QIBs bailout JSW Energy IPO

The Qualified Institutional Buyers (QIBs) have bailed of the IPO of JSW Energy Limited. The QIBs portion of the issue received bids for 345093480 equity shares against the offer of 119631921 equity shares resulting in a subscription of 2.8846 times with both Non Institutional Investors portion and Retail Individual Investors (RIIs) portion evoked lukewarm response.

Out of the QIBs portion, the Foreign Institutional Investors (FIIs) subscribed for 42271500 equity shares and Mutual Funds subscribed for 5686980 equity shares.

The bulk of the QIBs portion was subscribed by Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) with bids for 297135000 equity shares.

Source : Equity Bulls

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