New Delhi, Dec 3 : Power producer JSW Energy has fixedthe price-band of its proposed initial public offer in therange of Rs 100-115 per equity share.
The company, led by Sajjan Jindal, is offering a discountof Rs 5 to retail investors in the issue price that will bedetermined after the completion of book building process, JSWEnergy said in a public announcement today.
JSW Energy Ltd, a part of the JSW Group, is entering thecapital market with its initial public offer (IPO) on December 7 till December 9.
The company expects to raise funds up to Rs 2,700 crorethrough its public offer.
The energy firm has an operational capacity of 860 MWwith additional 2,790 MW capacity under construction andimplementation stage.
JM Financial Consultants, Kotak Mahindra Capital Company,ICICI Securities, IDFC-SSKI Ltd, JP Morgan India, SBI Capital,Morgan Stanley India and IDBI Capital are book running leadmanager of the public offer
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