Indicated by: Mohammed Haris
Last updated: Sep 23, 2023 3:23 PM IST
JSW Infrastructure IPO: The initial public offering (IPO) of JSW Infrastructure will open for public subscription on Monday, September 25. It ends on Wednesday, September 27. The price band for the Rs 2,800 crore IPO has been set at Rs 113-119 per share. Here’s everything you need to know about JSW Infra’s IPO:
JSW Infrastructure IPO: Key dates, lot size
The IPO remains 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 on a minimum of 126 shares and in multiples thereof. The price range of a stock has been fixed at Rs 113-119.
JSW Infrastructure IPO GMP
According to market observers, JSW Infrastructure Ltd is currently trading Rs 17 higher on the gray market. The gray market premium or GMP of Rs 17 is about 14.29 percent higher than the highest issue price of Rs 119 per share. This means that the gray market expects a stock market gain of 14.29 percent from the public issue.
The ‘gray market premium’ indicates that investors are willing to pay more than the issue price.
About JSW infrastructure
JSW Infrastructure IPO, a Rs 2,800.00 crore book build issue, is entirely a fresh issue of 23.53 crore shares.
The IPO price range of JSW Infrastructure has been set at Rs 113 to Rs 119 per share. The minimum lot size for an application is 126 shares. The minimum investment amount required by retail investors is Rs 14,994. The minimum investment for lot size for NII is 14 plots (1,764 shares) which works out to Rs 2,09,916 and for NII it is 67 plots (8,442 shares) which works out 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.