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Moneycontrol » News » IPO - Tip  JHS Svendgaard IPO poll: Experts opinion mixedPublished on Wed, Sep 27, 2006 at 18:39 | Source : Moneycontrol.com Updated at Wed, Sep 27, 2006 at 18:45 Like this story, share it with millions of investors on M3
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 net issue to the public is 62,00,000 equity shares of Rs 10 each. The issue is being made by 100% book building process and the price band is Rs 49 to Rs 58 per equity share. The net issue will constitute 49.60% of the fully diluted post issue paid capital of the company. The issue closes on Wednesday, October 4, 2006. Moneycontrol conducted a poll on market experts to check whether to apply for the public issue or not. Experts opinion were mixed.
*(View taken from their reports)
JHS Svendgaard is a dental and oral healthcare products manufacturing company. It manufactures wide range of dental and oral care products acting as contract manufacturer for many domestic as well as global brands. Starting with the manufacturing of toothbrushes, the company has ventured into other oral care products like toothpaste, whitening gel, whitening mouth rinse, denture cleaning effervescent tablets and tongue cleaner. The company has three production facilities of which two are located in New Delhi and a 100% EOU is located in Noida SEZ in Uttar Pradesh. For the year ended March 31, 2006, JHS Svendgaard posted net profit of Rs 4.03 crore (Rs 40.3 million) on turnover of Rs 36.93 crore (Rs 369.3 million). 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.
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