Business Standard

Jet Solar Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

4.50 cr

Price Range (₹)

125

Lot Size

1000

Min Investment (₹)

1,25,000.00

Listing Exchange

BSE - SME

Open Date

30-Oct-2014

Close Date

11-Nov-2014

Listing Date

25-Nov-2014

Latest IPO News

    The Shares of Jet Solar Ltd have now been listed.

    Jet Solar Ltd IPO Details

    Public issue of 3,60,000 equity share of face value of Rs. 10 each (Equity Shares) of Jet Infraventure Limited (The Company or the Issuer) for cash at a price of Rs. 125 per equity share, including a share premium of Rs. 115 per equity share (The Issue Price), aggregating Rs. 4.50 crores (The Issue), of which 18,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 125 per equity share, aggregating Rs. 0.23 crores will be reserved for subscription by the Market Maker to the issue (The Market Maker Reservation Portion). The issue less Market Maker reservation portion i.e. issue of 3,42,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 125 per equity share, aggregating Rs. 4.28 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 34.35% and 32.63% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 125.00 is 12.5 times of the face value of the equity shares.

    Objective of issue

    Working Capital requirements. Repay certain unsecured loans. General Corporate purposes.

    Jet Solar Ltd Contact Details

    Jet Solar Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - info@jetinfra.com

    Website - www.jetinfra.com