JSW Infrastructure IPO, JSW Infrastructure IPO listing date: The initial public offering (IPO) of JSW Infrastructure – a JSW Group company – opens for subscription today i.e. September 25. The company plans to mop Rs 2,800 crore from the public issue and will use part of the proceeds to repay debt.
JSW Infrastructure IPO: Issue Period
The JSW Infrastructure IPO opens for subscription today and the offer closes on September 27.
JSW Infrastructure IPO: Price Band
The price range for the offer has been fixed at Rs 113 to Rs 119.
JSW Infrastructure IPO: Bid Lot
The public issue is entirely a fresh issue and investors can bid for a minimum of 126 equity shares and in multiples of 126 thereafter.
JSW Infrastructure IPO: Allotment Date, Subscription Status Link
JSW Infrastructure IPO allotment will be finalised by October 3. Eligible investors will get the shares in their demat accounts by October 5.
Those who want to check the subscription status can do so by visiting the official website of KFin Technologies Limited, which is the official registrar of the JSW Infrastructure IPO. The direct link to check IPO subscription status is – https://rti.kfintech.com/ipostatus/.
The Initiation of refunds will take place by October 4.
JSW Infrastructure IPO: Listing Date
The shares of JSW Infrastructure are expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 6.
JSW Infrastructure IPO: Anchor Investors
Ahead of the IPO, JSW Infrastructure, a part of the JSW Group, raised Rs 1,260 crore from anchor investors. The company has allocated 10.58 crore equity shares to 65 funds at Rs 119 apiece, according to a circular uploaded on the BSE website.
Government of Singapore, Monetary Authority of Singapore, Morgan Stanley Investment Funds, Max Life Insurance Company, Bajaj Allianz Life Insurance Company, Ask Investment Fund, SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, UTI MF, Sundaram MF, Tata MF, Nippon India MF and Aditya Birla Sun Life MF are among the anchor investors.
JSW Infrastructure IPO: Book Running Lead Managers
JM Financial, Axis Capital, Credit Suisse Securities (India) Pvt Ltd, DAM Capital Advisors, HSBC Securities and Capital Markets (India) Pvt Ltd, ICICI Securities, Kotak Mahindra Capital Company, and SBI Capital Markets are the book-running lead managers to the issue.
JSW Infrastructure IPO: Subscribe or Not?
Incorporated in 2006, JSW Infrastructure Limited provides maritime-related services including cargo handling, storage solutions and logistics services. The company develops and operates ports and port terminals under Port Concessions. JSW Infrastructure Limited is a part of the JSW Group.
Brokerage firm Nirmal Bang Retail Research is positive on the issue and has given a “subscription” rating for this IPO.
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