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JSW Energy IPO to open 7 December, targets Rs2,700 crore

JSW Energy IPO to open 7 December, targets Rs2,700 crore
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First Published: Tue, Nov 24 2009. 12 14 AM IST
Updated: Tue, Nov 24 2009. 12 14 AM IST
Mumbai: JSW Energy Ltd, the power generation unit of the JSW group, plans to raise Rs2,700 crore through an initial public offer that will be open 7 December through 9 December, said Sajjan Jindal, vice chairman, JSW Steel Ltd, in Mumbai on Monday.
He did not disclose the extent of equity dilution, saying it would be clear once the price band for the offer is announced on 3 December.
The issue has been graded by rating agency CARE Ltd as Grade 4, indicating above-average fundamentals. JM Financial Consultants Pvt Ltd, Kotak Mahindra Capital Ltd., ICICI Securities Ltd., IDFC-SSKI Ltd., JP Morgan India Ltd., SBI Capital Markets Ltd., Morgan Stanley India Ltd. and IDBI Capital market Services ltd are the book running lead managers to the issue.
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First Published: Tue, Nov 24 2009. 12 14 AM IST