JAT Holdings’ IPO opens today

Tuesday, 20 July 2021 01:55 - - {{hitsCtrl.values.hits}}

JAT Holdings will commence its highly awaited Initial Public Offering (IPO) today.

This action will enable the public with the timely opportunity to make a secure and highly lucrative investment in JAT, which has proved its resilience and stability throughout 28 years of operations. Since its establishment in 1993, the company has also grown, exponentially and successfully expanded its footprint across South Asia.

Managed by CAL and NDB Investment Bank, JAT Holdings’ IPO aims to raise Rs. 2.2 billion by offering 82,904,846 ordinary voting shares to the public. The IPO price per share of Rs. 27 offers an immediate upside of 21% to an incoming investor on the value per share of Rs. 32.70 derived from a combination of discounted cash flow (DCF) and forward-earnings ratio (PER) valuation methods.