Jawed Habib Hair & Beauty IPO : Files DRHP with SEBI

by khalid on 02/02/2011 · 2 comments

Mumbai based Jawed Habib Hair & Beauty saloon company has informed the share market (BSE/NSE) that they have planning to enter the capital market with its maiden public issue of 600,000,000 equity shares of Rs 10 each. The issue constitutes 26.46% post issue paid up capital of the company. The company has filed a Draft Red Herring Prospectus (DRHP) on 3ast January 2011 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The IPO launching date is depend on the market conditions as per company sources. The company provides hair and beauty care services are provided through its owned and franchised outlets across the country. It also runs academies for hair styling and beauty with an objective to provide quality training to the aspirants in the profession of cosmetology.

The proceeds of the IPO amount would be used by the company to opening new outlets, presently nit has it has 8 owned and 176 franchised outlets in 62 cities across India. It owns 6 academies and operates 35 academies through franchised outlets across 36 cities.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Book running lead managers to the issue are BOB Capital Markets and Sharepro Services India Private Limited.

Registrar of the Issue : Link Intime India Private Limited.

Stay tuned to BelltheBull Blog for more news on Jawed Habib Hair & Beauty IPO !

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{ 2 comments… read them below or add one }

Stock Market Training February 3, 2011

For such small IPO’s, dont you think that Private Equity is a better option considering the fact that Listing Norms are very strict and also turn out to be expensive.


khalid February 4, 2011

Exactly, Private Equity is a better option.


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