JSW Infrastructure Ltd is expected to finalise the allotment of its shares on Friday, September 29, after the subscription period for the IPO ended on Wednesday, September 27. This means that the investors will likely be able to check the status of their IPO share allotment based on their subscription as well as category.

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JSW Infrastructure’s public issue of size Rs 2,800 crore received a robust response from investors in the three days of the company’s IPO bidding process, which was open from September 25 to September 27.

The issue was subscribed a total of 37.37 times on the last day of bidding. The shares of JSW Infrastructure were offered in a fixed price band of Rs 113 to Rs 119 each. The investors needed to bid for a minimum of 126 shares in one lot and in multiples thereafter.

This included the retail category receiving bids for shares over 10.32 times the quota reserved for the segment, while the non-institutional investors' category received 15.99 times bidding.

The quota that, set aside for qualified institutional bidders (QIBs), was subscribed 57.09 times.

JSW Infrastructure Limited is a part of the JSW Group and mainly deals in port infrastructure. This is the first IPO from the JSW Group in 13 years after JSW Energy listed in 2010.

Here’s how to check IPO allotment status

Kfin Technologies Ltd has been appointed as the official registrar for the IPO. The bidders can check IPO share allotment status on the website of the official registrar or on the stock exchanges— NSE and BSE—on the day of allotment.

Follow these steps to check IPO share allotment status on BSE website:

1) Open BSE website - https://www.bseindia.com/investors/appli_check.aspx

2) Select ‘Equity’ under the ‘Issue Type’ section

3) Select ‘JSW Infrastructure Limited’ from the list

4) Enter your application number or PAN number

6) Click on submit.

First Published:Sept 28, 2023 3:48 PM IST