JSW Infrastructure IPO Listing: The IPO of Sajjan Jindal’s company JSW Infrastructure was open for subscription to investors from 25 September to 27 September and its closing date will be tomorrow i.e. Tuesday 3 October 2023 Listing is going to happen. JSW Infrastructure’s IPO received an overwhelming response from institutional investors, due to which the JSW Infrastructure IPO closed with a total subscription of 37.37 times. The premium of this company in the gray market i.e. GMP is indicating that there can be a great listing of the company’s shares.
JSW Infrastructure’s shares will be listed on Tuesday, October 3
The IPO of JSW Infrastructure was open from 25 to 27 September 2023 and at the face value of Rs 2, the company had fixed the price band of Rs 113 to 119 per share. According to the notice of BSE, the equity stocks of JSW Infrastructure Limited will be listed on Tuesday, October 3 and their transactions will be done on Securities ‘B’ Will be in the group list.
Know the indication of listing from GMP
The GMP of JSW Infrastructure shares was at Rs 31 till this time (Sunday evening), that is, if the listing happens on similar lines, then investors can see the shares with price band of Rs 119 listed at Rs 150. That means a direct listing gain of 26 percent can be achieved. Finally, after 13 years, the IPO of a JSW Group company has been launched and there is enthusiasm among investors for it.
Know how much IPO was filled in which category
The category of retail investors has subscribed a total of 10.31 times in the IPO of JSW Infrastructure. According to BSE data, a total of 7,43,36,284 shares were reserved for institutional investors in the IPO and the reserve quota for institutional investors was closed by being subscribed a total of 57.09 times. The category of non-institutional investors was subscribed a total of 16 times. The company is going to raise Rs 2800 crore through IPO.
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