JSW Energy prices IPO at lower end, gets $579 m

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JSW Energy prices IPO at lower end, gets $579 m

This article was posted on Dec 16, 2009 and is filed under Press Releases

JSW Energy has raised Rs 2700 crore ($579 million) in its initial public offer after it priced the sale at the lower end of the 100-115 rupees per share band following a tepid investor response.

The company will issue shares to retail individual bidders at a Rs 5 discount to the issue price, it said in a newspaper advertisement on Tuesday.

The offering is the third-largest IPO from a power producer in India this year, behind state-run NHPC and private-sector utility Adani Power.

Tags: JSW Energy prices IPO, JSW IPO listing, listing date of JSW Energy IPO, live IPO prices, new IPO in 2010

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