JSW Energy IPO soon

SW Energy is planning to raise Rs 3,000 crore via the initial public offering (IPO). JSW Energy is planning to use its IPO proceeds to fund expansion.  JSW Energy will primarily use the money to part fund power projects and mining venture. The company is building power plants with a combined capacity of nearly 3,000 megawatts (MW) and has plans to develop utilities in western, eastern and southern India.

Adani Power and state-run NHPC have raised a combined $1.9 billion through IPOs in the last one month with their offerings subscribed more than 20 times each.

JSW Energy is not a subsidiary of the listed company JSW Steel. It holds just about 5.7% stake in the company. This is how the entire promoter holding stands. Sajjan Jindal holds 5.5% stake, JSW Investments hold 39% stake and Sun Investments hold 19.82% stake. 

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