Jagjanani Textiles Limited to tap capital markets

The Initial Public Offering of Jagjanani Textiles Limited will hit the capital markets next week. The issue is slated to open for subscription on February 15, 2007 and close on February 23, 2007.

The company is coming out with a public issue of 81,00,000 equity shares of Rs.10/- each at a price of Rs.25/- per equity share inclusive of premium aggregating Rs.2025 lakhs. The face value of the equity share is Rs.10/- and the issue price is 2.5 times of the face value. The issue would constitute 51.93 % of the fully diluted post issue paid-up capital of Jagjanani Textiles limited.

Centrum Capital Limited is the Lead Manager for the issue. Intime Spectrum Registry Ltd is the Registrar to the Issue.

The Equity Shares issued are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") (the Designated Stock Exchange).

The company's website is Jagjanani Textiles Limited

Click on the link for company's IPO prospectus Jagjanani Textiles Limited Prospectus

Source : Equity Bulls

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