CDMO firm Blue Jet Healthcare's Rs 840-Cr IPO subscribed nearly 8 times

The initial public offering (IPO) of Blue Jet Healthcare - a contract development and manufacturing organization (CDMO) business with specialized chemistry capabilities - was subscribed 7.94 times. The QIB category was subscribed the most at 13.72 times, followed by the NII part at 13.52 times. The retail portion was the least booked at 2.22 times. The IPO was priced in the range of INR 329-346 per equity share and at the upper end, the company plans to raise about Rs 840 crore. Kotak Investment Banking, ICICI Securities and JP Morgan are the book-running lead managers to the issue.