 2023
Credit of Share (Tentative)	Oct 31, 2023	Oct 03, 2023
Listing date (Tentative)	Nov 01, 2023	Oct 04, 2023
Anchor Lockin End date 1	Nov 29, 2023	Oct 28, 2023
Anchor Lockin End date 2	Jan 28, 2024	Dec 27, 2023

Financials

Blue Jet Healthcare IPO P/E ratio is 37.49, as compared to Updater Services IPO P/E ratio of 44.31.

Blue Jet Healthcare IPO

Updater Services 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

Updater Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	579.49	874.57	1,216.95
Revenue	1,216.35	1,497.89	2,112.09
Profit After Tax	47.56	57.37	34.61
Net Worth	285.26	340.43	380.89
Reserves and Surplus
Total Borrowing	11.61	58.68	176.54

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

80.58%

Promoter Shareholding (Post-Issue)

86%

58.47%

P/E Ratio

37.49

44.31

Market Cap

₹6001.90 Cr.

₹2001.00 Cr.

ROE

26.60%%

9.40%%

ROCE

31.91%%

14.17%%

Debt/Equity

0.46

EPS

₹9.23

₹6.77

RoNW

23.48%%

9.34%%

Shares Offered

In the Blue Jet Healthcare IPO retail investors (RII) are offered 84,99,806 shares while in Updater Services 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 64,00,000 shares in Updater Services IPO.

	Blue Jet Healthcare IPO	Updater Services IPO
Anchor Investor Reserveration	72,85,548 shares	96,00,000 shares
Market Maker Reserveration
QIB	48,57,032 shares	64,00,000 shares
NII	36,42,774 shares	32,00,000 shares
RII	84,99,806 shares	21,33,333 shares
Employee	0 shares	0 shares
Others
Total	1,69,99,612 shares	1,17,33,333 shares

Bids Received (Subscription)

Blue Jet Healthcare IPO subscribed 7.95x in total, whereas Updater Services IPO subscribed 2.96x.

	Blue Jet Healthcare IPO	Updater Services IPO
QIB (times)	13.72x	4.50x
NII (times)	13.59x	0.89x
Big NII (times)	15.65x	1.07x
Small NII (times)	9.48x	0.53x
RII (times)	2.24x	1.45x
Employee (times)
Other (times)
Total (times)	7.95x	2.96x

Compare with others

Blue Jet Healthcare IPO	Updater Services IPO
Gandhar Oil Refinery India IPO	Mamaearth IPO
ASK Automotive IPO	Blue Jet Healthcare IPO
ESAF Small Finance Bank IPO	Protean eGov Technologies IPO
Cello World Limited IPO	IRM Energy IPO
Mamaearth IPO	Plaza Wires IPO
Protean eGov Technologies IPO	Valiant Laboratories IPO
IRM Energy IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Plaza Wires IPO	JSW Infrastructure IPO
Updater Services IPO	Sai Silks (Kalamandir) IPO
Valiant Laboratories IPO	Yatra Online IPO

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