Jaypee Infratech Ltd. (JIL) is a part of the Jaypee Group which was incorporated on April 5, 2007 as a special purpose company to develop, operate and maintain the Yamuna Expressway (165 km) in the state of Uttar Pradesh, connecting Noida and Agra. JIL has the Concession Agreement from the Yamuna Expressway Industrial Development Authority (YEA) to develop, operate and maintain the Yamuna Expressway which also provides for the right to develop 25 million square metres of land along the Expressway at five locations for residential, commercial, amusement, industrial and institutional purposes.
Under the Concession JIL have the right to earn toll revenue for a period of 36 years following the award of a certificate of completion of the expressway after which the expressway will be transferred to the YEA. JIL expect to start earning from toll and other expressway-related revenues from the Yamuna Expressway from FY12, following completion of construction of the expressway.
Post issue Promoters and Promoter groups shareholding will reduce to (83.27%-84.49%) from existing 99.10%.
5 % Discount to Retail Investor
Issue Objectives
- To partially finance the Yamuna Expressway Project
- To fund general corporate expenditure
Issue Open: Apr 29, 2010 - May 4, 2010
Issue Type: 100% Book Built Issue IPO
Issue Size: Rs. 1650 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 102 - Rs. 117 Per Equity Share
Market Lot: 50 Shares
Minimum Order Quantity: 50 Shares
Listing At: BSE, NSE
Jaypee Infratech IPO Review
Jaypee Infratech Draft Prospectus
Jaypee Infratech Allotment Status
Jaypee Infratech Basis of Allotment
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