Jyothy Labs IPO : Jyothy Labs IPO opens on November 22
Jyothy Labs IPO : Jyothy Labs IPO opens on November 22
Jyothy Laboratories IPO - Jyothy Labs IPO has been set a price band of Rs 620-690
Jyothy Laboratories, the maker of household care and fabric care products including Ujala, has set a price band of Rs 620-690 for its initial public offering (IPO) of 44.3 lakh shares. This represents 30.52% of the post-issue paid-up capital of the company.
Shareholders selling stake in the IPO include South Asia Regional Fund, Canzone, ICICI Bank and CDC Investment Holdings. The remaining stake is held by founder chairman and managing director M P Ramachandran and his family.
The issue will be open between November 22 and November 27, 2007. Kotak Mahindra Capital and Enam Securities are the lead managers to the issue.
This will be the first FMCG IPO after a gap of two years. The last FMCG company to go public was the Kolkata-based Emami.
Jyothy Labs sales are pegged between Rs 400-500 crore. The company is said to have been valued at around Rs 1,000 crore
All other details about Jothy Labs IPO will be posted here.Will come soon with Analysis of Jyothy labs IPO.
