hotnspicy45 / unpublished news
J Kumar Infraprojects settled at Rs 102.70 BSE, a discount of 6.64% over IPO price of Rs 110 on its day debut today.
The J Kumar Infraprojects (JKIL) counter saw high combined volumes of 4.09 crore shares on BSE and NSE. Thus, 1.97 times of the company's equity changed hands today. The company's post issue equity share capital is Rs 20.72 crore with face value per share being Rs 10.
The stock debuted at Rs 100 on BSE, a discount of 9.09% over the IPO price. The stock hit a high and low of Rs 116.95 and Rs 84.20.
At the current market price of Rs 102.70, the stock trades at a PE multiple of 26.33 based on its the year ended March 2007 EPS of Rs 3.9.
The company had fixed IPO price at Rs 110, at the lower end of the price band of Rs 110-120. J Kumar Infraprojects IPO was subscribed 2.17 times. The qualified institutional buyers (QIBs) category was subscribed 2.80 times, the non institutional investors portion was subscribed 1.39 times and the retail portion was subscribed 1.69 times.
J Kumar Infraprojects is a civil engineering and infrastructure development company with primary focus on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport contracts.
JKIL posted 641.70% jump in net profit to Rs 8.01 crore on 390.70% rise in net sales to Rs 112.66 crore in the year ended March 2007 over the year ended March 2006.
http://indian-stock-market-tips.blogspot.com
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