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JSW Energy IPO is a book built issue of Rs 2,700.00 crores.
JSW Energy IPO bidding started from December 7, 2009 and ended on December 9, 2009. The shares got listed on BSE, NSE on January 4, 2010.
JSW Energy IPO price band is set at ₹100 to ₹115 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹6,900.
ICICI Securities Limited, Idbi Capital Market Services Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), J.P. Morgan India Private Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd and SBI Capital Markets Limited are the book running lead managers of the JSW Energy IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to JSW Energy IPO RHP for detailed information.
| IPO Date | December 7, 2009 to December 9, 2009 |
| Listing Date | January 4, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹115 per share |
| Lot Size | 60 Shares |
| Total Issue Size | 269,821,236 shares (aggregating up to ₹2,700.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 1,372,728,191 |
| Share holding post issue | 1,642,549,427 |
JSW Energy IPO offers 227,560,415 shares. 119,631,921 (52.57%) to QIB, 26,982,124 (11.86%) to NII, 80,946,371 (35.57%) to RII. 1,349,106 RIIs will receive minimum 60 shares and (sNII) and (bNII) will receive minimum 1,740 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 119,631,921 (52.57%) | NA |
| NII (HNI) Shares Offered | 26,982,124 (11.86%) | |
| Retail Shares Offered | 80,946,371 (35.57%) | 1,349,106 |
| Total Shares Offered | 227,560,415 (100%) |
Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,900 |
| Retail (Max) | 28 | 1680 | ₹193,200 |
| Lot Size Calculator | |||
JSW Energy Limited is promoted by 3 entrepreneurs:
1. Mr. Sajjan Jindal - age 49 years, is the Chairman and Managing Director of Company. He holds a bachelor’s degree in mechanical engineering from the Bangalore University. He is also a principal promoter of the Company, vice-chairman and managing director of JSWSL and chairman in other JSW Group Companies.
2. Mr. P.R. Jindal - age 57 years, is the Vice Chairman of Jindal Saw Limited.
3. Mrs. Sangita Jindal - age 47 years, is the chairperson of the Jindal South West Foundation, the philanthropic arm of the JSW Group. She is also the founding trustee of The Friends for JJ School of Art Trust.
| Share Holding Pre Issue | 91.66% |
| Share Holding Post Issue | 76.6% |
Incorporated in 1994, JSW Energy Limited (JSWEL) is a group company of Jindal South West (JSW) group headed by Mr.Sajjan Jindal. The JSW Group has a presence in the steel, power, cement, software, and infrastructure sectors. Other companies in JSW are JSW Steel Ltd, Jindal South West Mining Ltd, JSW Port, Jindal Praxair Oxygen Company Limited (JPOCL) and investment companies. JSWEL is the first Independent Power Producer (IPP) to be set up in the state of Karnataka. The company has set up 2 units of 130 MW each and both units are generating power using Corex gas and coal.
JSW Energy Ltd is an established energy company with 560 megawatts of operational generating capacity and 3,090 MW of generating capacity in the construction or implementation phase. JSW Energy plans to foray in all areas of power Generation, Transmission, Distribution and Trading. Currently company is working on power solutions in the States of Karanataka, Maharashtra, Rajasthan and Himachal Pradesh.
JSW is expanding their generation capacity by an additional 2,385 MW through construction and implementation of four new power plants in Maharashtra, Rajasthan and Himachal Pradesh. Each project is planned to be strategically located either near an available fuel source, load centre or infrastructure facilities. Raj WestPower Limited (RWPL), promoted by JSW Energy is a Rs.5000 crore project at Bhadresh, District Barmer. The project plans to generate 1080 MW (8 x 135MW) of power which will be supplied to the distribution companies (Discoms) in Rajasthan. In Maharashtra under implementation is a 1200 MW (4 x 300 MW) Power Project located at Jaigarh, District Ratnagiri, Maharashtra. JSW Energy has also marked its entry into Himachal Pradesh. JSW Energy’s is setting up Hydro Power Project at Kutehar, River Chamba., which will generate 260 MW Power valued at Rs.1700 crore.
JSW has been engaged in power trading activities since June 2006. The Central Electricity Regulatory Commission, or “CERC”, has granted us a “F” category license which is the highest license category available to trade power in India.
| KPI | Values |
|---|---|
| RoNW | 29.39% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. To partially finance construction and development of the Identified Projects aggregating to 2,790 MW in capacity; 400 KV transmission project and mining venture.
2. Repayment of corporate debt; and
3. General Corporate Purposes.
The JSW Energy IPO is subscribed 1.68 times on December 9, 2009 5:00:00 PM. The public issue subscribed 0.40 times in the retail category, 2.88 times in the QIB category, and 0.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.88 |
| NII | 0.15 |
| Retail | 0.40 |
| Total | 1.68 |
CARE has assigned a 'CARE IPO Grade 4' [Grade Four] to the proposed IPO issue of JSW Energy Ltd (JSWEL). 'CARE IPO Grade 4' indicates above average fundamentals. CARE assigns IPO grades on a scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
| Listing Date | January 4, 2010 |
| BSE Script Code | 533148 |
| NSE Symbol | JSWENERGY |
| ISIN | INE121E01018 |
| Final Issue Price | ₹95 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹95.00 |
| ₹102.00 |
| ₹99.90 |
| ₹106.40 |
| ₹100.75 |
| NSE |
|---|
| ₹95.00 |
| ₹106.00 |
| ₹100.00 |
| ₹106.35 |
| ₹100.85 |
JSW Energy Limited
Jindal Mansion,
5A, Dr. G. Deshmukh Marg,
Mumbai 400 026, Maharashtra
Phone: (91 22) 6783 8000
Email: ipo.jswenergy@jsw.in
Website: http://www.jsw.in
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jswenergy.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
JSW Energy IPO is a main-board IPO of 269,821,236 equity shares of the face value of ₹10 aggregating up to ₹2,700.00 Crores. The issue is priced at ₹100 to ₹115 per share. The minimum order quantity is 60 Shares.
The IPO opens on December 7, 2009, and closes on December 9, 2009.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The JSW Energy IPO opens on December 7, 2009 and closes on December 9, 2009.
JSW Energy IPO lot size is 60 Shares, and the minimum amount required is ₹6,900.
You can apply in JSW Energy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for JSW Energy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the JSW Energy IPO allotment status.
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