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Wednesday, April 05, 2006

JRG Securities IPO opens on April 17

JRG Securities is entering the capital market on April 17, 2006 for subscription, with a initial public offer, IPO, of 36.25 lakh equity shares of Rs 10 each at a premium of Rs 30 per share aggregating to Rs 14.50 crore (Rs 145 million).

The issue will close on April 21, 2006.

The IPO is aimed at technology upgradation, establishment of 30 new regional offices and investment in Middle East operations.

The company is proposed to be listed on the Bombay Stock Exchange.

Keynote Corporate Services is the book running lead manager and Registrar Bigshare Services is the registrar to the issue.

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