Jyothi Laboratories IPO : Consumers goods company Jyothi Laboratories will enter the capital markets with an offer for sale by the existing share holders of the company to an extent of 4,430,260 equity shares of Rs. 5 each with an price band of Rs. 620 to Rs. 690.
Jyothi Laboratories IPO Details :
IPO Opening Date : 22nd November, 2007.
IPO Closing Date : 27th November, 2007.
IPO Offer Price : Rs 620 - 690.
About Jyothi Laboratories : The company manufactures and sells fabric care products, personal care products and other household products through its 21 manufacturing facilities in 14 locations spread around India.
Notable products of the company’s portfolio include Ujala, Maxo, Jeeva. Among thes products Ujala is the top selling brand.
Financials : Company’s profit after tax was Rs. 398.85 million for the year ended June 30, 2006 and Rs. 395.69 million and Rs. 301.84 million for the nine months ending March 31, 2007 and 2006, respectively.
Jyothi Laboratories Crisil Grading : The company’s IPO has been assigned ‘CARE IPO Grade 4′ by the Credit Rating Agency which indicates above average fundamentals.
Book Running Lead Manager to the Jyothi Laboratories IPO is Kotak Mahindra Capital and Enam Financial Consultants Private Limited
Jyothi Laboratories IPO subscription and Allotment details will be updated regularly over here , so keep visiting .
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