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Kochi April 15

JRG Securities Ltd is to come out with a public issue of 36,25,000 equity shares with a face value of Rs 10 commanding a premium of Rs 30 on Monday. The shares, which will command a price of Rs 40 per share, would aggregate to Rs 14.5 crore. The issue, for which Keynote Corporate Service Ltd is the lead manager and BigShare Services is the registrar, is set to close on April 21. Of the total public issue, 4,27,500 equity shares are reserved for NRIs leaving the net offer to the public at 31,97,500 shares. The equity shares are to be listed at the Bombay Stock Exchange. JRG Securities proposes to invest the funds raised through the public issue into technology upgradation of the existing IT infrastructure, establishment of 30 new regional offices in the country and for overseas expansions.

The operational efficiency of its business is highly dependent on the use of modern technology, a press release from the company said. Speed in executing the order and transparency of dealings would remain the key factors for the success of the company.

(This article was published in the Business Line print edition dated April 16, 2006)
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