JSW Energy, an energy company and part of the Sajjan Jindal-led JSW Group, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to enter the capital market with an initial public offering (IPO) of equity shares of Rs 10 each for cash at a price including a share premium aggregating up to Rs 3,000 crore at the time of issue.
The Issue, which is to be decided through a 100 per cent book-building process, comprises a net issue of equity shares to the public and a reservation of equity shares for eligible employees. The equity shares are proposed to be listed on National Stock Exchange of India and Bombay Stock Exchange.
The comapny said in a press release that at least 60 per cent of the net issue will be allocated on a proportionate basis to Qualified Institutional Buyers out of which 5 per cent will be available for allocation on a proportionate basis only to Mutual Funds. The remainder will be available for allocation on a proportionate basis to all QIBs, including Mutual Funds.
The company may consider participation by anchor investors in the QIB portion in accordance with applicable Sebi Guidelines. Further, not less than 10 per cent of the net issue will be available for allocation to non-institutional bidders on a proportionate basis and not less than 30 per cent of the net issue will be available for allocation to retail individual bidders on a proportionate basis.
Content Guide
