JSW Infrastructure made a strong debut on Indian bourses on October 3, Tuesday, just two days after the closure of its public offer. JSW Infrastructure share price listed at 20% premium to its issue price.

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The shares were listed at Rs 143 per piece on both NSE and BSE, against the issue price of Rs 119 per share. The IPO, which opened on September 25 for subscription, received a strong response from investors in its three-days bidding. 

JSW Infrastructure IPO is the second after RR Kabel IPO that listed in T+2 timeline. The IPO closed for bidding on September 27 and share allotment was finalised on September 28.

The issue was subscribed 37.37 times in total. The retail investors’ portion was booked 10.32 times, while the Qualified Institutional Buyers (QIB) bought 57.09 times the allotted quota and Non-Institutional Investors (NII) subscribed for 15.99 times the portion set aside for them.

The impressive listing of the nation's second-largest commercial port operator has met analysts' predictions for a robust debut. This outcome is fueled by a positive response to its public offering, fair valuations, the solid track record set by its parent company, and its strategic positioning to capitalize on the ongoing expansion of the Indian economy.

Furthermore, analysts view the company as a promising long-term investment due to its robust parent company, evolving business model, and promising growth prospects in the years ahead.

The total issue size of the JSW Infra IPO was Rs 2,800 crore which was entirely a fresh issue of 23.53 crore shares. The company had a fixed price band of Rs 113 to Rs 119 per share and the minimum lot size was 126 shares. 

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JM Financial, Axis Capital, Credit Suisse Securities (India), Dam Capital Advisors Ltd, Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities, Kotak Mahindra Capital Company and SBI Capital Markets Limited are the book running lead managers of the JSW Infrastructure IPO, while Kfin Technologies Limited is the IPO registrar.