₹113 to ₹119. Bids can be made for a minimum of 126 equity shares and in multiples of 126 equity shares thereafter. JSW Infra IPO's retail investors portion was subscribed 97%, NII portion was subscribed 27%, and Qualified Institutional Buyers (QIB) portion did not receive much response so far.
Also Read: IPOs This Week: JSW Infra IPO to Arabian Petroleum IPO; 16 new issues, 8 listings to keep primary market buzzing JSW Infrastructure IPO has received bids for 3,42,74,142 shares against 13,62,83,186 shares on offer, at 14:42 IST, according to data from the BSE. JSW Infra IPO retail investors' portion received bids for 2,40,90,570 shares against 2,47,78,761 shares on offer for this segment. JSW Infrastructure IPO's non-institutional investors' portion received bids for 1,01,54,340 shares against 3,71,68,141 on offer for this segment.
JSW Infra IPO's Qualified Institutional Buyers (QIBs) portion received bids for 29,232 shares against 7,43,36,284 on offer for this segment. Also Read: JSW Infra IPO opens today: GMP, review, other key details to know. Should you subscribe? JSW Infra IPO comprises a fresh issuance of ₹2,800 crore worth of shares, there's no offer for sale (OFS) component.
According to Red Herring Prospectus (RHP), the company plans to invest the net proceeds from the offering into its fully owned subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Ltd., in order to prepay or repay all or a portion of certain outstanding borrowings. Also Read: JSW Infrastructure IPO opens next week. GMP, review, other details in 10 points The company also intends to finance capital expenditure requirements through investment in its wholly owned subsidiary, JSW Jaigarh Port Ltd, for proposed
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