• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kochi , May 3

JRG Securities public issue of 36.25 lakh equity shares with a face value of Rs 10 and premium of Rs 30, was subscribed 4.47 times. The issue was meant to mobilise Rs 14.50 crore for the up-gradation of the existing IT infrastructure, establishment of 30 new regional offices and for overseas expansion, Mr Giby Mathew, Executive Director of JRG said.

Addressing a press conference, Mr Regi Jacob, Managing Director thanked the retail investors, NRIs, companies, financial institutions, banks and Foreign Institutional Investors for making the public issue a success. This would probably the first time that FIIs, Mutual Funds, banks and Indian institutions have shown so much interest in such a small issue.

With committed management and substantial investment in technology, the JRG management is highly confident of bringing to the common investor, the best that the country can offer in the investment arena, Mr Regi Jacob said. The company expected the listing to be completed by the third week of May, for commencement of trading at the BSE.

More Stories on : IPOs | Financial Services

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
JRG Securities opens 403rd branch in Kochi

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line