Jyothy Laboratories Limited issues IPO

Jyothy Laboratories Limited is a mid sized FMCG company which rose to fame because of Ujala fabric whitener, which was heavily advertised and a very popular household brand name. Jyothy Laboratories Limited has since begun manufacturing and marketing various other FMCG products like Fabric care, Mosquito Repellents, Ayurvedic and Herbal products. Do check this blog often to keep yourself updated on the Jyothy Labs IPO subscription / oversubscription details and the Jyothy Labs IPO allotment status.

The Company is a fast moving consumer goods (FMCG) company in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market and offer branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.

Kotak Mahindra Capital Company Limited and Enam Securities Private Limited are the Book Running Lead Managers (“BRLMs”) to the Offer.

Technical Fact sheet:

Public Issue Open November 22, 2007 to November 27, 2007
Public Issue Type 100% Book Built Issue (Initial Public Offer IPO)
Public Issue Size 4,430,260 Equity Shares of Rs. 5/-
Face Value Rs. 5/-
Public Issue Price Rs. 620/- to Rs. 690/- Per Equity Share
Maximum Subscription Amount for Retail Investor Rs 100,000/-
Listing At BSE, NSE
Lead Manager(s) Kotak Mahindra Capital Company Ltd, Enam Financial Consultants Pvt Ltd
Registrar Intime Spectrum Registry Ltd

Natal Sun and Saturn are in conjunction in Capricorn Ascendant. Rahu, Mercury and Mars are in conjunction in twelfth house. Jupiter is in Leo and Venus is in Scorpio. Here, Mars is transiting over Natal Ketu from sixth house. It may play havoc and produce inauspicious results related to competitors, and employees. Transit of Saturn and Ketu from eighth house is very bad. But, Saturn, being lord of first house may calm down these malefic effects. Here, government may also impose certain restrictions and duties eroding the company’s profits. On the other hand, transit of Jupiter from twelfth house is favorable for company. Company is trying to expand overseas business. So, Jupiter being lord of twelfth house will be transiting from twelfth house. Company shall get better benefit by this planetary position.

May Lord Ganesha bless Jyothi Laboratories Ltd with success in the years to come!

Ganesha’s Grace,
Malav Bhatt,

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