Blue Jet Healthcare IPO subscribed 69% on first day of bidding process
"There are no comparable peers having product and business operations similar to Blue Jet Healthcare. At a higher price band, BJHL is demanding a TTM P/E multiple of 34X (to its TTM EPS of Rs 10.2), which is at a discount to the adjusted peer average. Thus, we assign a 'Subscribe' rating for the issue," Choice said.
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