Tuesday, July 24, 2012

Jupiter Infomedia IPO

Jupiter Infomedia, a web infomedia company with online publications on business, encyclopedia and yellowpages, is entering the capital market with a public issue worth Rs 4.08 crore by offering 20.4 lakh equity shares. The company develops various informative online publications/verticals in house. Jupiter aims to develop an online information library that would provide in-depth information to its visitors on various topics. At present, it has three online publications that include an online business directory (B2B portal operating through the website - www.JimTrade.com), an Encyclopedia on India (www.IndiaNetzone.com) and an online yellowpages directory (www.jimyellowpages.com).

The IPO opens on 30 July, 2012 and closes on 1 August, 2012. The company has fixed the issue price at Rs 20 a share.

The company intends to use issue proceeds for purchasing and setting up of offices in Mumbai and Kolkata; renting offices in Ahmedabad, Chennai and Delhi; and initial operating expenses for the marketing/branch office (first three months).

Jupiter Infomedia's net profit declined by 63.25% YoY to Rs 2 lakh in FY12 and total income fell by 19.36% to Rs 64.49 lakh. In FY11 also, its net profit dropped by 46.9% YoY to Rs 5.47 lakh, but total income rose by 3% to Rs 79.97 lakh.

Aryaman Financial Services Limited is the book running lead manager to the issue.

Allotment:

Click here to check to see Jupiter Infomedia IPO Allotment Status!

Listing:

Jupiter Infomedia IPO got listed on 16 August, 2012. The stock opened at Rs 22, touched an intraday low of Rs 21.1 and an intraday high of Rs 22.1, before closing the day at Rs 22.05%, over 10% premium to its issue price of Rs 20.


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