Wednesday, December 19, 2007

Jyothy Laboratories lists at 30% premium

MUMBAI: Shares of Jyothy Laboratories listed at Rs 895, premium of Rs 205 or 29.71 per cent, against issue price of Rs 690 on the National Stock Exchange.

At 9.59 am, the share was trading at Rs 767.20, up Rs 77.20 or 11.19 per cent. Around 7,25,987 shares exchanged hands in the counter. It touched a high of Rs 895 and low of Rs 741.15.

On the BSE, it was at Rs 760, up 10.14 per cent or Rs 70 on volume of 3,33,433 shares. It touched a high of Rs 880 and low of Rs 755 in trade so far.

Jyothy Laboratories raised Rs 305.67 crore via initial public offer of over 44 lakh shares to invest in capital expenditure as well as strengthen distribution and marketing network.

Its investors including Canzone Limited, ICICI Bank Canada, ICICI Bank UK PLC, South Asia Regional Fund and CDC Investment Holdings have sold their stakes through this offer.

The company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market

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