Jyothy Laboratories witnessed good buying interest today. It has opened at Rs 895 (an intraday high) but due to profit booking, it fell to a low of Rs 741.15 in an intraday trade. The stock had remained below Rs 800 through the day.
It closed the day a Rs 780, a premium of 13.04% over its issue price of Rs 690 on the NSE. The stock traded with volumes of 51,36,540 shares and the turnover was at Rs 406 crore.
The stock had opened at Rs 799 and touched a high/low of Rs 880 & Rs 752.60 on the BSE. It ended at Rs 793.70, with volumes of 36,65,127 shares.
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Source: Moneycontrol.com
Showing posts with label Jyothy Laboratories IPO. Show all posts
Showing posts with label Jyothy Laboratories IPO. Show all posts
Wednesday, December 19, 2007
Jyothy Labs debuts with 30% premium
Jyothy Laboratories has listed with premium of 29.71% at Rs 895 as against its issue price of Rs 690 on the NSE. The stock has touched a low of Rs 757.55.
It was trading at Rs 764, up 10.72%, with volumes of 4,89,307 shares. The turnover was at Rs 40 crore.
The shares opened at Rs 799 on the BSE and hit a high of Rs 880 in early trade. But some profit booking has pulled the stock to Rs 768, an intraday low. It was quoting at Rs 769, with volumes of 3,10,721 shares.
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Source: Moneycontrol.com
It was trading at Rs 764, up 10.72%, with volumes of 4,89,307 shares. The turnover was at Rs 40 crore.
The shares opened at Rs 799 on the BSE and hit a high of Rs 880 in early trade. But some profit booking has pulled the stock to Rs 768, an intraday low. It was quoting at Rs 769, with volumes of 3,10,721 shares.
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Source: Moneycontrol.com
Tuesday, December 18, 2007
Jyothy Labs likely to lists around Rs 1000
After an excellent response to the public issue, Jyothy Laboratories will list on the bourses on December 19, 2007. The offer price has been fixed at Rs 690 per share.
R S Iyer of K R Choksey Securities told Moneycontrol.com, "Jyothy Labs is expected to list around Rs 1000. One, who has a capacity to hold stock till Rs 1200, can hold. Above Rs 1200, one should book profits."
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
Jyothy Labs' promoters stake stood at 69.47%. 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.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Enam Securities Pvt Ltd and Kotak Mahindra Capita Company Ltd are book running lead managers and Intime Spectrum Registry Limited is the registrar to the issue.
Source: Moneycontrol.com
R S Iyer of K R Choksey Securities told Moneycontrol.com, "Jyothy Labs is expected to list around Rs 1000. One, who has a capacity to hold stock till Rs 1200, can hold. Above Rs 1200, one should book profits."
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
Jyothy Labs' promoters stake stood at 69.47%. 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.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Enam Securities Pvt Ltd and Kotak Mahindra Capita Company Ltd are book running lead managers and Intime Spectrum Registry Limited is the registrar to the issue.
Source: Moneycontrol.com
Tuesday, November 27, 2007
Jyothy Laboratories IPO subscribed 45x
Public issue of Jyothy Laboratories has received excellent response, subscribed 44.94 times till 5 pm, according to data available on NSE website.
It got bids for 19.9 crore equity shares as against 44.30 lakh shares on offer and received bids for 1.8 crore shares at cut off price.
The company entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share.
The company will raise Rs 274 at lower price band and Rs 305.6 crore at higher end of price band.
The offer would constitute 30.52% of the post issue paid up capital of the company. Post issue, Jyothy Labs' promoters stake will remain at 69.47%. Its investors including Canzone Limited, ICICI Bank Canada, ICICI Bank UK PLC, South Asia Regional Fund and CDC Investment Holdings are selling their stakes through this offer.
The equity shares are proposed to be listed on the NSE and the BSE.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Enam Securities Pvt Ltd and Kotak Mahindra Capita Company Ltd are book running lead managers and Intime Spectrum Registry Limited is the registrar to the issue
Source: Moneycontrol.com
It got bids for 19.9 crore equity shares as against 44.30 lakh shares on offer and received bids for 1.8 crore shares at cut off price.
