Friday, 20 October 2017

Jyothy Laboratories Limited IPO opens November 22

Price Band fixed between Rs. 620 and Rs. 690 per equity share

Mumbai,  (IndiaPRwire) Jyothy Laboratories Limited, a fast moving consumer goods company is entering the capital market with an initial public offering  of 4,430,260 equity shares of Rs. 5 each through an Offer for Sale by the Selling Shareholders for cash at a price to be decided through a 100% book-building process (the “Offer”). The Bid/ Offer will open on November 22, 2007, and will close on November 27, 2007. The Price Band has been fixed between Rs. 620 and Rs. 690 per equity share.
The Offer will constitute 30.52% of the fully diluted post-Offer paid-up capital of the Company. The Selling Shareholders includes Canzone Limited, ICICI Bank Canada, ICICI Bank UK PLC, South Asia Regional Fund and CDC Investment Holdings Limited. Of the total equity float, not more than 50% of the Offer will be available for allocation on a proportionate basis to Qualified Institutional Buyers, out of which 5% will be available for allocation on a proportionate basis to Mutual Funds only. Further, at least 15% of the Offer will be available for allocation on a proportionate basis to Non-Institutional Bidders and at least 35% of the Offer will be available for allocation on a proportionate basis to Retail Individual Bidders. The equity shares are proposed to be listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited .
The Company is a fast moving consumer goods company in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market and offer branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Kotak Mahindra Capital Company Limited and Enam Securities Private Limited are the Book Running Lead Managers  to the Offer.