Indian commercial port operator JSW Infrastructure Ltd has filed for an initial public offering (IPO) worth up to 28 billion rupees ($342.4 ...
Indian commercial port operator JSW Infrastructure Ltd has filed for an initial public offering (IPO) worth up to 28 billion rupees ($342.4 million), it said in a draft prospectus on Wednesday.
The company will issue fresh equity shares in the offering and plans to use the proceeds from the IPO to cut debt and fund capital expenditure at its units.
JSW Infra has ports in states including Maharashtra, Odisha and Karnataka and has an installed cargo handling capacity of 153.43 million tonnes per annum, according to its website.
JSW Infrastructure IPO bidding started from September 25, 2023 and ended on September 27, 2023. The allotment for JSW Infrastructure IPO was finalized on Thursday, September 28, 2023. The shares got listed on BSE, NSE on October 3, 2023.
JSW Infrastructure IPO price band is set at ₹113 to ₹119 per share. The minimum lot size for an application is 126 Shares. The minimum amount of investment required by retail investors is ₹14,994. The minimum lot size investment for sNII is 14 lots (1,764 shares), amounting to ₹209,916, and for bNII, it is 67 lots (8,442 shares), amounting to ₹1,004,598.
JSW Infrastructure was listed on the stock exchange on 03-10-2023. The IPO was subscribed 39.36x. The last GMP for JSW Infrastructure IPO was ₹30, updated on Oct 3rd 2023 09:27 AM. As per the last GMP, the expected profit/loss for the IPO was 25.21%.
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