JSW Group Shares of company JSW Infrastructure will be listed on the stock market on Tuesday, two days after the closing of the initial public offering (IPO). The company’s IPO came last week. The IPO was subscribed 37.37 times on the last day of bidding on Wednesday. The price range under JSW Infrastructure’s Rs 2,800 crore IPO was Rs 113-119 per share. This is an entirely new issue of shares. According to a BSE notice, the equity shares of JSW Infrastructure Limited will be listed on Tuesday, October 3 and will be traded in the ‘B’ group of securities.
SEBI has reduced the deadline for listing
Stock markets are closed on Monday on the occasion of Gandhi Jayanti. Capital markets regulator SEBI had reduced the deadline for listing of shares on stock exchanges from six days (T+6) to three days (T+3) after the closure of IPOs in August. At present this deadline is voluntary for all public issues, but it will be mandatory to do so after December 1, 2023.
Had raised Rs 1,260 crore from anchor investors
JSW Infrastructure had raised Rs 1,260 crore from anchor investors. The funds raised from the IPO will be used for repayment of loans, establishment and expansion of new projects and general company functioning.
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