letmeget.com

  • home
  • editor's pick
  • news
  • entertainment
  • technology
  • business & finance
  • education
  • website pedia
  • contact us

Jaypee Infratech IPO opens on Apr 29 - Latest news

FaceBookTwitter

On April 29, 2010,  Jaypee Infratech (part of Jaypee Group) is going to list in Capital market with a public issue, according to reports of CNBC-TV18. Maximum of Rs 23.5 billion (USD 530 million) is being aimed to rise by them. Good response has been received from investors by the the initial public offering (IPO) of Jaypee Infratech and got subscribed 69 per cent in the first three hours of its opening day. It is the latest news.


On Friday, the company sources said, the public issue will close on May 4. With an issue size of six crore equity shares of Rs 10 each, the company is coming out with its IPO. The price band for issue at Rs 102-117 a share has been fixed by Infrastructure Development Company. The shares will be gotten at 5% discount to issue price by retail investors.

Jaypee Infratech Limited (JIL) is an Indian infrastructure development company. It was established in 2007 and occupied in the development of the Yamuna Expressway and related real estate projects. In the state of Uttar Pradesh, connecting Noida and Agra, for special purpose to develop, operate and maintain the Yamuna Expressway the company was incorporated by Jaypee Group. Along the Yamuna River, the Yamuna Expressway is a 165-kilometre access-controlled six-lane concrete pavement expressway; it may be broadened to an eight-lane expressway.

As per the lower and the upper end of the price band, respectively, Rs 2,262 core and Rs 2,352 crore is hoped to rise by the company through this public issue. Though, Rs 1,650 crore out of the total proceeds will be received by Jaypee Infratech and the balance will go to the holding company -- JP Associates Ltd (JAL).

The book running lead managers to the issue are Morgan Stanley India Company Private Limited, DSP Merrill Lynch Limited, Axis Bank Limited, Enam Securities Private Limited, ICICI Securities Limited, IDFC – SSKI Limited, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited. The registrar is Karvy Computer share Private Limited.

The IPO Grade 3 indicating average fundamentals has been assigned by CRA. CARE has assigned the CARE IPO Grade 3 indicating average fundamentals. The equity shares offered via the RHP of the company are proposed to be listed on the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange Limited (BSE).

You Might Also Like :

  • Godrej Properties Limited IPO - Allotment Status, Listing & Refund
  • Easter 2010 : Australia Holiday Dates
  • 2012 Public Holidays List published by MOM
  • Jamb UTME Results 2010 Released : Check Your results
  • Login to Angel Broking Backoffice at Angelbackoffice.com
  • Safest cars of 2010 for teenagers & seniors

ShareThis : FaceBook Twitter MySpace GBuzz Google Email More
  • Read More About :
  • IPO
  • stock
  • News


  • admin's blog
  • Add new comment

Search on Letmeget.com

Powered by

Recent blog posts

  • iPhone 4S Cases with Amazing Designs
  • Fly Firebird IQ270: Specs & Price of Dual-SIM Android Phone
  • New 2012 Bajaj Pulsar: Price, Specs & First Ride Review
  • Types of Technology Used in the Classroom
  • A Guide to Add Pinterest into Facebook Timelines
  • Websites that redefined the Internet world
  • Datawind Ubislate 7+: Specs & Photos of Budget Android Slate coming to UK
  • Samsung Galaxy S III: Specifications, Release date & Review
  • Topic to discuss with life partner before marriage
  • Top Ten Proven Signs She's Interested in you: Relationship Tips
more

Recently Discussed Articles

  • this is awesome TV show......
    2 weeks 4 days ago
  • Dude if you think thats
    3 weeks 1 day ago
  • bhuvana
    11 weeks 4 days ago
  • Snoring Mouthpieces
    11 weeks 6 days ago
  • Wow she is really phenomenal.
    13 weeks 18 hours ago
  • reply to bheem
    16 weeks 4 days ago
  • Boss Orange Man (60ml Verpackt)
    17 weeks 6 days ago
  • airtel data card cost
    17 weeks 6 days ago
  • ONLINE RESERVATION
    18 weeks 2 days ago
  • chota bheem
    18 weeks 3 days ago
Home    |     About Us     |     Contact Us    |     Privacy Policy                Copyright © 2009 LetMeGet.com.