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Jyoti Structures surges on raising Rs 100 crore via QIP

29 Sep 2014 Evaluate

Jyoti Structures is currently trading at Rs. 40.95, up by 0.65 points or 1.61% from its previous closing of Rs. 40.30 on the BSE.

The scrip opened at Rs. 41.30 and has touched a high and low of Rs. 41.70 and Rs. 40.40 respectively. So far 78885 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 69.80 on 07-Jul-2014 and a 52 week low of Rs. 19.00 on 07-Oct-2013.

Last one week high and low of the scrip stood at Rs. 45.75 and Rs. 37.70 respectively. The current market cap of the company is Rs. 333.68 crore.

The promoters holding in the company stood at 27.05% while Institutions and Non-Institutions held 21.60% and 51.35% respectively.

Jyoti Structures has raised Rs 100 crore through qualified institutional placement (QIP). The Committee of Board of Directors of the company has allocated 2,33,87,019 equity shares at an issue price of Rs 42.85 per equity share i.e. at a premium of Rs 40.85 per equity share, aggregating Rs 100.21 crore to eligible qualified institutional buyers (QIBs).

Jyoti Structures is solution provider in area of high voltage power transmission lines and substations. The company provides wide range of services from design, engineering consulting, tower testing, manufacturing, construction and project management.

 

Jyoti Structures Share Price

13.16 0.03 (0.23%)
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