Market Ticker

Translate

Tuesday, December 15, 2009

JSW Energy prices IPO at lower end, gets $579 mln

JSW Energy has raised 27 billion rupees ($579 million) in its initial public offer after it priced the sale at the lower end of the 100-115 rupees per share band following a tepid investor response.

The company will issue shares to retail individual bidders at a 5 rupees discount to the issue price, it said in a newspaper advertisement on Tuesday.

The 270-million-share IPO, which closed on Dec. 9, was subscribed 1.7 times, with institutional investors making up for the shortfall in retail demand.

The offering is the third-largest IPO from a power producer in India this year, behind state-run NHPC and private-sector utility Adani Power.

JSW had earlier issued 42.3 million shares to anchor investors, including units of Credit Suisse and Reliance Capital, at 110 rupees a share.

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 24
01:00 CFTC Oil NC Net Positions 1 231.0K 191.9K
01:00 CFTC Gold NC Net Positions 1 $200.6K $187.5K
01:00 CFTC GBP NC Net Positions 1 £42.9K £51.6K
01:00 CFTC AUD NC Net Positions 1 $-69.4K $-69.9K
08:30 Credit Card Spending (YoY) 1 2.2% 0.5%
15:00 BoE's Greene speech 2
18:00 Chicago Fed National Activity Index 1 -0.25
18:00 Current Account 1 $-440.0B $-303.9B
18:00 Consumer Price Index - Core (MoM) 1 0.4%
18:00 Consumer Price Index (MoM) 2 0.5% -0.1%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener