JSW Infrastructure IPO day 2: Check live subscription details here

26 Sep 2023 , 11:32 AM

The initial public offering (IPO) of JSW Infrastructure, a provider of maritime-related services, has kicked off with a subscription rate of 43% on its opening day. This IPO, aimed at raising Rs 2,800 crore, consists entirely of fresh issue shares, meaning that the entire capital raised will be channeled into the company’s growth initiatives. Click here to subscribe the IPO.

The IPO is offered in a price band of Rs 113 to Rs 119 per equity share.

On the second day of the subscription period, by 11.25 AM, the IPO witnessed a substantial surge in demand, with a subscription rate of 75%. Retail investors played a significant role, oversubscribing their portion by 2.41 times, while non-institutional investors also showed interest, with a subscription rate of 1.09 times. In contrast, the qualified institutional investors (QIBs) portion saw a subscription rate of only 3%.

JSW Infrastructure, in collaboration with the BSE, is expected to finalize the basis of IPO share allotment by October 3, in accordance with the IPO schedule. Trading in JSW Infrastructure’s equity shares on the BSE and NSE is scheduled to commence from October 6.