Blue Jet Healthcare OFS opens on Wednesday; Promoter to sell a maximum of 6.83%, floor price on RS 675

Blue Jet Healthcare OFS opens on Wednesday; Promoter to sell a maximum of 6.83%, floor price on RS 675

Blue Jet Healthcare announced on Tuesday that his promoter Akshay Bansarilal Arora will sell his shares through an offer for sale (OFS) that will be opened on Wednesday. Arora will sell a maximum of 59.25.925 shares that represent 3.42% of the total share capital of the company. Moreover, he can exercise an oversub -subsional option of the same size, which means that the total offer size is brought to 6.83% of the company’s share capital.

The floor price for the offer is set at RS 675 per share of equity, which has a discount of 8.2% compared to today’s final race of RS 730.55 on the NSE.

The issue will be opened on 10 September for non-retail investors and retail investors can subscribe to the shares on 11 September.

Shares will only be offered in dematerialized form in accordance with OFS guidelines, according to the company application issued to the stock exchanges.

The importance of Bansarilal in the company was 68.99% on 30 June 2025.

About the OFS

The offer will be carried out via a separate OKS window supplied by NSE and BSE, with ICICI Securities, Kotak Securities, Motilal Oswal Financial Services and Nomura Financial Advisory & Securities (India) that acts as the seller’s brokers.

Blue Jet Healthcare is a worldwide, led by science, pharmaceutical company that evolved as a strategic partner for cooperation, development and production of advanced pharmaceutical intermediates and API.

The OFS will be on the back of a 40%meeting last year. In 2025 the return on an amount of 27%.

The stock price of Blue Jet has been put under pressure in the past six months and fell almost 13% in the mentioned period.

(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)

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