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Jupiter Wagons' QIP Committee has approved allocation of 1,28,06,595 equity shares with a face value of Rs 10 each, to eligible qualified institutional buyers. The issue price has been set at Rs 315 per equity share, totaling Rs 403.40. The issue lasted from 29 November to 4 December 2023.
The company has divulged a list of allottees who have been granted more than 5% of the equity shares offered in the issue. Key allottees include Societe Generale - ODI, Copthall Mauritius Investment - ODI Account, and Rajasthan Global Securities. These entities were allotted 18.60%, 8.26%, and 7.44% of the total issue size, respectively. The remaining two major allottees are HSBC Large & Mid Cap Fund and Bandhan Focused Equity Fund, each securing 7.44% and 6.94% of the total issue size, respectively. The combined allocation to these parties stands at a significant 48.68% of the total issue size.
Jupiter Wagons is a leading provider of complete mobility solutions with a diverse product portfolio. Its products include wagons, couplers, draft gears, bogies, crossings, and accessories for various types of coaches and vehicles.
On a consolidated basis, net profit of Jupiter Wagons soared 241.11% to Rs 82.07 crore while net sales climbed 111% to Rs 879.30 crore in Q2 September 2023 over Q2 September 2022.
Shares of Jupiter Wagons fell 0.45% to Rs 340.30 on 4 December 2023.
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