Jyothi Laboratories IPO Latest News Today

Jyothi Laboratories Limited IPO listing date & info:

IPO Listing Date: Wednesday, December 19, 2007
BSE Script Code: 532926
NSE Symbol: JYOTHYLAB
Listing in: B1 Group of Securities
ISIN: INE668F01023
Issue Price: Rs 690/- Per Equity Share
Face Value: Rs 5/- Per Equity Share

IPO Allotment Status is now available online for Jyothi Laboratories Limited.

Jyothi Laboratories Limited IPO was open on November 22, 2007 and closed on November 27, 2007. IPO was oversubscribed by 45.83 times (14.6718 times in retail).

Jyothi Laboratories Limited IPO final subscription detail is as below:

Qualified Institutional Buyers (QIBs): 66.4123 times oversubscribed
Non Institutional Investors: 49.8987 times oversubscribed
Retail Individual Investors (RIIs): 14.6718 times oversubscribed

Total Number of times issue is subscribed: 45.83

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).