Blue Jet Healthcare Launches OFS to Dilute Promoter Stake by Up to 6.83%

Blue Jet Healthcare Ltd has launched a two-day Offer for Sale (OFS) starting today, through which promoter Akshay Bansarilal Arora plans to offload up to 6.83% of his stake in the company. The move is aimed at complying with regulatory requirements mandating a minimum public shareholding of 25% in listed entities.

The offer includes a base issue of 3.42%, or approximately 59.26 lakh equity shares, with an option to additionally sell another 3.42% through oversubscription. At the floor price of ₹675 per share, the total deal size could reach up to ₹800 crore, offering a discount of 7.6%  compared to the previous closing price of ₹730.75.

The OFS will be conducted over two days, with non-retail investors able to place their bids on September 10 (T Day), including the option to carry forward any unallocated bids. Retail investors will be allowed to participate on September 11 (T+1), along with any rollover bids from the previous day.

As of June 30, 2025, the promoter group held a combined 86% stake in Blue Jet Healthcare. Akshay Arora holds 68.99%, while Shiven Akshay Arora and Archana Akshay Arora own 10.96% and 6.05%, respectively. The OFS is expected to help reduce the promoter holding closer to the regulatory ceiling of 75%.

The offer is being managed by ICICI Securities, Kotak Securities, Motilal Oswal Financial Services, and Nomura.