Private sector power producer JSW Energy has fixed the issue price of its public offer at Rs 100 per share, at the lower end of its price band.
For the retail individual investors, the issue price has been fixed at Rs 95 a piece, offering a discount of Rs 5 per share, JSW Energy said in a public announcement today.
Sajjan Jindal-promoted JSW Energy had hit the capital market with an initial public offer (IPO) to raise up to Rs 2,700 crore, in the price band of Rs 100-115 per equity share.
The issue which opened on December 7 was subscribed about 1.67 times. The offer closed on December 9. The equity shares offered through the IPO are proposed to be listed on the National Stock Exchange and the Bombay Stock Exchange.
The company would use the IPO proceeds for investment in special purpose vehicles and repayment of corporate debt.
The energy firm has an operational capacity of 860 MW with additional 2,790 MW capacity under construction and implementation stage.
Yesterday, the Mumbai-based realty firm Godrej Properties had fixed the issue price for its IPO at Rs 490 share, also at The lower end of its price band.
Godrej Properties' IPO, which closed on December 11, was subscribed four times.
