Jyothy files papers for IPO with SEBI

MUMBAI: Jyothy Laboratories Ltd has filed draft red herring prospectus with the Securities and Exchange Board of India for its initial public offering.

The company will offer 44.30 lakh equity shares of face value Rs 5 each through 100 per cent book building process. The offer constitutes 30.52 per cent of the post-issue capital.

Jyothy Laboratories is a fast moving consumer goods company offering branded product like Ujala fabric whitener along with other products like mosquito repellents, dishwashing, bath and incense products.

Kotak Mahindra Capital and Enam Financial are book running lead managers to the offer.