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JSW Infrastructure IPO opens. Should you subscribe to the issue?
JSW Infrastructure, the largest IPO of the month, opened for public subscription on September 25 and will close on September 27. The company raised Rs 1,260 crore from anchor investors on Friday. The IPO is a fresh equity issue of Rs 2,800 crore, with a price band of Rs 113-119 per share. The funds raised will be used for debt repayment, capital expenditure, and other corporate purposes. JM Financial, Axis Capital, and Credit Suisse Securities are the bankers on the issue.
