JSW Infrastructure Limited’s IPO to open on September 25, sets price band at Rs 113 to Rs 119 per Equity Share

JSW Infrastructure Limited, a part of the JSW Group, has fixed the price band at Rs. 113 to Rs. 119 per Equity Share for its initial public offering of Equity Shares.

IBNS • 19 Sept 2023, 10:33 am

JSW Infrastructure Limited’s IPO to open on September 25, sets price band at Rs 113 to Rs 119 per Equity Share

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The initial public offering of the company will open on Monday, September 25, 2023, for subscription and close on Wednesday, September 27, 2023.

Investors can bid for a minimum of 126 Equity Shares and in multiples of 126 Equity Shares thereafter.

The issue is entirely a fresh issue of Equity Shares worth Rs. 2,800 crore.

"The objects of the issue are to prepay or repay Rs 880 cr of it’s outstanding borrowings; finance capital expenditure requirements amounting to Rs 865.75 cr for an LPG Terminal Project, Rs 59.4 crs for setting up an electric sub-station, Rs 103.88 cr for the purchase and installation of a dredger and finance Rs 151.04 crs for the proposed expansion at Mangalore Container Terminal besides general corporate purposes," the company said in a statement.