Investors cheered as JSW Infrastructure IPO made a stellar debut on both NSE and BSE, opening at a 20.2% premium, with shares priced at ₹143. The impressive start saw JSW Infra shares hitting the 10% upper circuit.
The stock soared further, ending the day at ₹157.30 per share on both exchanges, boasting a remarkable 32.18% premium. Trading was robust, with a significant volume of shares changing hands.
JSW Infrastructure's market capitalization at the closing price stood at Rs. 33,033.02 crore, according to the BSE and NSE.
Journey to Success: JSW Infra IPO Details
JSW Infra's IPO, open for subscription from September 25 to September 27, witnessed robust demand. The IPO was priced in the range of ₹113 to ₹119, garnering substantial interest from investors.
The IPO comprises a fresh issuance of ₹2,800 crore worth of shares, with no offer for sale (OFS) component. The net proceeds from the IPO will fuel growth, with planned investments in JSW Dharamtar Port Private Limited and JSW Jaigarh Port Ltd, aiming to repay outstanding borrowings and finance crucial expansion projects.
Strong Backing: Leading Book Running Lead Managers
JSW Infrastructure's IPO is steered by eminent book running lead managers including JM Financial Ltd, Axis Capital Ltd, Credit Suisse Securities (India) Private Ltd, DAM Capital Advisors Ltd, HSBC Securities and Capital Markets (India) Private Ltd, Kotak Mahindra Capital Company Ltd, ICICI Securities Ltd, and SBI Capital Market Ltd.
The IPO's registrar is KFin Technologies Ltd.
Investor Excitement: Grey Market Premium
In the grey market, JSW Infra IPO commanded a premium of ₹31, reflecting the high enthusiasm among investors. This signals strong investor confidence and a willingness to pay over the issue price.
The great debut of JSW Infrastructure IPO shows positive sentiment of investors, which is a good sign for market future.