JSW Infrastructure IPO: GMP indicates listing gains; check allotment status, debut date

JSW Infrastructure IPO was subscribed 37.37 times on the final day of bidding.

The share allotment for the JSW Infrastructure initial public offering (IPO) has been finalised. Investors can check the allotment status on the Kfin Technologies Ltd portal or on the BSE/NSE websites. The grey market premium (GMP) for the company is Rs 25, suggesting a listing price of approximately Rs 144 against the issue price of Rs 119. The shares are expected to be listed on the bourses on October 4.

JSW Infra is the JSW Group’s first IPO in the last 13 years. The issue was subscribed 37.37 times on the final day of bidding. Investors bid for 509.3 crore equity shares, worth more than Rs 60,000 crore at the upper price band against the issue size of Rs 1,540 crore. The public offer size was reduced to Rs 1,540 crore from Rs 2,800 crore after the company mopped up Rs 1,260 crore via anchor book on September 22.

Retail investors, who have 10 percent reservation in the public issue, have bought 10.31 times the allotted quota, while the portion set aside for high net worth individuals, which is 15 percent of the total offer, was subscribed 15.99 times. Qualified institutional buyers (QIB), who are generally considered medium-to-long-term investors, have bid 57.09 times their reserved portion which is 75 percent of the issue size.

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How to check allotment status on Kfin Technologies portal?

Step 1:

Go to https://ris.kfintech.com/ipostatus/

Step 2:

Open one of the five provided links, then select JSW Infrastructure Limited from the dropdown menu in the select IPO section.

Step 3:

Select one of all three options to check the status: Application No, Demat Account, or PAN.

Step 4:

You can proceed by choosing any one option:

- Applications number

- Account information if you selected Demat Account

- PAN number

How to check allotment status on BSE?

Step 1

Go to https://www.bseindia.com/investors/appli_check.aspx

Step 2

Under 'Issue Type', select 'Equity'.

Step 3

Choose the IPO from the drop-down option under 'Issue Name'.

Step 4

Enter PAN number or application number.

How to check allotment status on NSE?

Step 1

Go to https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Step 2

Register with a PAN number by signing up

Step 3

Check the IPO allotment status on the new page that will open.

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