iconiifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

JSW Infrastructure IPO to close today: Check live subscription details here

27 Sept 2023 , 01:30 PM

The initial public offering (IPO) of JSW Infrastructure, a subsidiary of the JSW Group, has garnered strong investor interest and was subscribed 10.47 times on the final day of bidding, September 27. Investors placed bids for 1.42 crore equity shares, significantly surpassing the issue size of 13.62 crore shares.

Retail investors, who hold a 10% reservation in the public issue, demonstrated robust enthusiasm by subscribing 7.60 times their allotted quota. High-net-worth individuals, with a 15% allocation, subscribed 10.37 times.

Qualified institutional buyers (QIBs), typically long-term investors, showed significant interest by bidding 11.47 times their reserved portion, which constitutes 75% of the total issue size.

As outlined in the Red Herring Prospectus (RHP), JSW Infrastructure plans to utilize the net proceeds from the IPO to support its fully-owned subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Ltd. These funds will be directed toward prepaying or repaying certain outstanding borrowings. Additionally, the company intends to finance capital expenditure requirements, including expansion and upgrading initiatives at Jaigarh Port, such as the expansion of the LPG terminal, the establishment of an electric sub-station, and the acquisition and installation of a dredger.

JSW Infrastructure IPO

Related Tags

  • JSW infrastructure IPO
  • JSW Infrastructure IPO gmp
  • JSW Infrastructure IPO gmp today
  • JSW Infrastructure IPO today subscription
sidebar mobile


Read More

Most Read News

4 Mar 2024   |   09:10 AM
4 Mar 2024   |   06:22 PM
4 Mar 2024   |   08:40 AM
4 Mar 2024   |   06:37 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.