Power producer JSW Energy has fixed the price-band of its proposed initial public offer in the range of Rs 100-115 per equity share.
The company, led by Sajjan Jindal, is offering a discount of Rs 5 to retail investors in the issue price that will be determined after the completion of book building process, JSW Energy said in a public announcement today.
JSW Energy, a part of the JSW Group, is entering the capital market with its initial public offer (IPO) on December 7 till December 9.
The company expects to raise funds up to Rs 2,700 crore through its public offer.
The energy firm has an operational capacity of 860 MW with additional 2,790 MW capacity under construction and implementation stage.
JM Financial Consultants, Kotak Mahindra Capital Company, ICICI Securities, IDFC-SSKI Ltd, JP Morgan India, SBI Capital, Morgan Stanley India and IDBI Capital are book running lead manager of the public offer.