New Listing: JSW Infra shares listed with a premium of 20%; Investors made a profit of Rs 3024 per lot

JSW Infrastructure's shares were listed with a premium on both exchanges on Tuesday. Shares of JSW Infrastructure have been listed on NSE and BSE at Rs 143, a premium of 20.2 percent compared to its issue price of Rs 119.

JSW Infrastructure is the second stock to list in the T+2 timeline. Earlier only RR Cable was listed under the T+2 timeline. Market regulator SEBI has voluntarily implemented the T+3 timeline for companies launching IPOs from September 1. This new rule will become mandatory for all companies launching IPOs from December 1, 2023.

The price band of the IPO was Rs 113 to Rs 119 per share. Its lot size was 126 shares. The share is listed at Rs 143. Due to this, investors have got a profit of (143-119) = 24*126 = Rs 3,024 per lot.

JSW Infrastructure's IPO was open for retail investors on September 25. The last date for bidding on this was 27 September. The allotment of the IPO was finalized on September 28. Due to falling in the T+2 timeline, it has been listed on 3rd October.

JSW Infrastructure's Rs 2,800 crore public issue was subscribed 37.37 times. The quota fixed for retail investors was subscribed 10.32 times. The quota for QIB was subscribed 57.09 times. The reserve quota for NII was subscribed 15.99 times.