JSW Infra has reserved 10 percent of the offer for retail investors, 75 percent has been reserved for qualified institutional buyers and 15 percent for non-institutional investors
JSW Infra IPO will open for subscription on September 25 and run till September 27. The company looks to raise Rs 2800 crore from initial share sale, which will be a first from JSW Group in nearly 13 years. The company had filed the draft prospectus with Sebi in May this year.
The port business of the $23 billion group had earlier in the year filed draft papers for a ₹2,800 crore IPO with an aim to retire the debt and furthermore fund the capacity expansion plans of the company.