Blue Jet Healthcare OFS opens on Wednesday; promoter to sell up to 6.83% stake, floor price at Rs 675

Blue Jet Healthcare on Tuesday announced that its promoter Akshay Bansarilal Arora will sell his shares via an offer for sale (OFS) which will open on Wednesday. Arora will sell up to 59,25,925 equity shares representing 3.42% of the company’s total paid-up equity capital. In addition, he may exercise an oversubscription option of the same size, taking the total offer size to 6.83% of the company’s equity share capital.

The floor price for the offer has been set at Rs 675 per equity share which is at a discount of 8.2% over today’s closing price of Rs 730.55 on the NSE.

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

Shares will be offered only in dematerialised form in accordance with OFS guidelines, the company filing issued to the exchanges said.

Bansarilal’s stake in the company stood at 68.99% as on June 30, 2025.

About the OFS

The Offer will be conducted through a separate OFS window provided by NSE and BSE, with ICICI Securities, Kotak Securities, Motilal Oswal Financial Services, and Nomura Financial Advisory & Securities (India) acting as the seller’s brokers.

Blue Jet Healthcare is a global, science-led, pharmaceutical company which evolved as a strategic partner for collaboration, development and manufacturing of advanced pharmaceutical intermediates and API.

The OFS comes on the back of a rally of 40% over the last one year. In 2025, the returns are to the tune of 27%.

Blue Jet’s share price has been under pressure over the last six months, declining nearly 13% in the said period.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)