Sajjan Jindal-led JSW Group’s power arm JSW Energy Ltd has fixed the price band for the forthcoming IPO between Rs 100 and Rs 115 per equity share with a face value of Rs 10 each.
The issue is being run through a 100-per cent book-building process, which would determine the final pricing. JSW Energy plans to mop up Rs 2,700 crore through this IPO, which was halted last year due to adverse market conditions.
The IPO would open on December 7 and will close on December 9, 2009.
JSW Energy has offered Rs 5 discount per share for individual retail investors.