Key Points
The IPO, which is entirely a fresh equity issue of Rs 2,800 crore, was subscribed 37 times at close.ETMarkets.com..
After a robust response to the IPO, the shares of JSW Infrastructure debuted at a premium of 20.2% on Tuesday..
"Since the company enjoys a strong parentage of JSW Group which has a presence in various sectors in India and offers customer stickiness in the long term, we believe the IPO is reasonably priced..
JSW Infrastructure is the fastest growing port-related infra company in terms of growth 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...
"In addition to partnering with JSW Group customers to pursue their growth strategies, they have diversified their customer base to include third-party customers across geographies and have expanded their cargo mix by leveraging their locational advantage and maximizing asset utilization," Shah added...
You might be interested in
Inox India IPO opens for subscription. Should you apply?
14, Dec, 23Inox India IPO is completely an offer for sale (OFS) of 2.21 crore shares with a face value of Rs 2 each. There is no fresh issue segment in the IPO. The company has fixed a price band of Rs 627-660, where investors can bid for a minimum of 22 shares in one lot. Under the OFS, Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, Ishita Jain, Manju Jain, and Lata Rungta among others will offload shares.
Server maker Netweb Technologies to float IPO on July 17
16, Jul, 23The IPO has a fresh issue of equity shares to the tune of ₹206 crore and an offer for sale of 85 lakh equity shares by the promoters.
Inox India IPO fully subscribed on strong retail interest. Check GMP and other details
14, Dec, 23The initial public offer (IPO) of Inox India was fully subscribed on the first day of bidding. The issue was booked 1.17x so far, driven by strong interest from retail and HNI investors.
Pyramid Technoplast among 5 IPOs to watch out for this week
13, Aug, 23Pyramid Technoplast aims to raise anywhere between Rs 139 crore - Rs 153 crore through the IPO, and the post implied market cap is likely to be around Rs 611 crore.
Cyient DLM, Healthvista India among 4 cos to get Sebi’s go-ahead to launch IPO
05, Apr, 23Going by the draft papers, IT solutions major Rashi Peripherals' IPO is entirely fresh issue of equity shares worth Rs 750 crore with no offer for sale (OFS) component.
Tata Tech IPO subscribed nearly 15 times on day 2, retail portion over 11 times
23, Nov, 23The Tata Group company, which has launched its first IPO in the last two decades, plans to raise Rs 3,042 crore through the public issue.
Jupiter Life Line Hospitals files IPO papers with Sebi; to raise Rs 615-cr via fresh issue
12, May, 23The IPO comprises fresh issue of equity shares worth Rs 615 crore and an offer for sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders, according to the draft red herring prospectus (DRHP).
India Shelter Finance IPO opens today. Should you subscribe to the issue?
13, Dec, 23India Shelter Finance IPO comprises a fresh equity issue of Rs 800 crore and an offer for sale (OFS) of Rs 400 crore. The issue is priced in the range of Rs 469-493. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.
JG Chemicals IPO opens for subscription. Should you bid?
05, Mar, 24The IPO of JG Chemicals opened for subscription. It includes a fresh equity issue and an offer for sale. The proceeds will be used for investment in its material subsidiary, debt repayment, capex, working capital, and general corporate purposes.
From Tata Technologies to IREDA, IPOs expected this year after Diwali
11, Nov, 23After Diwali ends, several IPOs are expected by the end of this year.