Quick look at JHS Svendgaard IPO

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JHS Svendgaard Laboratories is open for subscription with a public issue of 67,00,000 equity shares of Rs 10 each including promoters contribution of 5,00,000 equity shares of Rs 10 each. 

The equity shares of the company will be listed on the National Stock Exchange of India and the Bombay Stock Exchange.

UTI Bank, Centrum Capital and Bajaj Capital are the book running lead managers to the issue.

Issue snapshot

• Offering 67 lakh shares to public; 5 lakh shares reserved for employees
• Price band: Rs 49-58/sh
• Issue to raise Rs 33-39 crore
• Issue opens on September 26 and closes on October 04, 2006

About company

• Manufactures dental and oral health care products
• Contract manufacturer for many domestic & global brands
• Manufactures and sells toothpaste under the brand name 'TAAZAGI' in India

FY06

• Revenues: Rs 30.03 crore
• Net profit: Rs 4.02 crore
• EPS (on diluted equity): Rs 3.2

Use of money

• Proceeds of the issue to be used for setting up manufacturing facility in Himachal Pradesh and to increase capacities at SEZ in Noida