JSW Infrastructure's IPO draws $ 7.3 billion bids

28 Sep 2023 CW Team

Indian commercial port operator JSW Infrastructure has received bids worth Rs 606.13 billion in its initial public offering (IPO). The company, which is owned by the JSW Group, received bids for Rs 5.09 billion shares at a price range of Rs 113 to 119 per share. This represents a significant oversubscription, with the demand reaching 37.37 times the 136.3 million shares that were initially offered, as per National Stock Exchange data. Institutional investors have displayed the most substantial interest in this IPO. It's worth noting that this marks JSW Group's first IPO since JSW Energy in 2010. The IPO consisted of a fresh issue of shares valued at up to 28 billion rupees. JSW Energy (JSWE.NS) made its debut in January 2010 and has seen its value increase more than fourfold since then. JSW Infra, a competitor of Adani Ports (APSE.NS) and Gujarat Pipavav Port (GPPL.NS), is scheduled to be listed on Indian exchanges next week.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..