JSW Energy Limited (JSWEL) IPO Update | Indian Stocks to Make You a Millionaire
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JSW Energy Limited (JSWEL) IPO Update

Posted By On 11:32 PM Under

JSW Energy Limited (JSWEL) IPO is in market and is fully subscribed. The IPO is of Rs. 27,000 mn, at a price band of Rs. 100-115.  This issue to the public will lead to a decline in promoters holding from pre-issue shareholding of 91.7% to 76.6%-78.3% at lower and upper band of prices, respectively. The issue has been graded 4/5 by CARE, indicating strong fundamentals.

We suggest that one can go for the imsue as it is an investment opportunity as JSW Energy Limited will be able to capitalise on growth opportunities in the Indian power sector. One can see an appreciation of 15% in the stock price. Tomorrow is the last day of the issue and one can subscribe for the issue.

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