JSW Energy Ltd ipo Deatils
After 15 years, the Jindal Group is going public again.
JSW Energy Ltd. (JSWEL) is a group company of Jindal South West (JSW) group headed by Mr.Sajjan Jindal.
JSW Energy Ltd has fixed the price band for the forthcoming IPO between Rs.100 and Rs.115 per equity share with a face value of Rs 10 each.
The issue is being run through a 100-per cent book-building process, which would determine the final pricing.The public issue would open on December 7 and will close on December 9th 2009.
JSW Energy has offered Rs.5 discount per share for individual retail investors in the IPO.
JSW Energy will be the 4th power generation company to enter capital market this year after state-run NHPC, Adani Power and Indiabulls Power.
For the initial public offer (IPO) of shares seven anchor investors were roped in which includes Eton Park International, Reliance Capital, Deutsche Securities, Credit Suisse, Valiant Mauritius Partners, Highfields Capital Management and Valiant Mauritius Partners Offshore