JSW Infrastructure IPO: Issue to open on September 25, close on September 27: Report

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₹2,800 crore IPO by the end of this month. As per reports, the JSW Infrastructure IPO will open on September 25 and close on September 27. Also Read: JSW Infra gets Sebi nod for its ₹2,800 crore IPO The ports business of the $23 billion JSW Group had filed draft papers for its IPO in May, aimed at retiring debt and fund its capacity expansion plans.

JSW Infrastructure IPO comprises only a fresh issue by the company and does not have an offer-for-sale component. The IPO price band will be announced in the coming days. The company is expected to finalise the basis of allotment of IPO shares on October 3, and the shares will be credited to demat accounts of eligible allottees on October 5, while the refunds will be initiated or funds will be unblocked from ASBA account by October 4.

JSW Infrastructure shares are proposed to be listed on the BSE and the National Stock Exchange on October 6. The book running lead managers to the JSW Infrastructure IPO are 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 Markets Ltd. JSW Infrastructure IPO will be the third public listing from the Sajjan Jindal-led JSW Group, 13 years after JSW Energy Ltd went public in January 2010.