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JSW Energy IPO to open on Dec 7, with 60% to QIBs

This article was posted on Dec 1, 2009 and is filed under IPO Views

JSW Energy will open its Initial Public Offer (IPO) on December 7, to raise Rs 2,700 crore. The issue will close on December 10.

SW Energy has 860 Mw of operational generating capacity and 2,790 Mw of generating capacity in the construction or implementation stage. In addition, it has power generation projects at an early stage under development, with a proposed combined installed capacity of 7,740 Mw.

In the recent IPOs, power sector companies like Adani Power had raised Rs 3,020 crore and Indiabulls Power raised Rs 1,700 crore. India is facing a shortage of about 25,000 Mw power during peak time. Plans are to add close to 78,000 Mw of power during the current five-year plan.

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