Jaypee Infra sets IPO price at lower end

MUMBAI, May 10 (Reuters): An IPO by Indian road-builder Jaypee Infratech, a unit of construction firm Jaiprakash Associates, raised about $502 million after the deal was priced at the bottom of its indicated range, according to sources with direct knowledge of the matter.
The company priced its offering at Rs 102 per share, against a range of Rs 102-117, the sources said.