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Aug 17, 2012, 05.27 PM IST
Shares of Jupiter Infomedia, a web infomedia company with online publications on business, encyclopedia and yellowpages, gained more than 10% in early trade to touch an intraday high of Rs 22.10 on the Bombay Stock Exchange's SME platform on Thursday.
The stock was opened at Rs 22 and touched an intraday low of Rs 21.10. It traded with volumes of 72,000 equity shares.
It has a circuit limit of 5% on either side; upper circuit limit stands at Rs 23.10 while lower circuit at Rs 20.95 a share.
Jupiter Infomedia develops various informative online publications/verticals in house. Jupiter aims to develop an online information library that would provide in-depth information to its visitors on various topics.
At present, it has three online publications that include an online business directory (B2B portal operating through the website - www.JimTrade.com ), an Encyclopedia on India ( www.IndiaNetzone.com ) and an online yellowpages directory ( www.jimyellowpages.com ).
The Rs 4.08-crore IPO was opened for subscription July 30-August 1.
Jupiter Infomedia intends to use issue proceeds for purchasing and setting up of offices in Mumbai and Kolkata; renting offices in Ahmedabad, Chennai and Delhi; and initial operating expenses for the marketing/branch office (first three months).
Tags: Jupiter Infomedia IPO
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