Bangalore: Jupiter Infomedia an online publications company is raising funds through an IPO venture. It plans to raise 4.08 crores and utilize the same on expanding its business activities.  The company is offering 20.40 lakhs of shares at a nominal issue price of Rs 20 each, as reported by Dealcurry.com.

Of entire size of the issue, the promoters of Jupiter Infomedia are obliged to subscribe 5.40 lakh shares, while 1.80 lakh shares have been underwritten by various other institutions.  It is reported that around 13.20 lakh shares will be available for public subscription from July 30, 2012 to August 1, 2012.

Jupiter is an Infomedia company with vast online publications on business, encyclopedia and Yellowpages. It aims to develop an online information library which would provide detailed information to its visitors on various topics. It is reported that the funds will be utilized to purchase and set up offices in Mumbai and Kolkatta, to also rent offices in Ahmadabad, Chennai and Delhi and also for marketing expenses.   

The company has three online publications which have seen a substantial progress.  It has an online business to business directory, through the website- www.JimTrade.com, which has more than 30,000 product profiles of Indian manufacturers.

An encyclopedia on India through the website - www.IndiaNetzone.com, which provides massive information on arts, entertainment, health, reference, sports, society, travel and various other interesting subjects related to India.

It also has an online directory through the website- www.jimyellowpages.com, which provides listing information of each business located in every nook & corner of India.