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.

Infrastructure Urban

04 Dec 2025

ISRO’s IMAT Success Boosts Readiness for Maiden Gaganyaan Mission

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Gyanesh Kumar Takes Charge as Chair of International IDEA Council

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Coal Mines Boost Local Growth and Support India’s Energy Self-reliance

The Magadh and Amrapali coal mines in Jharkhand are playing a pivotal role in strengthening India’s energy security, contributing nearly half of Central Coalfields Limited’s total coal production in 2024–25. Both mines support the broader goal of ensuring steady coal availability for the power sector under the vision of Aatmanirbhar Bharat. Magadh has estimated mineable reserves of 854.91 million tonnes, while Amrapali holds 456.34 million tonne. For FY 2025–26, the two are expected to generate net sales revenues of Rs 28.12 billion and Rs 23.67 billion respectively. Local development ..