Jet Infraventure, a Mumbai-based growing real estate development company is going to list its initial public offerings of 10.48 lakh equity shares of face value of Rs 10 each tomorrow (November 25) on the SME Platform of Bombay Stock Exchange (BSE).
The issue was opened for subscription on October 30 and closed on November 11, 2014 for which issue price was fixed at Rs 125 per equity share.
The company is a growing real estate development company headquartered in Mumbai and focusing on residential projects. The company sub-contracts projects to third party contractors. Jet Infra has executed residential projects in the States of Maharashtra and Gujarat.
The fund raised through the issue will be utilies for the working capital requirements, repay certain unsecured loans availed by the company, general corporate purposes andIssue Expenses.
Pantomath Capital Advisors Private Limited is the book running lead manager to the issue. However, Bigshare Services Private Limited has appointed a registrar to the issue.
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