Jaypee Infratech – IPO closes on May 04, 2010
Issue Opens on: April 29, 2010
Issue Closes on: May 04, 2010
Bid Lot: 50 Shares & in Multiple of 50 shares
Price Band: Rs.102 to Rs.117
Issue size: Rs 1650 crore
IPO Rating: CARE IPO Grade 3/5
- Jaypee Infratech Ltd, which is part of the Jaypee group, was incorporated in 2007 and is engaged in the development of the Yamuna Expressway in U.P connecting Noida and Agra (165 Km) and related real estate projects.
- Jaypee Infratech has a unique business model in which project revenues are expected to be derived from a combination of expressway tolls and the land development.
- Rather than being limited to a single infrastructure investment or real estate project, the concession model addresses residential, commercial, industrial and institutional development in a holistic manner.
- The Jaypee group’s expertise and resources will help to develop the Yamuna Expressway project, and commission and operate the planned Yamuna Expressway in a timely and cost effective manner.
- The company is exposed to any change in government policies. The sucess of the project is substantially dependent on toll rates that are limited by the toll policy notified by the GoUP in Feb 2010.
- The Jaypee group’s strong brand name, strong execution capabilities and quality land bank would ensure sustainable growth for Jaypee Infratech.
