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November 16, 2007

Jyothi Laboratories Limited - IPO

Jyothi Laboratories Limited, an FMCG company (consumer goods) is in the business of manufacture and sale of fabric care, household insecticide, surface cleaning, personal care and air care products. Company offer branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products. Jyothi Laboratories manufacture its products through 21 manufacturing facilities in 14 locations across India.

Company's key brands are Ujala, Maxo, Exo, Jeeva, and Maya. Ujala is among the oldest and top selling brand of the company and consists of fabric whitener, fabric stiffener and washing powder.

Jyothi Laboratories total consolidated gross sales have grown over the last three fiscal years at a compound annual growth rate (CAGR) of approximately 10 %. Company's total consolidated gross sales were Rs. 3,663.01 million for the year ended June 30, 2006 and Rs. 3,294.57 million and Rs. 2,797.46 million for the nine months ending March 31, 2007 and 2006, respectively. Company's total consolidated net sales were Rs. 3019.33 million for the year ended June 30, 2006 and Rs. 2775.47 million and Rs. 2285.74 million for the nine months ending March 31, 2007 and 2006, respectively. Company's profit after tax was Rs. 398.85 million for the year ended June 30, 2006 and Rs. 395.69 million and Rs. 301.84 million for the nine months ending March 31, 2007 and 2006, respectively.

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to carry out the divestment of 4,430,260 Equity Shares by our Selling Shareholders.

Jyothi Laboratories Limited

Issue Period

November 22, 2007 to November 27, 2007

Issue Price

Rs. 620 - 690

Issue Size

4,430,260 Equity Shares

Listing

BSE and NSE

Issue Type

100% Book Building

Book Running Lead Manager

Kotak Mahindra Capital Company Ltd, Enam Financial Consultants Pvt Ltd

Face Value

Rs. 5/-

Name of the registrar

Intime Spectrum Registry Ltd

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