JSW Infrastructure IPO opens on Monday. What GMP signals ahead of subscription
The price band for the IPO has been fixed at Rs 113-119 a share.
JSW Infrastructure is the fastest growing port-related infra company in installed cargo handling capacity and cargo volumes handled during FY21-23, and the second largest domestic commercial port operator by cargo handling capacity in FY23.
Ahead of the IPO, the company raised Rs 1,260 crore through the allotment of shares to anchor investors. The company has allotted 10,58,82,352 shares to anchor investors at Rs 119 apiece.
About 11 mutual funds participated in the pre-IPO placement through a total of 28 schemes.
SBI Mutual Fund, ICICI Prudential MF, HDFC Mutual Fund, Nippon India MF, Aditya Birla Sun Life MF, Sundaram MF, Franklin Templeton, UTI MF, Tata AMC, and Baroda BNP Paribas MF are the mutual funds that participated in the anchor placement of shares.
Among foreign portfolio investors, the Government of Singapore was allotted 5.6% of the total anchor placement.
