Indian pharma ingredients maker Blue Jet Healthcare plans IPO

Photo by Henk Vrieselaar on Unsplash

Mumbai-based pharmaceutical ingredients maker Blue Jet Healthcare is planning to tap the markets to raise funds, joining a long queue of specialty chemicals companies that have raised funds through IPOs in the last 18 months, said two people aware of the development.

The company is engaged in making ingredients such as saccharin and intravenous contrast dye used in medical X-rays, MRI, CT scans, angiography and ultrasound imaging.

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