Jupiter Infomedia, a web infomedia company with online publications on business, encyclopedia and yellowpages, proposed to tap capital market with a public issue worth Rs 4.08 crore on July 30.
It has fixed the issue price at Rs 20 a share and planned to offer 20.4 lakh equity shares through the issue, which closes on August 1.
Company develops various informative online publications/verticals in house. Jupiter aims to develop an online information library that would provide in-depth information to its visitors on various topics.
At present, it has three online publications that include an online business directory (B2B portal operating through the website - www.JimTrade.com), an Encyclopedia on India (www.IndiaNetzone.com) and an online yellowpages directory (www.jimyellowpages.com).
Jupiter Infomedia intends to use issue proceeds for purchasing and setting up of offices in Mumbai and Kolkata; renting offices in Ahmedabad, Chennai and Delhi; and initial operating expenses