The company entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share.
The company will raise Rs 274 at lower price band and Rs 305.6 crore at higher end of price band.
The offer would constitute 30.52% of the post issue paid up capital of the company. Post issue, Jyothy Labs' promoters stake will remain at 69.47%. Its investors including Canzone Limited, ICICI Bank Canada, ICICI Bank UK PLC, South Asia Regional Fund and CDC Investment Holdings are selling their stakes through this offer.
The equity shares are proposed to be listed on the NSE and the BSE.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Enam Securities Pvt Ltd and Kotak Mahindra Capita Company Ltd are book running lead managers and Intime Spectrum Registry Limited is the registrar to the issue
Source: Moneycontrol.com
Friday, November 23, 2007
Jyothy Labs well placed for healthy growth
India Infoline has come out with research report on Jyothy Laboratories IPO. The firm has recommended subscribing to the issue.
Jyothy Laboratories has opened for subscription with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share.
The company will raise Rs 274 at lower price band and Rs 305.6 crore at higher end of price band. The issue will close on November 27, 2007.
India Infoline report on Jyothy Laboratories IPO
Jyothy Laboratories (JLL) is an FMCG company making a range of branded products, including fabric whiteners, mosquito repellents, dish-washing soaps, soaps and incense. Its key brands are Ujala, Maxo, Exo, Jeeva and Maya.
Investment summary
* Ujala is a well-known brand of fabric whitener, with dominant market share of approximately 72% in the category
* Local presence and wide distribution reach
* Targets the rural market
* Entering into new joint-venture initiatives
Risks and concerns
* Heavily depend on two biggest brands, Ujala and Maxo which contribute 43.6% and 35.4% of its total sales respectively (as on 30 June 2007).
* Dependence on outsourced production through third parties. Any disputes or disagreements may affect their business.
* The company is susceptible to seasonal variations in demand for its products.
Valuations attractive in comparison to the peer group
At the issue price of Rs 620-690, JLL commands an inexpensive P/E (on relative basis) of 18.6x-20.7x based on FY07 EPS of Rs 33.3. The price/book ratio of 3.4x at Rs 690 is also at steep discount to peers. The company is well-placed for healthy growth, given its well-established brand equity, leadership in the fabric whitener segment and strategic alliances. We recommend to Subscribe in the issue.
Source: Moneycontrol.com
Jyothy Laboratories has opened for subscription with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share.
The company will raise Rs 274 at lower price band and Rs 305.6 crore at higher end of price band. The issue will close on November 27, 2007.
India Infoline report on Jyothy Laboratories IPO
Jyothy Laboratories (JLL) is an FMCG company making a range of branded products, including fabric whiteners, mosquito repellents, dish-washing soaps, soaps and incense. Its key brands are Ujala, Maxo, Exo, Jeeva and Maya.
Investment summary
* Ujala is a well-known brand of fabric whitener, with dominant market share of approximately 72% in the category
* Local presence and wide distribution reach
* Targets the rural market
* Entering into new joint-venture initiatives
Risks and concerns
* Heavily depend on two biggest brands, Ujala and Maxo which contribute 43.6% and 35.4% of its total sales respectively (as on 30 June 2007).
* Dependence on outsourced production through third parties. Any disputes or disagreements may affect their business.
* The company is susceptible to seasonal variations in demand for its products.
Valuations attractive in comparison to the peer group
At the issue price of Rs 620-690, JLL commands an inexpensive P/E (on relative basis) of 18.6x-20.7x based on FY07 EPS of Rs 33.3. The price/book ratio of 3.4x at Rs 690 is also at steep discount to peers. The company is well-placed for healthy growth, given its well-established brand equity, leadership in the fabric whitener segment and strategic alliances. We recommend to Subscribe in the issue.
Source: Moneycontrol.com
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