JSW Infrastructure IPO: Bidding for the initial public offering (IPO) of JSW Infrastructure Ltd opened on 25th September 2023 and the issue will remain open till 27th September 2023. The book build issue has been offered at a price band of ₹113 to ₹119 per equity share and the public issue has been subscribed 0.43 times on day one of bidding. According to stock market observers, shares of JSW Infrastructure Limited are available at a premium of ₹21 in grey market today.
As per the market observers, JSW Infrastructure IPO grey market premium (GMP) today is ₹21, which is ₹4 higher from yesterday's GMP of ₹17. They said that Indian stock market snapping its four days beating on Monday could be the possible reason for rise in grey market sentiments in regard to the public issue. They said that in case of trend reversal on Dalal Street, this sentiment may further improve as the market has remained dull for near one week.
Click here to read: JSW Infra raises ₹1,260 crore through anchor investors The book build issue has been subscribed 0.43 times after one day of bidding. The retail portion of the public offer got subscribed 1.38 times whereas its NII and QIB portion got subscribed 0.60 times and 0.03 times respectively. By 10:12 AM on day three of bidding, the public issue has been subscribed 0.55 times whereas its retail portion has been subscribed 1080 times.
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