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Jain Irrigation surges as its arm successfully raises Rs 112 crore

01 Apr 2015 Evaluate

Jain Irrigation Systems is currently trading at Rs. 62.25, up by 0.65 points or 1.06% from its previous closing of Rs. 61.60 on the BSE.

The scrip opened at Rs. 61.85 and has touched a high and low of Rs. 62.90 and Rs. 61.10 respectively. So far 96812 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 133.45 on 08-Jul-2014 and a 52 week low of Rs. 59.00 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 63.10 and Rs. 59.00 respectively. The current market cap of the company is Rs. 2729.62 crore.

The promoters holding in the company stood at 28.69% while Institutions and Non-Institutions held 47.43% and 23.67% respectively.

Jain Irrigation Systems’ subsidiary - Sustainable Agro Commercial Finance (SAFL), has successfully raised funds consisting of tier 1 and tier 2 capital aggregating Rs 112 crore, in a mix of Equity Shares at premium (Rs 42 crore) and long tenure debt (6 yrs) in form of 10% unsecured Non Convertible Listed Debentures (Rs 70 crore). This has raised the tier 1 and tier 2 capital of the SAFL to Rs 208 crore. This fund raising will help SAFL to grow substantially in next few years, as it had no debt prior to the above transaction. SAFL has so far served over 15,000 farmers since its inception in 2012 and it continues to pursue its growth plans.

The investment has been made by Mandala Capital AG (Mandala) a UK based entity focused on agri business in South East Asia. Post the investment Mandala holds 20% of the capital of SAFL while JISL’s shareholding has come down to 49% as was originally planned at start of SAFL’s operations in 2012.

Jain Irrigation Systems is a manufacturer of a wide variety of PVC pipes, PE pipes, water and gas transportation pipes, ducts for optical fibre cables and drip irrigation pipes. It is also engaged in tissue culture of bananas and pomegranates and is the world’s largest processor of mangoes and is the world’s second largest processor of onions and vegetables.

 

Jain Irrigation Sys Share Price

33.05 -1.16 (-3.39%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3705.80
Astral 1612.85
Finolex Inds 174.70
Nilkamal 1320.05
Jain Irrigation Sys 33.05
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