Monday, November 12, 2007

Jyothi Laboratories IPO opening on Nov 22nd

Jyothi Laboratories Limited, an FMCG company (consumer goods) is in the business of manufacture and sale of fabric care, household insecticide, surface cleaning, personal care and air care products. Company offer branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products. Jyothi Laboratories manufacture its products through 21 manufacturing facilities in 14 locations across India. Company's key brands are Ujala, Maxo, Exo, Jeeva, and Maya. Ujala is among the oldest and top selling brand of the company and consists of fabric whitener, fabric stiffener and washing powder.

Company is entering the capital markets with an initial public offering, IPO of 4,430,260 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 620/- at lower level and Rs. 690/- at upper level for equity share of Rs. 5/-. The issue opens on Nov 22, 2007, and closes for subscription on Nov 27, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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