Public CompanyJSW Energy to list on bourses on January 4
Shares of power producer JSW Energy will be listed on the bourse on January 4, the Bombay Stock Exchange (BSE) said today.
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From January 4, shares of JSW Energy would be available for trading on the bourse.
The company would list about 164 crore equity shares of face value of Rs 10 each, the BSE said in a circular.
JSW Energy has the fixed issue price of its initial public offer (IPO) at Rs 100 a share, at the lower end of the price band, raising about Rs 2,700 crore.
For the retail individual investors, the issue price has been fixed at Rs 95 a share, offering a discount of Rs 5 per share.
The Sajjan Jindal-promoted JSW Energy hit the capital markets with an IPO by offloading 2,700 lakh shares of the company to raise up to Rs 2,700 crore, in a price band of Rs 100-115 per equity share with the face value Rs 10 each.
The IPO, which opened on December 7, was subscribed only about 1.67 times reflecting a muted investor sentiment. The IPO closed on December 9.