EkCrore.net :: Jaypee Infratech IPO

April 20, 2010
Jaypee Infratech is expecting the Securities and Exchange Board of India's (Sebi) nod for its Rs 2,500 crore initial public offering (IPO) by the end of this month. It plans to hit the capital markets very soon. Jaypee Infratech's Executive Chairman Manoj Gaur said that the company filed the Red Herring Prospectus (RHP) on Friday. We hope to get the approval by April 21 or 22 he added.

This IPO is having two principles, one is that Jaiprakash Limited, the holding company is disinvesting about six core shares and rest is the Jaypee Infratech, is going to raise fresh issue of shares for rasing about Rs15 crore. So total will be around depending upon the price band anything around Rs 2,400-2,700 crore.