Blue Jet Healthcare IPO vs Valiant Laboratories IPO

Comparision between Blue Jet Healthcare IPO and Valiant Laboratories IPO.

IPO Details

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

	Blue Jet Healthcare IPO	Valiant Laboratories 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	Unistone Capital Pvt Ltd
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 Valiant Laboratories IPO is up to ₹152.46 Cr. The final issue price of Blue Jet Healthcare IPO is ₹346.00 per share and of Valiant Laboratories IPO is ₹140.00 per share.

	Blue Jet Healthcare IPO	Valiant Laboratories IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹329.00 per share	₹133.00 per share
Issue Price (Upper)	₹346.00 per share	₹140.00 per share
Issue Price (Final)	₹346.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	43 shares	105 shares
Fresh Issue Size		1,08,90,000 shares
Fresh Issue Size (Amount)		up to ₹152.46 Cr
OFS Issue Size	2,42,85,160 shares
OFS Issue Size (Amount)	up to ₹840.27 Cr
Issue Size Total	2,42,85,160 shares	1,08,90,000 shares
Issue Size Total (Amount)	up to ₹840.27 Cr	up to ₹152.46 Cr

IPO Timetable

Blue Jet Healthcare IPO opens on Oct 25, 2023, while Valiant Laboratories IPO opens on Sep 27, 2023. The closing date of Blue Jet Healthcare IPO and Valiant Laboratories IPO is Oct 27, 2023, and Oct 03, 2023, respectively.

	Blue Jet Healthcare IPO	Valiant Laboratories IPO
Anchor Bid Date	Oct 23, 2023	Sep 26, 2023
Issue Open	Oct 25, 2023	Sep 27, 2023
Issue Close	Oct 27, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Oct 30, 2023	Oct 05, 2023
Initiation of Refunds (Tentative)	Oct 31, 2023	Oct 06, 2023
Credit of Share (Tentative)	Oct 31, 2023	Oct 06, 2023
Listing date (Tentative)	Nov 01, 2023	Oct 06, 2023
Anchor Lockin End date 1	Nov 29, 2023	Nov 04, 2023
Anchor Lockin End date 2	Jan 28, 2024	Jan 03, 2024

Financials

Blue Jet Healthcare IPO P/E ratio is 37.49, as compared to Valiant Laboratories IPO P/E ratio of 15.71.

Blue Jet Healthcare IPO

Valiant Laboratories 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

Valiant Laboratories IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	106.31	181.81	212.76
Revenue	183.78	293.47	338.77
Profit After Tax	30.59	27.50	29.00
Net Worth	88.58	71.46	100.49
Reserves and Surplus
Total Borrowing	0.35	60.68	59.40

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

100.00%

Promoter Shareholding (Post-Issue)

86%

74.94%

P/E Ratio

37.49

15.71

Market Cap

₹6001.90 Cr.

₹608.30 Cr.

ROE

26.60%%

33.73%%

ROCE

31.91%%

22.76%%

Debt/Equity

0.59

EPS

₹9.23

₹8.91

RoNW

23.48%%

28.86%%

Shares Offered

In the Blue Jet Healthcare IPO retail investors (RII) are offered 84,99,806 shares while in Valiant Laboratories 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 21,78,030 shares in Valiant Laboratories IPO.

	Blue Jet Healthcare IPO	Valiant Laboratories IPO
Anchor Investor Reserveration	72,85,548 shares	32,66,970 shares
Market Maker Reserveration
QIB	48,57,032 shares	21,78,030 shares
NII	36,42,774 shares	16,33,500 shares
RII	84,99,806 shares	38,11,500 shares
Employee	0 shares	0 shares
Others
Total	1,69,99,612 shares	76,23,030 shares

Bids Received (Subscription)

Blue Jet Healthcare IPO subscribed 7.95x in total, whereas Valiant Laboratories IPO subscribed 29.76x.

	Blue Jet Healthcare IPO	Valiant Laboratories IPO
QIB (times)	13.72x	20.83x
NII (times)	13.59x	73.64x
Big NII (times)	15.65x	78.64x
Small NII (times)	9.48x	63.64x
RII (times)	2.24x	16.06x
Employee (times)
Other (times)
Total (times)	7.95x	29.76x

Compare with others

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

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