Today marks the start of a promising investment opportunity for individuals seeking to invest in IPOs and looking for JSW Infrastructure IPO GMP. On Monday, 25th September 2023, JSW Infrastructure Limited is launching its IPO worth a staggering ₹ 2,800 crore. The management has set a price range of Rs 113 to Rs 119 per share for interested investors. Bidding on these shares can be done until 27 September 2023.
JSW Infrastructure Limited is a subsidiary of the renowned JSW Group and is the second-largest commercial port operator in India. In the quarter ending June 2023, the company showed remarkable growth, with a seven percent increase in revenue to ₹ 878 crore and an astonishing 68 percent increase in net profit to ₹322 crore. Notably, this IPO marks a significant event, as it is the first from a JSW Group company in 13 years and only the third IPO in the group’s history. The last IPO was that of JSW Energy Limited back in 2010.
JSW Infrastructure IPO GMP
JSW Group, under the leadership of Sajjan Jindal, has a diversified portfolio spanning industries like cement, paint, venture capital, and sports. The majority ownership of JSW Infrastructure remains with Sajjan Jindal and his family. It’s worth noting that this IPO exclusively offers new shares to the market.
For those closely tracking the market, it’s interesting to note that the unlisted shares of JSW Infrastructure are trading at a premium of Rs 18-19 in the gray market. This premium suggests a strong demand for the company’s shares, making the IPO even more enticing for potential investors.
JSW Infrastructure IPO GMP Price Today
A large share of the IPO shares has been set aside for different types of investors. In particular, 75% of the shares are reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors. To put it plainly, if you’re a retail investor looking to participate, you’ll need to bid for at least 126 shares, which requires an investment of at least Rs 14,994.
Before the IPO officially launched, the company successfully secured ₹1,260 crore in funding from anchor investors. This involved allocating 10,58,82,352 shares to anchor investors, each priced at ₹119 per share. Notably, this attracted participation from 11 mutual funds. Among foreign portfolio investors (FPIs), the Government of Singapore took a significant 5.6% of the anchor placement, while The Monetary Authority of Singapore received 1%. Additionally, Morgan Stanley acquired 3.5% of the anchor portion, and Goldman Sachs secured 0.4% of the shares. Notably, Abakkus Investment, led by Sunil Singhania, was allocated approximately 2% of the anchor shares.
JSW Infrastructure IPO GMP Premium
The Grey Market Premium (GMP) for the JSW Infrastructure IPO GMP has become a hot topic in the financial world, catching the eye of both experienced and novice investors alike. GMP essentially refers to the price at which IPO shares are traded informally before they are officially listed on stock exchanges. In the case of JSW Infrastructure, the GMP has seen a significant spike, indicating strong and enthusiastic demand from potential investors.
This premium reflects the fact that investors are willing to pay a higher price for these IPO shares. This heightened demand is often driven by positive market sentiment surrounding the company and its perceived growth potential. However, it is important for people considering investment to approach the GMP with caution. This is because GMP can be volatile and subject to speculative activity, making it a potentially risky indicator to rely on solely.
JSW Infrastructure IPO GMP Today Time
JSW Infrastructure is poised to launch a massive book-built issue worth ₹2,800.00 crores. It is noteworthy that the entire offering consists of 23.53 crore new shares, highlighting the fresh investment opportunity it presents to potential investors. The subscription window for the JSW Infrastructure IPO GMP opens on 25 September 2023 and will remain active until 27 September 2023.
The keenly anticipated allotment of shares is expected to take place on 3 October 2023 marking a significant milestone in the IPO process. Investors will be eager to learn the number of shares allocated to them at this stage.
The much-awaited listing of the JSW Infrastructure IPO is scheduled for 6 October 2023 on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). This date will mark JSW Infrastructure’s entry into the public market, allowing investors to buy and sell its shares. It is an event that has garnered considerable attention and is eagerly awaited by market participants and potential investors alike.
JSW Infrastructure IPO GMP Lot Size
The JSW Infrastructure IPO GMP has generated significant excitement and anticipation, thanks to two key factors: its Grey Market Premium (GMP) and its lot size. Let’s delve into what these terms mean and why they matter, especially for those who are new to the world of IPO investing.
The Grey Market Premium (GMP) has been a hot topic of discussion. GMP essentially represents the unofficial price at which IPO shares are traded before they are officially listed on stock exchanges. For JSW Infrastructure, the GMP has been increasing, indicating strong demand from potential investors.
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This premium suggests that investors are willing to pay more for these shares, often driven by positive market sentiment and the company’s growth potential. However, it’s important to approach GMP with caution, as it can be volatile and speculative. Therefore, thorough research and consultation with financial experts are wise steps before investing in JSW Infrastructure IPO GMP.