This is a shortened compounded version of hijo de puta, which literally translates to
son of a whore. ijueputa is said a lot in Colombia as well as euphemisms such as ijuapucha or ijuemadre (the latter literally translating to
son of a mother).
ijueputa is the equivalent of fuck in the sense it is said by itself
"Fuck!" "ijueputa" or with
something else
"This fucking car is too small"
"Esta ijueputa carro esta muy pequeño"