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JSW Energy makes a slient debut
This article was posted on Jan 4, 2010 and is filed under IPO Views
JSW Energy which had its listing today in NSE and BSE, opened up at its days high of 106.00 and then slipped below its IPO price of 100, it made a Intraday low of 99.90 and finally manged to close at 100.85.
The company had raised $579 million in the IPO that was subscribed 1.7 times when it closed on December 9, with institutional investors making up for the shortfall in retail demand.
The 270-million-share offering was priced at the lower end of Rs 100-115 band.
JSW Energy’s IPO of 270 million shares closed on December 9 and was subscribed 1.7 times, with institutional investors making up for a shortfall in retail demand.
Tags: expert views on IPO, ipo listing dates, jsw energy, JSW energy IPO view
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