JSW Infra Sets IPO Price Band at Rs 113-119, Aims to Raise Rs 2,800 Crore"

JSW Infrastructure is gearing up to launch its Initial Public Offering (IPO) with a price band set at Rs 113-119 per share. The company is eyeing an ambitious goal of raising Rs 2,800 crore through this IPO, marking a significant financial move for the JSW Group after nearly 13 years.

IPO Subscription Dates:

The JSW Infra IPO is scheduled to open for subscription on September 25, 2023, and will run until September 27, 2023.

Investors will have a brief window to participate in this crucial offering.

JSW Group's Return to the IPO Market:

JSW Group is making a remarkable return to the IPO market after a hiatus of nearly 13 years.

This strategic move underlines the company's commitment to expansion and growth in the infrastructure sector.

Raising Rs 2,800 Crore:

JSW Infra's IPO aims to mobilize Rs 2,800 crore, showcasing its ambitious capital-raising efforts.

The funds generated from the IPO will be instrumental in supporting the company's growth initiatives and enhancing its infrastructure projects.

Filing with SEBI in May:

JSW Infra initiated the IPO process by filing the draft prospectus with the Securities and Exchange Board of India (SEBI) in May of this year.

Since then, the company has been meticulously preparing for this significant market debut.

Conclusion:

JSW Infra's decision to enter the IPO market with a substantial goal of raising Rs 2,800 crore is poised to make a significant impact on the infrastructure sector. The price band of Rs 113-119 per share offers investors an opportunity to participate in theZ growth story of JSW Infrastructure. As the IPO subscription window opens, market participants will be closely watching the response, anticipating another milestone in the company's journey toward infrastructure excellence.