BLUEJET

Jan 29 (Reuters) - Blue Jet Healthcare Ltd BLUJ.NS:

• DEC-QUARTER PROFIT 989.8 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 3.18 BILLION RUPEES

• BOARD APPROVES INVESTMENTS OF UP TO 400 MILLION RUPEES FOR RESEARCH AND DEVELOPMENT FACILITY

Source text: ID:nBSE57qK0s

Further company coverage: BLUJ.NS

(([email protected];;))

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

• ACQUIRED SHARES OF BLUE JET HEALTHCARE FOR 75.4 MILLION RUPEES

Source text: ID:nBSE2qlT9j

Further company coverage: BLUJ.NS

(([email protected];;))

** 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)

(([email protected];))

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

Further company coverage: BLUJ.NS

(([email protected];))

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

Further company coverage: BLUJ.NS

(([email protected];))

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

Further company coverage: BLUJ.NS

(([email protected];))

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)

(([email protected]; https://twitter.com/ramavenkat0607; +91 8095218099;))