JSW Infrastructure IPO: Here’s What GMP Signals

Hello friends, in this article we will talk about the JSW Infrastructure IPO. New Delhi-based JSW Infrastructure IPO a maritime-related services provider, is expected to announce the allotment status of its initial public offering (IPO) on Friday, 29 September 2023. The IPO of Indian’s second biggest retail port operator JSW Infrastructure got a robust reaction from investors. JSW Infrastructure is going to make its debut on the Indian stock market exchanges on Tuesday, 3 October 2023. Since the news came on the internet many people are super curious to know about the whole information. In this article, we will try to give complete information about the news.

JSW Infrastructure IPO

JSW Infrastructure shares have been possible to list with a decent premium on the stock exchange given the company’s powerful subscription numbers and beneficial possibilities. JSW Infrastructure IPO listing will happen within the T+2 timeline (IPO closing date + 2 working days). The funds market controller for companies coming up with an IPO from 1 September to opt for the new T+3 timeline. The latest rule will be mandatory for all IPOs with results from 1 December 2023. Following RR Kabel’s IPO JSW Infrastructure IPO will be the second list in the T+2 timeline. Scroll down to the next page for more information about the news.

JSW Infra IPO has been unlocked from 25 to 27 September. The IPO share allotment was completed on 28 September. The 2,800-crore public problem of the JSW Group was subscribed 37.37 times in total. The retail investor’s part was booked 10.32 times. At the same time, the Qualified Institutional Buyers (QIB) purchased 57.09 times the allotted quota and Non-Institutional Investors (NII) subscribed for 15.99 times the portion set aside for them. You are on the right page for more information about the news, so please read the complete article.

Also Read:  Multibagger Stock: Cap Company Board To Declare Dividend

JSW Infrastructure IPO GMP Today

JSW Infrastructure shares are going to be listed on BSE and NSE on 3 October 2023, Tuesday. Regarding the strong demand from investors and JSW infra IPO GMP today, or grey market premium today, the shares of JSW Infrastructure Ltd have been possible to see around 20% to 26% listing premium. The JSW Infra IPO GMP today is  31 for each share. This means that shares of JSW Infrastructure have been selling more elevated by 31 than their issue price, in the grey market.JSW Infra IPO cost band was 113 to 119 each share and the lowest lot size was 126 shares. Here we have shared all the information that we had. Stay tuned to Tech Ballad for more updates.

Mark
Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.