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Jet to be listed on NSE on Mar 14

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March 12, 2005 11:42 IST

Trading for the scrip of Jet Airways (India), which will be listed on National Stock Exchange on Monday, would be in the normal market segment.

The scrip would be listed and admitted to dealings and trading in rolling settlement would begin from March 14, NSE said in release in Mumbai on Friday.

The scrip would also be listed on the Bombay Stock Exchange.

The private airline, which had floated an IPO for 1.72 crore shares of Rs 10 each, constituting 20 per cent of the post issue capital, had raised Rs 1,899 crore (Rs 18.99 billion) with the issue price fixed at Rs 1,100 per share.

The airline's board has approved allotment of 96.40 lakh shares to qualified institutional buyers, including FIIs (75.53 lakh shares), FIs/banks (9.72 lakh), mutual funds (9.62 lakh) and insurance companies (1.46 lakhs).

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