
JSW Infra IPO: JSW's 1st issue in 13 yrs opens on Sept 23; price band fixed at ₹113-119
The ₹2,800-crore IPO of JSW Infrastructure is going to be Sajjan Jindal-led JSW Group’s first public issue in nearly 13 years, after JSW Energy in 2010.
The ₹2,800-crore IPO of JSW Infrastructure is going to be Sajjan Jindal-led JSW Group’s first public issue in nearly 13 years, after JSW Energy in 2010.
The Varanasi-based small finance bank has set the price band at ₹23-25 per share and plans to raise ₹500 crore at the upper end of the issue price.
The company, a subsidiary of IT services firm Cyient, has decided to allot 97,98,113 equity shares to 20 anchor investors at a floor price of ₹265.
The stock listed at ₹171 on the BSE, a premium of 90% against the IPO price of ₹90 on the BSE.
The IPO received an overwhelming response from retail and non-institutional investors as quota reserved for them were booked 169.94 times and .94 times, respectively.
The IPO of the pharma company will open for subscription on April 25 and close on April 27.
Ahead of the initial share sale, the company has raised ₹389 crore from anchor investors by allocating 89.27 lakh equity shares to 24 funds at ₹436 apiece.
The ₹865 crore IPO of Avalon Technologies will open on April 3, which comprises fresh issue of equity shares worth ₹320 crore and an offer for sale aggregating up to ₹545 crore.
If Tata Technologies' public offer succeeds, it would be the first from Tata Group since TCS in 2004.
The IPO of Uniparts India was fully subscribed by 25.32 times on the back of strong demand from qualified institutional buyers.