JSW Energy IPO : Basis of Allotment

by khalid on 04/01/2010 · 1 comment


JSW Energy is a subsidiary of Sajjan Jindal’s JSW Group. The IPO was open for subscription between 7th to 9th Dec 2009. Issue price of this IPO has been fixed at Rs 100 per share (A discount of Rs. 5 was offered to the Retail shareholders). IPO was oversubscribed by 1.68 times (0.404 times in retail). JSW Energy shares got listed today on bourses and currently trading at Rs 101.90 a premium of Rs 1.90.

The Basis of Allotment to the Retail Individual Bidders was finalized in consultation with BSE. The Retail category was subscribed to the extent of 0.38 times and hence allotment was done on full and firm basis to all valid applicants.

The total number of Equity Shares allotted in Retail Individual Bidders category is 31053720 Equity Shares to 85235 valid applicants. The above includes l 7854 applications for 4742520 Equity Shares made under the ASBA process, of which 17676 applications for 4706040 Equity Shares were found valid for allotment. The unsubscribed portion duly adjusted to the issue price of Rs. 100 aggregating to 47,398,019 Equity Shares was added to the Qualified Institutional Bidders category.

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