JSW Infrastructure IPO Listing Highlights: Strong debut for JSW Infra, shares list at premium of 20%
JSW Infrastructure IPO Listing Highlights, JSW Infra Share Price BSE & NSE: Shares of JSW Infrastructure Limited made a strong debut at Dalal Street as they got listed at Rs 143, a premium of around 20 per cent against the issue price of Rs 119, on the BSE. Earlier, JSW Infrastructure - a part of the JSW Group - got a good response from the investors as the IPO was subscribed 37.37 times on the last day of bidding. As a result, the shares are expected to have a strong debut on Dalal Street.
Also, JSW Infrastructure will make its market debut within two trading days after completing its Initial Public Offering (IPO) last week.
Follow Zee Business Highlights for all the latest updates on JSW Infrastructure IPO Listing:
JSW Infrastructure IPO Listing Highlights, JSW Infra Share Price BSE & NSE: Shares of JSW Infrastructure Limited made a strong debut at Dalal Street as they got listed at Rs 143, a premium of around 20 per cent against the issue price of Rs 119, on the BSE. Earlier, JSW Infrastructure - a part of the JSW Group - got a good response from the investors as the IPO was subscribed 37.37 times on the last day of bidding. As a result, the shares are expected to have a strong debut on Dalal Street.
Also, JSW Infrastructure will make its market debut within two trading days after completing its Initial Public Offering (IPO) last week.
Follow Zee Business Highlights for all the latest updates on JSW Infrastructure IPO Listing:
Latest Updates
JSW Infra IPO Listing LIVE Updates: Shares jump around 8%
After making a strong debut, shares of JSW Infrastructure jumped around 9 per cent in the early trade. Last seen, it was trading at Rs 154.65.
JSW Infra IPO Listing LIVE Updates: Shares list at a premium of over 20%
Shares of JSW Infrastructure made a strong debut at Dalal Street as they got listed on the BSE at Rs 143., a premium of over 20 per cent against the issue price of Rs 119.
JSW Infra IPO Listing LIVE Updates: Shares list at a premium of over 25%
Shares of JSW Infrastructure made a strong debut at Dalal Street as they got listed on the BSE at Rs 148.75, a premium of over 25 per cent against the issue price of Rs 119.
JSW Infra IPO Listing LIVE Updates: Expansion plan
Further, Rs 103.88 crore will be used for the purchase and installation of a dredger and Rs 151.04 crore for the proposed expansion at Mangalore Container Terminal, the company said.
JSW Infra IPO Listing LIVE Updates: JSW Infrastructure share price settles at Rs 143 on NSE
JSW Infrastructure IPO is all set to list at Rs 143 on the NSE, a premium of 20 per cent.
JSW Infra IPO Listing LIVE Updates: Anil Singhvi's view on JSW Infrastructure
Anil Singhvi, Managing Editor, Zee Business, recommended subscribing to the issue for reasonable listing gains and long-term. According to him, JSW Infra is a ‘must have in portfolio’ stock.
JSW Infra IPO Listing LIVE Updates: JSW Infrastructure shares to become available for trade from 10 am
Shares of JSW Infrastructure will be listed on the BSE and NSE at around 9:45 am in a special pre-open session during Tuesday deals and they will become available for trade from 10:00 am onwards.
JSW Infra IPO Listing LIVE Updates: Proceeds will be used to repay debt
Proceeds of the JSW Infrastructure issue to the tune of Rs 880 crore will be used to repay debt, Rs 865.75 crore to finance capital expenditure requirements for an LPG terminal project, Rs 59.4 crore for setting up an electric sub-station, as per a circular.
JSW Infra IPO Listing LIVE Updates: Who were the managers
JM Financial, Axis Capital, Credit Suisse Securities (India), DAM Capital Advisors, HSBC Securities and Capital Markets (India), ICICI Securities, Kotak Mahindra Capital Company and SBI Capital Markets were the managers of the offer.
JSW Infra IPO Listing LIVE Updates: What does the company do?
JSW Infrastructure, a port-related infrastructure company, provides maritime-related services, including cargo handling, storage solutions, logistics services, and other value-added services to its customers.
JSW Infra IPO Listing LIVE Updates: Price range of Rs 113-119
The public issue of JSW Infrastructure was entirely a fresh issue of equity shares. The Rs 2,800-crore IPO had a price range of Rs 113-119 per share.
JSW Infra IPO Listing LIVE Updates: JSW Infrastructure subscribed 37.37 times
The initial public offering (IPO) of JSW Infrastructure got a good response from investors and was subscribed 37.37 times on the last day of bidding on Wednesday.