Tuesday, November 13, 2007

Jyothy Labs sets Rs 620-690 per share IPO price band



Household care products maker Jyothy Laboratories Ltd on Tuesday set a price band of 620-690 rupees for its initial public offering of 4.43 million shares, representing 30.52 percent of the post issue paid up capital. The company makes fabric care brand 'Ujala'.

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

Kotak Mahindra Capital and Enam Securities are the lead managers to the issue that is open between Nov. 22 and Nov. 27.


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