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MUMBAI: JSW Infrastructure, which is going public through a Rs 2,800-crore IPO, raised Rs 1,260 crore from a clutch of foreign and domestic investors on Friday by allocating 10.6 crore shares at a price of Rs 119 per share. The bidding for the IPO will open on September 25 and close on September 27.
Foreign investors who participated in the anchor round included GIC and Fullerton, both from Singapore, along with Morgan Stanely, HSBC Global, Theleme and Pictet, among others.
Among the domestic investors were SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF and Nippon MF. Private insurance majors like SBI Life, Birla Life and Bajaj Allianz Life also participated in the anchor round.
JSW Infra – India’s second largest commercial port operator in terms of cargo handling capacity – has set a price band of Rs 113 to Rs 119 for the IPO.
Proceeds of the issue to the tune of Rs 880 crore will be used to pay debt, while Rs 866 crore will be used to finance capital expenditure requirements for an LPG terminal project, a circular said.
Foreign investors who participated in the anchor round included GIC and Fullerton, both from Singapore, along with Morgan Stanely, HSBC Global, Theleme and Pictet, among others.
Among the domestic investors were SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF and Nippon MF. Private insurance majors like SBI Life, Birla Life and Bajaj Allianz Life also participated in the anchor round.
JSW Infra – India’s second largest commercial port operator in terms of cargo handling capacity – has set a price band of Rs 113 to Rs 119 for the IPO.
Proceeds of the issue to the tune of Rs 880 crore will be used to pay debt, while Rs 866 crore will be used to finance capital expenditure requirements for an LPG terminal project, a circular said.
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