Shares of JSW Infrastructure surged nearly 8.5% after receiving a LoA worth ₹4,119 crore for the development of an all-weather, deep-water, greenfield port at Keni in Karnataka. The proposed port aims to address the rising import and export trade momentum of the region.
After a subdued beginning to 2023, the IPO market has seen heightened activity in the past couple of months. Considering the strong pipeline, there’s hope this may continue for some time yet
JSW Infrastructure has priced the issue in the range of Rs 113-119 per share. The IPO, which is entirely a fresh equity issue of Rs 2,800 crore, was subscribed 37 times at close.
JSW Infrastructure IPO: Analysts recommend holding the JSW Infra stock for the long term owing to the company’s strong fundamentals and JSW group’s strong presence
At 10 am, JSW Infrastructure shares were trading at Rs 142.50 apiece on the Bombay Stock Exchange (BSE) and Rs 143 apiece on the National Stock Exchange.