JSW Infrastructure's IPO draws $ 7.3 billion bids
POWER & RENEWABLE ENERGY

JSW Infrastructure's IPO draws $ 7.3 billion bids

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.

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.

Next Story
Infrastructure Urban

Macrotech acquires Bain Capital's stake in 3 entities for Rs 3 Bn

Realty firm Macrotech Developers has acquired Bain Capital's stake in three industrial and logistics park entities for Rs 3.07 billion as part of a strategy to enhance rental income. Macrotech Developers is one of the leading real estate firms in the country. It sells properties under Lodha brand. In a regulatory filing, the company informed that it has "executed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in the digital infrastructure platform entities (Bellissimo Digital I..

Next Story
Infrastructure Urban

Tata Steel reports Rs 7.59 Bn net profit in Jul-Sep

Tata Steel reported a net profit of Rs 7.58 billion for the September 2024 quarter, helped by lower expenses. It had posted a net loss of Rs 65.11 billion in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. In a separate statement, Tata Steel CEO and MD TV Narendran said the global operating environment remained complex, with key regions facing subdued growth. Macroeconomic conditions in China continued to weigh on commodity prices, including steel. In India, steel demand continued to improve, but domestic prices were under pressure due to chea..

Next Story
Infrastructure Urban

SC to verdict on Nov 7 on plea against NCLAT

The Supreme Court is scheduled to pronounce its verdict on a plea of State Bank of India (SBI) and other creditors challenging the National Company Law Appellate Tribunal (NCLAT) decision that upheld the resolution plan of grounded air carrier Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium (JKC). A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra will pronounce the verdict which was reserved on October 16. The NCLAT had on March 12 upheld the resolution plan of the grounded air carrier and approved the transfer of its ownersh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000