NEW DELHI: JSW Infrastructure, a component of the JSW Group, on Friday collected Rs 1,260 crore from anchor investors, days earlier than its Initial Public Offering (IPO). The firm has allotted 10.58 crore fairness shares to 65 funds at Rs 119 apiece, which can be the higher finish of the value band, in line with a round uploaded on the BSE web site.
Government of Singapore, Monetary Authority of Singapore, Morgan Stanley Investment Funds, Max Life Insurance Company, Bajaj Allianz Life Insurance Company, Ask Investment Fund, SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, UTI MF, Sundaram MF, Tata MF, Nippon India MF and Aditya Birla Sun Life MF are among the many anchor investors.
The public concern is fully a recent concern of fairness shares value Rs 2,800 crore. Investors can bid for a minimal of 126 fairness shares and in multiples of 126 fairness shares thereafter. The concern, with a worth band of Rs 113-119 per share, will open for public subscription throughout September 25-27.
Proceeds of the problem to the tune of Rs 880 crore will likely be used to pay debt, Rs 865.75 crore to finance capital expenditure necessities for an LPG terminal undertaking, Rs 59.4 crore for setting up an electrical sub-station, Rs 103.88 crore for the acquisition and set up of a dredger and Rs 151.04 crore for the proposed enlargement at Mangalore Container Terminal, as per the round.
These aside, the proceeds will even be used for normal company functions.
JSW Infrastructure, a port-related infrastructure firm, supplies maritime-related companies, together with cargo dealing with, storage options, logistics companies, and different value-added companies to its prospects.
As on June 30, 2023, the corporate’s put in cargo dealing with capability was 158.43 million tonnes every year.
JM Financial, Axis Capital, Credit Suisse Securities (India) Pvt Ltd, DAM Capital Advisors, HSBC Securities and Capital Markets (India) Pvt Ltd, ICICI Securities, Kotak Mahindra Capital Company, and SBI Capital Markets are the ebook working lead managers to the problem.
Government of Singapore, Monetary Authority of Singapore, Morgan Stanley Investment Funds, Max Life Insurance Company, Bajaj Allianz Life Insurance Company, Ask Investment Fund, SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, UTI MF, Sundaram MF, Tata MF, Nippon India MF and Aditya Birla Sun Life MF are among the many anchor investors.
The public concern is fully a recent concern of fairness shares value Rs 2,800 crore. Investors can bid for a minimal of 126 fairness shares and in multiples of 126 fairness shares thereafter. The concern, with a worth band of Rs 113-119 per share, will open for public subscription throughout September 25-27.
Proceeds of the problem to the tune of Rs 880 crore will likely be used to pay debt, Rs 865.75 crore to finance capital expenditure necessities for an LPG terminal undertaking, Rs 59.4 crore for setting up an electrical sub-station, Rs 103.88 crore for the acquisition and set up of a dredger and Rs 151.04 crore for the proposed enlargement at Mangalore Container Terminal, as per the round.
These aside, the proceeds will even be used for normal company functions.
JSW Infrastructure, a port-related infrastructure firm, supplies maritime-related companies, together with cargo dealing with, storage options, logistics companies, and different value-added companies to its prospects.
As on June 30, 2023, the corporate’s put in cargo dealing with capability was 158.43 million tonnes every year.
JM Financial, Axis Capital, Credit Suisse Securities (India) Pvt Ltd, DAM Capital Advisors, HSBC Securities and Capital Markets (India) Pvt Ltd, ICICI Securities, Kotak Mahindra Capital Company, and SBI Capital Markets are the ebook working lead managers to the problem.
