JSW Energy fixes price band at Rs 100-115
JSW Energy, a part of Sajjan Jindal-led JSW Group, will enter the primary market December 7, 2009 with its initial public offering to raise Rs 2700 crore.
By ET Bureau |
MUMBAI: JSW Energy, a part of Sajjan Jindal-led JSW Group, will enter the primary market December 7, 2009 with its initial public offering to raise Rs 2700 crore. (Watch)
The IPO price band has been fixed between Rs 100 and Rs 115 per equity share of face value Rs 10 each for cash at a price to be decided through a 100% book-building process. The issue closes on December 9, 2009.
To involve more retail participation, the company is offering a discount of Rs 5 to the issue price.
The company plans to use proceeds to part fund power projects and mining venture. The company has current operational capacities worth 995 megawatts and plans to take its total capacity to 3,140 MW by December 2010 and expand to 11,380 MW by 2015.
JM Financial Consultants, Morgan Stanley India, ICICI Securities, Kotak Mahindra Capital, JP Morgan India, IDFC-SSKI, SBI Capital, and IDBI Capital are book running lead managers of the public offer.
The IPO price band has been fixed between Rs 100 and Rs 115 per equity share of face value Rs 10 each for cash at a price to be decided through a 100% book-building process. The issue closes on December 9, 2009.
To involve more retail participation, the company is offering a discount of Rs 5 to the issue price.
The company plans to use proceeds to part fund power projects and mining venture. The company has current operational capacities worth 995 megawatts and plans to take its total capacity to 3,140 MW by December 2010 and expand to 11,380 MW by 2015.
JM Financial Consultants, Morgan Stanley India, ICICI Securities, Kotak Mahindra Capital, JP Morgan India, IDFC-SSKI, SBI Capital, and IDBI Capital are book running lead managers of the public offer.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
