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Friday, June 29, 2007

Jyothy Labs files papers for IPO

Jyothy Labaratories, the makers of Ujala fabric whitener and Maxo mosquito repellent coils, has filed its draft red herring prospectus (DRHP) with the Securities & Exchange Board of India (Sebi) for an initial public offering (IPO).

The company is planning to sell 44,30,260 equity shares of Rs 5 each that is being divested by investors including Canzone, South Asia Regional Fund, CDC Investment Holdings ICICI Bank Canada and ICICI Bank UK PLC.

The offer will constitute 30.52% of the post-issue capital of the company.

Kotak Mahindra Capital Company and Enam Financial Consultants are the lead managers to the offer.

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