The subscription period for the JSW Infrastructure IPO begins today (Monday, September 25) and ends on Wednesday, September 27. The pricing range for the JSW Infra IPO has been set at between ₹113 and ₹119 per equity share with a face value of ₹2 each. On Friday, September 22, the JSW Infra IPO raised $1,260 crore from anchor investors.
JSW Infrastructure Limited's initial public offering (IPO) has set aside a minimum of 75% of the shares for qualified institutional buyers (QIB), a maximum of 15% for non-institutional investors (NII), and not more than 10% for retail investors.
No offer for sale (OFS) component is present in the JSW Infra IPO, which consists of a new issuance of shares valued at ₹2,800 crore.
In order to prepay or repay all or a portion of certain existing borrowings, the business intends to invest the net proceeds from the offering into its fully owned subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Ltd., according to the Red Herring Prospectus (RHP).
The company also plans to use investments in JSW Jaigarh Port Ltd, a wholly owned subsidiary, to finance the capital expenditures necessary for Jaigarh Port's proposed expansion/upgrading projects, including the expansion of the LPG terminal, the establishment of an electric sub-station, and the purchase and installation of a dredger.
(with inputs from agencies)
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