JSW Infrastructure IPO: What does GMP signal ahead of share listing?
Also Read: Stock market holiday: BSE, NSE to remain closed today for Mahatma Gandhi Jayanti JSW Infrastructure IPO will be the second after RR Kabel IPO that will list in the T+2 timeline. JSW Infra IPO was opened from September 25 to September 27. The IPO share allotment was finalised on September 28.
The ₹2,800-crore public issue of the JSW Group was subscribed 37.37 times in total. The retail investors’ portion was booked 10.32 times, while the Qualified Institutional Buyers (QIB) bought 57.09 times the allotted quota and Non-Institutional Investors (NII) subscribed for 15.99 times the portion set aside for them. Also Read: Updater Services IPO allotment finalised today: GMP, here's how to check allotment status, other details JSW Infrastructure shares will be listed on Tuesday, October 3, on BSE and NSE.
Considering the strong demand from investors and JSW Infra IPO gmp today, or grey market premium today, the shares of JSW Infrastructure Ltd are likely to see around 20% to 26% listing premium. The JSW Infra IPO GMP today is ₹31 per share, as per market observers. This indicates that the shares of JSW Infrastructure are trading higher by ₹31 than their issue price, in the grey market.
The GMP signals JSW Infra listing price of ₹150 per share, which is at 26% premium to the issue price. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) JSW Infrastructure IPO opened for subscription on September 25 and closed on September 27. The total issue size of JSW Infra IPO was ₹2,800 crore which was entirely a fresh issue of 23.53 crore share.
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