• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Paul Noronha

Mr M.P. Ramachandran, CMD, Jyothy Laboratories Ltd, with Ms M.R. Jyothy, ED, at a press conference in Mumbai on Tuesday. —

Our Bureau

Mumbai, Nov. 13 Jyothy Laboratories Ltd, a fast moving consumer goods (FMCG) company, proposes to enter the capital market with an initial public offering of 44.30 lakh equity shares of Rs 5 each through an offer for sale by the selling shareholders, which include Canzone Ltd, ICICI Bank Canada, ICICI Bank UK Plc, South Asia Regional Fund and CDC Investment Holdings Ltd.

The offer for sale is for cash at a price to be decided through a 100 per cent book building process, which opens on November 22 and will close on November 27.

The price band has been fixed at Rs 620- 690.

Of the total issue, not more than 50 per cent of the offer will be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIB’s), out of which five per cent will be available for allocation on a proportionate basis to Mutual Funds only. Further at least 15 per cent of the offer will be available for allocation on a proportionate basis to non institutional bidders and at least 35 per cent of the offer will be available for allocation on a proportionate basis to Retail Individual Bidders. The offer will constitute 30.52 per cent of the fully diluted post-offer paid up capital of the company and the promoters will continue to hold 69.48 per cent. The equity shares are proposed to be listed on BSE and NSE.

The company plans to raise between Rs 274.67 - 305.68 crore.

The FMCG company deals in fabric care, household insecticide, surface cleaning, personal care and air care businesses and also offers branded products including fabric whitener, mosquito repellent, dish washing, bath and incense products.

Kotak Mahindra Capital Company Ltd and Enam Securities Pvt Ltd are the book running lead managers.

More Stories on : IPOs | Personal Products

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Corporate developments

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line