JSW Infrastructure's initial public offering (IPO) share allotment was finalized on Friday, following its subscription period from September 25 to 27, 2023. The maritime-related services provider had priced each share within a band of ₹113-119 ($1 = ₹83.1).
Investors who applied for the IPO can now verify their allotment status via the registrar's portal, Kfin Technologies Ltd. The company appears to have adopted a T+3 listing schedule, which means the shares are expected to be listed three days after the allotment.
The grey market premium (GMP) for JSW Infrastructure IPO today reflected a positive sentiment among investors. The GMP, a measure of investors' willingness to pay above the issue price, was ₹25, consistent with the previous two trading sessions. Based on this premium and the upper end of the IPO price band, the estimated listing price for JSW Infra shares is ₹144 apiece, marking a 21.01% increase over the IPO price.
As of June 30, 2023, JSW Infrastructure had an installed cargo handling capacity of 158.43 million tonnes per annum (MTPA). The company offers a range of services including cargo handling, storage solutions, logistics services and other value-added services.
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