IPO Details - JSW Energy Limited

· JSWEL has an impressive track record of operating power plants in an efficient manner.
· The Company has big expansion plans and its project management expertise will enable it to complete multiple power projects in time.
· JSWEL boasts of high realization of Rs. 6 per unit and RoE of ~33% as on 30 Sep 2009 as it derives close to 61% of its revenue from short term Power Purchase Agreements (PPA).
· The Company leverages the group synergy in procurement of fuel and selling of power.
· JSWEL has already tied up additional capital of Rs. 99,795 mn in debt to finance its business plans.
Issue Detail:
Issue Open: Dec 07, 2009 - Dec 09, 2009
Issue Size: Rs. 2,700.00 Crore
Issue Price: Rs. 100 - Rs. 115 Per Equity Share
Minimum Order Quantity: 60 Shares

- The issue has been graded 4/5 by CARE, indicating strong fundamentals.
- Indiabulls recommend investors to Subscribe to the issue.

I would recommend to avoid this IPO, after see all previous Power IPO discount listing.

- Avoid JSW Energy IPO: Hem Securities
- Angel Broking keeps neutral view on JSW Energy IPO

Source - moneycontrol.com

JSW Energy, a part of Sajjan Jindal-led JSW Group, has fixed its issue price at Rs 100 per share, at lower end of price band of Rs 100-115, due to lukewarm response from retail and non-institutional investors.
For retail investors, issue price is fixed at Rs 95 per share, at a discount of Rs 5 to the original issue price.

Source - moneycontrol.com