JSW group launches first IPO in 13 years

JSW group launches first IPO in 13 year

SW Infrastructure is likely to use the funds raised through the IPO for various infrastructure projects, including ports, terminals, and transportation facilities.

The successful IPO launch indicates the company's desire to raise capital for expansion and growth opportunities in the infrastructure sector.

The IPO's subscription and performance will be closely watched by investors and industry analysts as it marks a significant financial move for both JSW Infrastructure and the broader JSW Group.

The company is led by Arun Maheshwari, who serves as the Joint Managing Director and CEO of JSW Infrastructure.

JSW Infrastructure is a subsidiary of the JSW Group, a major conglomerate with interests in various sectors, including steel, energy, infrastructure, and more.

The IPO's price band has been set in the range of Rs 113 to Rs 119 per share, providing potential investors with a clear range for their subscription.

Some of the prominent domestic investors who participated in the anchor round include Shamyak Investment, which is an Enam group firm led by Akash Bhansali

Prior to the IPO, JSW Infrastructure successfully secured Rs 1,260 crore from a combination of foreign and domestic investors during an anchor round.