JSW Energy Ltd (JSWEL), a group company of Jindal South West group, was incorporated in March 1994. The company is presently operating 995 MW of power capacity and 2,655 MW of generating capacity is in the construction phase. The company is also engaged in power trading activities.
JSWEL commenced its commercial operation in the year of 2000 with 2x130 MW of power capacity and has achieved Plant Load Factor (PLF) of more than 95% consistently. In September 2009, the company commenced operation from 2x300 MW Power Plant in Vijayanagar, Karnataka. In August 2009, JSWEL commissioned Unit - I of 8x135 MW RWPL - I plant.
Objective of the Issue
The main objective of the IPO is to fund its capex
- Rs 21,425.26 million to finance construction of 2,655 MW capacity, 400 KV transmission project and mining venture.
- Rs 4,700 million to repay corporate debt for working capital
IPO Rating
CARE has assigned a 'CARE IPO Grade 4' [Grade Four] to the proposed IPO issue of JSW Energy Ltd (JSWEL). 'CARE IPO Grade 4' indicates above average fundamentals.
Issue Open: Dec 07, 2009 - Dec 09, 2009
Issue Type: 100% Book Built Issue IPO
Issue Size: Equity Shares of Rs. 10
Issue Size: Rs. 2,700.00 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 100 - Rs. 115 Per Equity Share
Market Lot: 60 Shares
Minimum Order Quantity: 60 Shares
Listing At: BSE, NSE
Rs 5 discount will be given to retail investors
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