Blue Jet Healthcare IPO vs ESAF Small Finance Bank IPO

Comparision between Blue Jet Healthcare IPO and ESAF Small Finance Bank IPO.

IPO Details

Blue Jet Healthcare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while ESAF Small Finance Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Blue Jet Healthcare IPO	ESAF Small Finance Bank 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	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Nuvama Wealth Management 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 ESAF Small Finance Bank IPO is up to ₹463.00 Cr. The final issue price of Blue Jet Healthcare IPO is ₹346.00 per share and of ESAF Small Finance Bank IPO is ₹60.00 per share.

	Blue Jet Healthcare IPO	ESAF Small Finance Bank IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹329.00 per share	₹57.00 per share
Issue Price (Upper)	₹346.00 per share	₹60.00 per share
Issue Price (Final)	₹346.00 per share	₹60.00 per share
Discount (Retail)
Discount (Employee)		₹5.00 per share
Market Lot Size	43 shares	250 shares
Fresh Issue Size		6,51,16,667 shares
Fresh Issue Size (Amount)		up to ₹390.70 Cr
OFS Issue Size	2,42,85,160 shares	1,20,50,000 shares
OFS Issue Size (Amount)	up to ₹840.27 Cr	up to ₹72.30 Cr
Issue Size Total	2,42,85,160 shares	7,71,66,667 shares
Issue Size Total (Amount)	up to ₹840.27 Cr	up to ₹463.00 Cr

IPO Timetable

Blue Jet Healthcare IPO opens on Oct 25, 2023, while ESAF Small Finance Bank IPO opens on Nov 03, 2023. The closing date of Blue Jet Healthcare IPO and ESAF Small Finance Bank IPO is Oct 27, 2023, and Nov 07, 2023, respectively.

	Blue Jet Healthcare IPO	ESAF Small Finance Bank IPO
Anchor Bid Date	Oct 23, 2023	Nov 02, 2023
Issue Open	Oct 25, 2023	Nov 03, 2023
Issue Close	Oct 27, 2023	Nov 07, 2023
Basis Of Allotment (Tentative)	Oct 30, 2023	Nov 08, 2023
Initiation of Refunds (Tentative)	Oct 31, 2023	Nov 08, 2023
Credit of Share (Tentative)	Oct 31, 2023	Nov 09, 2023
Listing date (Tentative)	Nov 01, 2023	Nov 10, 2023
Anchor Lockin End date 1	Nov 29, 2023	Dec 08, 2023
Anchor Lockin End date 2	Jan 28, 2024	Feb 06, 2024

Financials

Blue Jet Healthcare IPO P/E ratio is 37.49, as compared to ESAF Small Finance Bank IPO P/E ratio of 8.94.

Blue Jet Healthcare IPO

ESAF Small Finance Bank 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

ESAF Small Finance Bank Limited Financial Information (Restated)

ESAF Small Finance Bank Limited's revenue increased by 46.29% and profit after tax (PAT) rose by 452.39% 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	20,795.94	20,223.66	17,707.56	12,338.65
Revenue	991.78	3,141.57	2,147.51	1,768.42
Profit After Tax	129.96	302.33	54.73	105.40
Net Worth	1,839.09	1,709.13	1,406.80	1,352.06
Reserves and Surplus	1,389.62	1,259.66	957.32	902.59
Total Borrowing	2,739.13	3,354.20	2,952.83	1,694.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

74.43%

Promoter Shareholding (Post-Issue)

86%

59.74%

P/E Ratio

37.49

8.94

Market Cap

₹6001.90 Cr.

₹3087.54 Cr.

ROE

26.60%%

ROCE

31.91%%

Debt/Equity

EPS

₹9.23

₹6.73

RoNW

23.48%%

17.69%%

Shares Offered

In the Blue Jet Healthcare IPO retail investors (RII) are offered 84,99,806 shares while in ESAF Small Finance Bank 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 1,50,16,669 shares in ESAF Small Finance Bank IPO.

	Blue Jet Healthcare IPO	ESAF Small Finance Bank IPO
Anchor Investor Reserveration	72,85,548 shares	2,25,24,998 shares
Market Maker Reserveration
QIB	48,57,032 shares	1,50,16,669 shares
NII	36,42,774 shares	1,12,62,500 shares
RII	84,99,806 shares	2,62,79,167 shares
Employee	0 shares	22,83,653 shares
Others
Total	1,69,99,612 shares	5,48,41,989 shares

Bids Received (Subscription)

Blue Jet Healthcare IPO subscribed 7.95x in total, whereas ESAF Small Finance Bank IPO subscribed 77.00x.

	Blue Jet Healthcare IPO	ESAF Small Finance Bank IPO
QIB (times)	13.72x	182.66x
NII (times)	13.59x	88.81x
Big NII (times)	15.65x	96.51x
Small NII (times)	9.48x	73.41x
RII (times)	2.24x	17.86x
Employee (times)		4.59x
Other (times)
Total (times)	7.95x	77.00x

Compare with others

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

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