Jyothy Labs Sets “IPO” Price Band

Jyothy Laboratories Ltd on Tuesday has finally set a price band of 620-690 Jyothy_Labsrupees for per equity share.

The Company is entering the capital markets with an initial public offering – IPO of 4,430,260 Equity Shares of Rs. 5 each, for cash, at a premium to be decided through a 100% Book Built Issue.

The issue will be open between November 22 and November 27, 2007.
Jyothy Laboratories Ltd. is leading manufacturer of fabric care products, ayurvedic products, herbal products, air care products, and mosquito repellent products. The company is very popular in the market due to its fabric whitener, “Ujala”.

Selling shareholders include Canzone Ltd, ICICI Bank, South Asia Regional Fund, and CDC Investment Holdings.

Enam Securities Pvt Ltd and Kotak Mahindra Capita Company Ltd are the book running lead managers, and Intime Spectrum Registry Limited is the registrar to the issue.

Business News: