Blue Jet Healthcare

July 6 (Reuters) - Blue Jet Healthcare Ltd BLUJ.NS:

• BLUE JET HEALTHCARE - SETS QIP FLOOR PRICE AT 531.70 RUPEES PER EQUITY SHARE

Source text: ID:nBSEb9x4XL

Further company coverage: BLUJ.NS

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BENGALURU, May 25 (Reuters) - Diary of India economic, corporate events on May 25

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

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May 19 (Reuters) - Blue Jet Healthcare Ltd BLUJ.NS:

• BLUE JET HEALTHCARE LTD - TO CONSIDER FUNDRAISING VIA PREFERENTIAL ISSUE, QIP OR OTHER METHODS

Source text: ID:nBSE7KZlnM

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Feb 13 (Reuters) - Blue Jet Healthcare Ltd BLUJ.NS:

• BLUE JET HEALTHCARE DEC-QUARTER PROFIT 401.7 MILLION RUPEES

• BLUE JET HEALTHCARE DEC-QUARTER REVENUE FROM OPERATIONS 1.92 BILLION RUPEES

Source text: ID:nBSE8bC2Z4

Further company coverage: BLUJ.NS

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** Shares of India's Blue Jet Healthcare BLUJ.NS on course for their steepest 2-day percent decline since listing in November 2023

** Stock down 5% to 860 rupees on Wednesday, after falling 10% in the previous session

** Declines triggered by sequential qtrly profit drop, gross margin contracts to 48.4% from 54.7% Q/Q

** Pharma co's core profit undershot expectations on account of sharp Q/Q gross margin decline amid reduction of inventory levels - Emkay Research

** Brokerage says it is moderating gross margin assumptions for FY26, FY27; cuts TP to 1,050 rupees from 1,150 rupees

** Stock, rated "buy" by Emkay, is also rated "buy" on avg; with median TP at 965 rupees - data compiled by LSEG

** Stock up 52% YTD

(Reporting by Hritam Mukherjee in Bengaluru)

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July 15 (Reuters) - Blue Jet Healthcare Ltd BLUJ.NS:

• WITHDRAWS APPLICATION FOR PLOT ACQUISITION AT DAHEJ

Source text: ID:nNSE6f5CPq

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** Shares of Blue Jet Healthcare BLUJ.NS climb an exchange-allowed maximum of 10% to 630.2 rupees

** Drugmaker's Dec-qtr profit jumps three-fold to 989.83 mln rupees (~$11 mln)

** Stock set for busiest trading session in more than a month, volumes at 2.4x the 30-day avg

** Stock up ~12% so far in Jan, on track for biggest monthly rise since listing in Nov 2023

($1 = 86.5050 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Dec 17 (Reuters) - Blue Jet Healthcare Ltd BLUJ.NS:

• ACQUIRED SHARES OF BLUE JET HEALTHCARE FOR 75.4 MILLION RUPEES

Source text: ID:nBSE2qlT9j

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** Shares of India's Blue Jet Healthcare BLUJ.NS up 3.2% to 417 rupees after rising as much as 5.2% earlier in the session

** Drugmaker said it has started manufacturing at its facility in Ambernath, Maharashtra

** Co proposes to commercialize full scale production within next six months, existing capacity utilization is 70% of total

** YTD stock had risen 13.3%

(Reporting by Hritam Mukherjee in Bengaluru)

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Jan 4 (Reuters) - Blue Jet Healthcare Ltd BLUJ.NS:

• RECEIVED APPROVAL FROM MAHARASHTRA STATE ELECTRICITY DISTRIBUTION CO

• RECEIVED PERMISSION TO COMMISSION FOR SYNCHRONIZATION OF 5.615 MW PLANT CAPACITY IN 15 MW SOLAR PARK

Source text for Eikon: ID:nBSEbDK7XT

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Nov 9 (Reuters) - Blue Jet Healthcare Ltd BLUJ.NS:

• BLUE JET HEALTHCARE LTD - RECEIVED ORDER BY MAHARASHTRA POLLUTION CONTROL BOARD FOR CLOSURE OF ONE OF CO'S UNITS

• BLUE JET HEALTHCARE LTD - CANNOT RESUME MANUFACTURING ACTIVITY TILL FURTHER ORDERS FROM MPCB

Source text for Eikon: ID:nNSE2hm8ZR

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Nov 3 (Reuters) - Blue Jet Healthcare Ltd BLUJ.NS:

• FIRE INCIDENT OCCURRED ON NOVEMBER 3 AT COMPANY'S MAHAD PLANT

• CO IS IN PROCESS OF EVALUATING EXTENT OF DAMAGE CAUSED AND HAVE STARTED NECESSARY PROCEDURES

• FIRE WAS EXTINGUISHED WITHIN TIME WITH HELP OF FIRE DEPARTMENT

• COMPANY HAS ADEQUATE INSURANCE COVERAGE FOR ASSETS IN SAID PLANT.

Source text for Eikon: ID:nBSE2mMw1l

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By Rama Venkat

BENGALURU, Nov 1 (Reuters) - Indian kitchenware products maker Cello World's initial public offering (IPO) was oversubscribed by nearly 40 times, higher than similar IPOs recently, inviting bids worth 556.19 billion rupees ($6.7 billion), exchange data showed on Wednesday.

Investors bid for more than 858.3 million shares, compared with the 22 million shares on offer, with institutional investors showing the most interest, the data showed.

"Despite markets being on weaker note, Cello World offer received an overwhelming response, although retail investors remained cautious as IPO has only an offer for share sale from existing stakeholders," said Prashant Tapse, senior vice president (research) at Mehta Equities.

Cello World's shareholders -- including its promoters, an Indian market term for large shareholders who can influence company policy -- are selling stock worth 19 billion rupees in the IPO, while the company itself if not offering any shares.

Other IPOs where the company did not sell shares have seen tepid interest. For example, the IPOs of Blue Jet Healthcare BLUJ.NS, Mankind Pharma MNKI.NS and Concord Biotech CONB.NS were oversubscribed 7-27 times.

Cello World has set a price band of 617-648 rupees per share for the IPO. At the top end, it will be valued at 137.53 billion rupees, three times rival Borosil's BORS.BO market value and nearly seven times that of Stovekraft STVE.NS and Butterfly Gandhimathi Appliances BUTT.NS.

"On valuation, it seems the issue is reasonably priced, reflecting an expected revenue and profit growth," said Tapse.

The company's consolidated net profit jumped 25.2% year-over-year to 774.4 million rupees in the quarter ended June 30, while revenue rose 9%.

In that same period, Borosil's profit shrunk 62.5% due to higher raw material costs, while revenue climbed 16%.

Cello World is expected to list on the stock exchanges on Monday.

Kotak Mahindra Capital and ICICI Securities were among the lead IPO's managers.

($1 = 83.2840 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Savio D'Souza)

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