JSW Infrastructure’s stock had a spectacular launch on Dalal Street on Tuesday, listing 20% above its initial public offering price of Rs 119.

Details on JSW Infrastructure increased by 32% after going public

At 10 am on both the National Stock Exchange and the Bombay Stock Exchange, the company’s shares increased by 20% to Rs 143 and Rs 142.50, respectively. By 12 o’clock, JSW Infrastructure shares had added further, climbing more than 32% to Rs 157.30 per share.

It should be noted that JSW Infrastructure is the conglomerate’s first venture into the public market since JSW Energy’s IPO in 2010. JSW Infrastructure is a firm under the JSW Group led by billionaire Sajjan Jindal.

After a successful initial public offering, JSW Infra has raised Rs 2,800 crore. The initial public offering of JSW Infrastructure attracted a lot of interest, especially from qualified institutional purchasers, with an astounding oversubscription of over 39 times on the closing day.

Many investors are unsure whether they should sell their investments or maintain them given the robust market listing. According to Shivani Nyati, Head of Wealth at Swastika Investmart Ltd., investors may profit from keeping onto their investments given the company’s sound fundamentals.

According to Nyati, “on October 3, 2023, JSW Infrastructure, a division of the JSW Group, made its debut on the stock markets by listing at Rs 147.45 per share, or roughly 24 percent higher than its IPO price of Rs 119.”

She went on to say that the business’s fundamentals are sound, with sustained recent revenue and profit increases.

The organization is also well-positioned to gain from the expanding Indian economy, according to her.

“The IPO of JSW Infrastructure was successful overall. This was made possible by the company’s solid fundamentals and high subscription numbers. Investors that took part in the IPO can keep their shares for a long time, according to Nyati.

The post Jsw Infrastructure Increased by 32% after going public appeared first on SomMarketer.