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Jyothi Lab’s public offer to close on Tuesday

KOCHI: The products made for the common man has led to the success of the fast moving consumer goods company Jyothi Laboratories Limited, its Chairman and Managing Director M.P. Ramachandran has said.

Products like Ujala fabric whitener and Maxo mosquito repellent had been well received in the market, he said. The company is entering the capital market with an initial public offering (IPO) of 4,430,260 equity shares of Rs.5 each through an offer for sale by the selling shareholders. The offer was opened on November 22 and would be closed on November 27. The price band has been fixed between Rs.620 and Rs.690 per equity share.

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Jyothi Lab’s public offer to close on Tuesday

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