The anchor book for the issue will open on October 23, the company said.
Since the IPO is completely an OFS, the entire proceeds will go to the selling shareholders, and the company will not receive any funds from the issue.
The maiden public issue is expected to fetch Rs 799 crore and Rs 840.27 crore at the lower and upper ends of the price band, respectively.
Investors can bid for a minimum of 43 equity shares and in multiples of 43 equity shares thereafter.
The Mumbai-based firm, which operates under the "Blue Jet" brand name, is offering niche products targeted towards innovator pharmaceutical companies and multinational generic pharmaceutical companies. Its business model focuses on the collaboration, development and manufacturing of complex chemistry categories.
Over the past five decades, the company has developed over 100 products, of which over 40 have been commercialised.
As of June 30, 2023, the company had three manufacturing facilities in Shahad, Ambernath, and Mahad in Maharashtra. Further, in its efforts to expand the capacity in FY21, it acquired a "greenfield" industrial facility on a leasehold basis in Ambernath.
In FY22, 76 per cent of the company's income came from Europe, followed by India (17.14 per cent), the US (4.18 per cent), and some other countries.
Kotak Mahindra Capital Company Ltd, ICICI Securities Ltd and JP Morgan India Pvt Ltd are the book running lead managers to the issue.
The equity shares of Blue Jet Healthcare are proposed to be listed on the BSE and the NSE.