JSW Infrastructure IPO Listing On October 3: What Does GMP Today Indicate?

JSW Infrastructure IPO: The initial public offering of JSW Infrastructure, which was open for public subscription between September 25 and September 27, is going to make its stock market debut with shares listing on both BSE and NSE on Tuesday, October 3. The company has switched to T+3 listing. The IPO allotment was finalised on October 29.

The Rs 2,800-crore IPO was subscribed about 38 per cent, receiving bids for 5,09,32,86,660 shares against 13,62,83,186 shares on offer.

JSW Infrastructure IPO GMP Today

According to market observers, JSW Infrastructure Ltd is currently trading Rs 31 higher in the grey market. The Rs 31 grey market premium or GMP is about 26.05 per cent higher than its upper issue price of Rs 119 per share. This means the grey market is expecting a 26.05 per cent listing gain from the public issue.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

JSW Infrastructure IPO: How To Check Allotment Status

Step 1: Visit https://ris.kfintech.com/ipostatus/

Step 2: You will see 5 links. Click any of them.

Step 3: In the ‘Select IPO’ option, choose ‘JSW Infrastructure Limited’.

Step 4: Enter application number or demat account, or PAN.

Step 5: Enter Captcha, and click on ‘Submit’.

Alternatively, you can also check IPO allotment status on BSE’s website:

Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select ‘Equity’

Step 3: In the ‘Issue Name’, Choose ‘JSW Infrastructure Limited’

Step 4: Enter application number or PAN number

Step 5: Check ‘I’m not a robot’ and click on search.

JSW Infrastructure IPO Details

The IPO of up to Rs 2,800 crore had a price range of Rs 113-119 a share. The public issue was entirely a fresh issue of equity shares. JSW Infrastructure on Friday collected Rs 1,260 crore from anchor investors.

The proceeds of the issue to the tune of Rs 880 crore will be used to repay debt, Rs 865.75 crore to finance capital expenditure requirements for an LPG terminal project, Rs 59.4 crore for setting up an electric sub-station, as per the circular.

Further, Rs 103.88 crore will be used for the purchase and installation of a dredger and Rs 151.04 crore for the proposed expansion at Mangalore Container Terminal, it said.

These apart, the proceeds will also be used for general corporate purposes. JSW Infrastructure, a port-related infrastructure company, provides maritime-related services, including cargo handling, storage solutions, logistics services, and other value-added services to its customers.

JM Financial, Axis Capital, Credit Suisse Securities (India), DAM Capital Advisors, HSBC Securities and Capital Markets (India), ICICI Securities, Kotak Mahindra Capital Company and SBI Capital Markets were the managers to the offer.