JSW Energy to open bids for IPO on December 7
Sajjan Jindal-led JSW Energy on Monday said it will open bids for the company's initial public offer on December 7, to raise Rs 2,700 crore.
By PTI |
MUMBAI: Sajjan Jindal-led JSW Energy on Monday said it will open bids for the company's initial public offer on December 7, to raise Rs 2,700 crore. (Watch)
"We are launching the IPO of JSW Energy on December 7. Bids will close on December 9. The total size of this issue is Rs 2,700 crore," JSW Energy's Chairman Sajjan Jindal told reporters here.
He said the company would disclose the price-band on December 3 as per Securities and Exchange Board of India norms.
Earlier this month, the company got approval from the market regulator to go ahead with its IPO.
JSW Energy currently has operational capacity of 995 MW and aims to complete construction of 3,140 MW by October next year.
Jindal said the company is looking to bid for ultra mega power projects and may tie-up with other players, both domestic and international.
"We are launching the IPO of JSW Energy on December 7. Bids will close on December 9. The total size of this issue is Rs 2,700 crore," JSW Energy's Chairman Sajjan Jindal told reporters here.
He said the company would disclose the price-band on December 3 as per Securities and Exchange Board of India norms.
Earlier this month, the company got approval from the market regulator to go ahead with its IPO.
JSW Energy currently has operational capacity of 995 MW and aims to complete construction of 3,140 MW by October next year.
Jindal said the company is looking to bid for ultra mega power projects and may tie-up with other players, both domestic and international.
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