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The IPO received bids for 509.35 crore equity shares against the 13.63 crore shares on offer. The qualified institutional buyer (QIB) portion was subscribed 60.12 times, while the non-institutional investors portion received subscriptions 16.83 times over. Retail investors also showed significant participation, subscribing to the issue 10.87 times.
The price band for the IPO was set at ₹113 to ₹119 per share. Currently, JSW Infra shares are commanding a grey market premium (GMP) of ₹23 (USD1 = INR83.092) per share. GMP refers to the premium at which IPO shares are traded in an unofficial market before they are officially listed on stock exchanges.
Following a T+3 listing pattern, JSW Infra shares are expected to be listed on the stock exchanges on October 3.
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