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IPO

JSW Infra raises Rs.1,260-Cr from anchor investors

Economic Times  

JSW Infrastructure Ltd, ahead of its INR 2,800 crore initial public offering (IPO), has raised INR 1,260 crore through the allotment of shares to anchor investors. The company has allotted 10,58,82,352 shares to anchor investors at INR 119 apiece. SBI Mutual Fund, ICICI Prudential MF, HDFC Mutual Fund, Nippon India MF, Aditya Birla Sun Life MF, Sundaram MF, Franklin Templeton, UTI MF, Tata AMC, and Baroda BNP Paribas MF are the mutual funds that participated in the anchor placement of shares. Among foreign investors, the Government of Singapore was allotted 5.6% of the anchor placement. The Monetary Authority of Singapore received around 1%, Morgan Stanley was allotted 3.5%, and Goldman Sachs got 0.4%. Besides, Sunil Singhania-promoted Abakkus Investment was allotted around 2% of the anchor portion. The company will use the proceeds of the entirely primary issue for repayment of debt and for financing capital expenditure. JM Financial, Axis Capital, Credit Suisse Securities, DAM Capital Advisors, HSBC Securities, ICICI Securities, Kotak Mahindra Capital, and SBI Capital are the bankers on the issue.