JSW Infra allots 23 cr shares via QIP at Rs 285, raises Rs 6,555 cr
JSWINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JSW Infrastructure allotted 23 crore equity shares at Rs 285 each via QIP, raising Rs 6,555 crore through a fresh issue. Promoters additionally sold 3.32 crore shares worth Rs 947.69 crore via offer for sale. Total QIP size reached Rs 7,502.69 crore, priced at a 1.84 percent discount to floor price. Marquee investors include Fidelity (16.81 percent), HDFC mutual fund schemes (about 20.78 percent) and SBI mutual fund schemes (about 20.78 percent). Paid-up equity capital rose from Rs 420 crore to Rs 466 crore.
Dilution from fresh shares plus promoter offload. Strong demand from Fidelity, HDFC and SBI funds signals confidence, though small pricing discount may weigh on stock.