JSW Energy has filed its papers with SEBI for its proposed initial public offering of 6,32,25,000 shares of Rs10 each. JSW Energy plans to raise over Rs 3,500 crore from the issue, to finance construction and development of identified projects aggregating to 3,410 MW in capacity and to repay debt. It has 3,670 MW of generating capacity in the operational, construction or implementation phase as well as has power generation projects at early stages of development with a combined installed capacity of 9,600 MW.
JSW Energy is part of the Sajjan Jindal-led JSW group, which has presence in steel, power, cement, aluminium, software, and infrastructure sectors. JM Financial, Kotak Mahindra Capital and ICICI Securities are book running lead managers to the issue.
Wednesday, February 6, 2008
Reliance Infratel to mop up Rs 6,000 cr via IPO
Mumbai: Reliance Infratel, the tower subsidiary of Reliance Communications, is mulling to mop up Rs 6,000 crore via an Initial Public Offering (IPO). The company has filed the Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI).
The Anil Ambani group company has proposed to offload 10.05 per cent stake to the public, which puts the valuation of the company at around Rs 60,000 crore. The IPO follows that of another group company, Reliance Power, which is to be listed on February 11. According to the DRHP, Reliance Infratel has proposed to offload 8,91,64,100 equity shares of Rs 5 each at a price that will be decided through the book building process. Around 60 per cent of the issue will be allocated to Qualified Institutional Buyers (QIBs), with 5 per cent for mutual funds, and 30 per cent to be allocated on a proportionate basis to retail individual bidders.
The Anil Ambani group company has proposed to offload 10.05 per cent stake to the public, which puts the valuation of the company at around Rs 60,000 crore. The IPO follows that of another group company, Reliance Power, which is to be listed on February 11. According to the DRHP, Reliance Infratel has proposed to offload 8,91,64,100 equity shares of Rs 5 each at a price that will be decided through the book building process. Around 60 per cent of the issue will be allocated to Qualified Institutional Buyers (QIBs), with 5 per cent for mutual funds, and 30 per cent to be allocated on a proportionate basis to retail individual bidders.
Subscribe to:
Posts (Atom)