JSW Infra's QIP sees seven-fold demand with ₹50,350 crore bids
after close1 source ↓written by the desknot a recommendation
- attracted bids worth
- ₹50,350 crore
- issue size
- ₹7,503 crore
- launched
- 22 June 2023
- fresh equity shares
- 23 crore
- per share
- ₹285
JSW Infrastructure's qualified institutional placement (QIP) attracted bids worth ₹50,350 crore, nearly seven times the indicative issue size of ₹7,503 crore. The strong interest from institutional investors highlights the growing appetite for India's ports and logistics infrastructure.
The QIP, launched on 22 June 2023, includes 23 crore fresh equity shares at a floor price of ₹285 per share, with proceeds aimed at funding greenfield port projects.
Not investment advice. For informational purposes only.