Jaiprakash Hydro IPO priced at Rs 27-32

Jaiprakash Hydro-Power (JHPL) has priced its proposed IPO of 18 crore shares of Rs 10 each at Rs 27-32 per share.

According to a release issued by Jaiprakash Associates to the BSE today, the issue will open on March 22, 2005 and close on March 29, 2005.

"The red herring prospectus has been filed with the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh, Jalandhar on March 8, 2005, and the same has been taken on record," the release added.