Reported By: Mohammad Haris
Last Updated: September 23, 2023, 15:23 IST
JSW Infrastructure IPO Opens on Monday, September 25.
The IPO will remain open for subscription between September 25 and September 27; the IPO allotment will take place on October 3
JSW Infrastructure IPO: The initial public offering (IPO) of JSW Infrastructure is going to open for public subscription on September 25, Monday. It will conclude on September 27, Wednesday. The price band for the Rs 2,800-crore IPO has been fixed at Rs 113-119 per share. Here’s all you need to know about the JSW Infra IPO:
JSW Infrastructure IPO: Key Dates, Lot Size
The IPO will remain open for subscription between September 25 and September 27. The IPO allotment will take place on October 3, while the listing on the BSE and NSE will take place on October 6.
Investors can bid for a minimum of 126 shares and in multiples thereof. The price band of a share has been fixed at Rs 113-119.
JSW Infrastructure IPO GMP
According to market observers, JSW Infrastructure Ltd is currently trading Rs 17 higher in the grey market. The Rs 17 grey market premium or GMP is about 14.29 per cent higher than its upper issue price of Rs 119 per share. This means the grey market is expecting a 14.29 per cent listing gain from the public issue.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
About JSW Infrastructure
JSW Infrastructure IPO, which is a book built issue of Rs 2,800.00 crore, is entirely a fresh issue of 23.53 crore shares.
JSW Infrastructure IPO price band is set at Rs 113 to Rs 119 per share. The minimum lot size for an application is 126 Shares. The minimum amount of investment required by retail investors is Rs 14,994. The minimum lot size investment for NII is 14 lots (1,764 shares), amounting to Rs 2,09,916, and for NII, it is 67 lots (8,442 shares), amounting to Rs 10,04,598.
JM Financial Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the JSW Infrastructure IPO, while Kfin Technologies Limited is the registrar for the issue.
