On Wednesday Sajjan Jindal-owned JSW Infrastructure said its initial share sale will open for public subscription on September 25.

The IPO comprises a fresh issue of shares worth Rs 2,800 crore.

According to the Red Herring Prospects (RHP) JSW Infrastructure’s issue will conclude on September 27, while the bidding for the anchor investors will open on September 22.

After JSW Energy and JSW Steel, it will be the third company of the JSW Group to be listed on the bourses. 

The company will use the proceeds to retire its debt and fund its capacity expansion projects, as per the DRHP.

The ports business of the JSW Group had filed the Draft Red Herring Prospectus (DRHP) on May 9.

Book-running lead managers to the issue are JM Financial Ltd, Axis Capital Ltd, Credit Suisse Securities (India) Pvt Ltd, DAM Capital Advisors Ltd, HSBC Securities and Capital Markets (India) Pvt Ltd, ICICI Securities Ltd, Kotak Mahindra Capital Company Ltd and SBI Capital Markets Ltd.

The equity shares are proposed to be listed on the BSE and NSE. 

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