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JSW Energy IPO is a book build issue of ₹2,700.00 crores. The issue is entirely a fresh issue of 26.73 crore shares of ₹2,700.00 crore.
JSW Energy IPO bidding started from Dec 7, 2009 and ended on Dec 9, 2009. The shares got listed on BSE, NSE on Jan 4, 2010.
JSW Energy IPO price band is set at ₹100.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,000 (60 shares). The lot size investment for sNII is 34 lots (2,040 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (10,020 shares), amounting to ₹10,02,000.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of 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 |
| Issue Price Band | ₹100 to ₹115 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,73,26,604 shares (aggregating up to ₹2,700.00 Cr) |
| Retail Discount | Rs 5.00 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,37,27,28,191 shares |
| Share Holding Post Issue | 1,64,25,49,427 shares |
JSW Energy IPO offers total 26,98,21,236 shares. Out of which 16,18,92,742 (60.00%) allocated to QIB, 11,96,31,922 (44.34%) allocated to QIB, 2,69,82,123 (10.00%) allocated to NII, 8,09,46,371 (30.00%) allocated to RII and 4,22,60,820 (15.66%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 16,18,92,742 (60.00%) | NA |
| − Anchor Investor Shares Offered | 4,22,60,820 (15.66%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 11,96,31,922 (44.34%) | NA |
| NII (HNI) Shares Offered | 2,69,82,123 (10.00%) | NA |
| Retail Shares Offered | 8,09,46,371 (30.00%) | 13,49,106 |
| Total Shares Offered | 26,98,21,236 (100.00%) |
JSW Energy IPO opens on December 7, 2009, and closes on December 9, 2009.
| IPO Open Date | Mon, Dec 7, 2009 |
| IPO Close Date | Wed, Dec 9, 2009 |
| Tentative Listing Date | Mon, Jan 4, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 9, 2009 |
Investors can bid for a minimum of 60 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,000 |
| Retail (Max) | 33 | 1,980 | ₹1,98,000 |
| S-HNI (Min) | 34 | 2,040 | ₹2,04,000 |
| S-HNI (Max) | 166 | 9,960 | ₹9,96,000 |
| B-HNI (Min) | 167 | 10,020 | ₹10,02,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company JSW Energy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Finance construction and development of the Identified Projects | 21,425.26 |
| 2 | Repayment of Corporate Debt | 4,700.00 |
| 3 | General Corporate Purposes | 114.88 |
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 | ₹100 per share |
| BSE Listing Group | B |
JSW Energy Ltd.
Jindal Mansion,
5A, Dr. G. Deshmukh Marg,
Mumbai 400 026, Maharashtra
Mumbai, Maharashtra
Phone: (91 22) 6783 8000
Email: ipo.jswenergy@jsw.in
Website: http://www.jsw.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: jswenergy.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Lead Manager Reports
JSW Energy IPO is a main-board IPO of 26,73,26,604 equity shares of the face value of ₹10 aggregating up to ₹2,700.00 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 60.
The IPO opens on December 7, 2009, and closes on December 9, 2009.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in JSW Energy IPO using UPI as a payment gateway. Zerodha customers can apply in JSW Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in JSW Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The JSW Energy IPO opens on December 7, 2009 and closes on December 9, 2009.
JSW Energy IPO lot size is 60, and the minimum amount required for application is ₹6,000.
You can apply in JSW Energy IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The JSW Energy IPO listing date is on Monday, January 4, 2010.
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