Active Stocks
Tue Dec 05 2023 13:53:27
  1. Tata Steel share price
  2. 131.55 0.46%
  1. Power Grid Corporation Of India share price
  2. 220.2 3.43%
  1. ICICI Bank share price
  2. 1,013.75 2.34%
  1. State Bank Of India share price
  2. 608.1 2.26%
  1. NTPC share price
  2. 282.5 2.8%
Business News/ Markets / Ipo/  JSW Infrastructure share price debuts at 20% premium at 143 on NSE and BSE
Back Back

JSW Infrastructure share price debuts at 20% premium at ₹143 on NSE and BSE

JSW Infrastructure price listed at a premium of 20.2% on the NSE and BSE, with a share price of ₹143.

JSW Infrastructure IPO lists on NSE and BSE today.Premium
JSW Infrastructure IPO lists on NSE and BSE today.

JSW Infrastructure IPO listing date: JSW Infrastructure share price listed on the bourses at a premium on Tuesday. On the NSE and BSE, JSW Infrastructure share price today was listed at 143 per share, 20.2% higher than the issue price of 119. Following a decent listing, JSW Infra shares hit 10% upper circuit.

JSW Infrastructure share price ended at at 157.30 per share on the BSE and NSE, a 32.18% premium. The total number of shares traded on the NSE was 1221.17 lakh, while the total number of shares traded on the BSE was 57.99 lakh. Day 1's total turnover (BSE+NSE) was Rs. 1,849.28 crore.

According to the BSE and NSE, the company's market capitalization at today's closing price was Rs. 33,033.02 crore.

Also Read: JSW Infrastructure IPO listing date today. GMP, experts predict strong debut of shares

JSW Infra IPO opened for subscription on Monday, September 25, and closed on Wednesday, September 27. JSW Infrastructure price band of the public offer was set in the range of 113 to 119.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

JSW Infrastructure Limited IPO had reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15% for Non Institutional Investors (NII), and not more than 10% of the offer is reserved for Retail Investors.

Also Read: JSW Infrastructure IPO subscribed 43% on day 1; retail portion oversubscribed

JSW Infrastructure IPO details

JSW Infra IPO comprises a fresh issuance of 2,800 crore worth of shares, there's no offer for sale (OFS) component.

According to Red Herring Prospectus (RHP), the company plans to invest the net proceeds from the offering into its fully owned subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Ltd, in order to prepay or repay all or a portion of certain outstanding borrowings.

Also Read: JSW Infrastructure IPO: Issue fully booked on day 2; retail portion subscribed over 4 times

The company also intends to finance capital expenditure requirements through investment in its wholly owned subsidiary, JSW Jaigarh Port Ltd, for proposed expansion/upgradation works at Jaigarh Port, including the expansion of the LPG terminal, the establishment of an electric sub-station, and the purchase and installation of a dredger.

JM Financial Ltd, Axis Capital Ltd, Credit Suisse Securities (India) Private Ltd, DAM Capital Advisors Ltd, HSBC Securities and Capital Markets (India) Private Ltd, ICICI Securities Ltd, Kotak Mahindra Capital Company Ltd, and SBI Capital Market Ltd are the book running lead managers to the Offer. KFin Technologies Ltd is the offer's registrar.

Also Read: JSW Infrastructure IPO: What does GMP signal ahead of share listing?

JSW Infra IPO GMP today

JSW Infrastructure IPO GMP today or or grey market premium is +31 similar to the previous two trading session. This indicated that JSW Infra share price were trading at a premium of 31 in the grey market on Tuesday, according to

Considering the upper end of the JSW Infrastructure Limited IPO price band and the current premium in the grey market, the estimated listing price of JSW Infra share price was 150 apiece, which is 26.05% higher than the IPO price of 119.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: JSW Infra IPO: Issue booked over 37 times on last day so far; check GMP, should you subscribe?


Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Catch all the Elections News, Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 03 Oct 2023, 10:00 AM IST
Next Story footLogo
Recommended For You

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App