JSW Energy Limited has allotted 4.22 cr shares at Rs 110 to seven anchor Investors. With this allotment the company has raised a sum of Rs 464.2 crs out of the company’s public issue for Rs 2700 crs which opens on Monday the 7th of December and closes on Wednesday the 9th of December 2009.
The anchor investors are as follows:-
| Eton Park International LLP | 174.00 lakh shares |
| Valiant Mauritius | 40.17 lakh shares |
| Deutsche Securities Mauritius | 66.95 lakh shares |
| Credit Suisse Singapore | 43.47 lakh shares |
| Highfields Capital Management | 26.78 lakh shares |
| Reliance capital trustee | 30.43 lakh shares |
| Valiant Mauritius Partners Offshore | 40.20 lakh shares |
|
TOTAL |
422 lakh shares |
The price band has been fixed between Rs 100 –Rs 115. With the anchor investors coming in at Rs 110, it gives the company an opportunity to gauge the public response to its IPO before taking a call on the final issue price. If the issue receives adequate response at the higher price of Rs 115, then that would be the discovered price otherwise the price is likely to be reduced to Rs 110. It may also be mentioned that there is a discount of Rs 5 per share being given to retail investors in the issue which means the price band for retail is effectively Rs 95-Rs 110.
With this anchor investor there is a possibility that the company may not price the issue at the highest level.
