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JSW Energy Limited IPO (JSW Energy IPO) Detail

Dec 7, 2009 - Dec 9, 2009

Incorporated in 1994, JSW Energy Limited (JSWEL) is a group company of Jindal South West (JSW) group headed by Mr.Sajjan Jindal. The JSW Group has a presence in the steel, power, cement, software, and infrastructure sectors. Other companies in JSW are JSW Steel Ltd, Jindal South West Mining Ltd, JSW Port, Jindal Praxair Oxygen Company Limited (JPOCL) and investment companies. JSWEL is the first Independent Power Producer (IPP) to be set up in the state of Karnataka. The company has set up 2 units of 130 MW each and both units are generating power using Corex gas and coal.

JSW Energy Ltd is an established energy company with 560 megawatts of operational generating capacity and 3,090 MW of generating capacity in the construction or implementation phase. JSW Energy plans to foray in all areas of power Generation, Transmission, Distribution and Trading. Currently company is working on power solutions in the States of Karanataka, Maharashtra, Rajasthan and Himachal Pradesh.

JSW is expanding their generation capacity by an additional 2,385 MW through construction and implementation of four new power plants in Maharashtra, Rajasthan and Himachal Pradesh. Each project is planned to be strategically located either near an available fuel source, load centre or infrastructure facilities. Raj WestPower Limited (RWPL), promoted by JSW Energy is a Rs.5000 crore project at Bhadresh, District Barmer. The project plans to generate 1080 MW (8 x 135MW) of power which will be supplied to the distribution companies (Discoms) in Rajasthan. In Maharashtra under implementation is a 1200 MW (4 x 300 MW) Power Project located at Jaigarh, District Ratnagiri, Maharashtra. JSW Energy has also marked its entry into Himachal Pradesh. JSW Energy’s is setting up Hydro Power Project at Kutehar, River Chamba., which will generate 260 MW Power valued at Rs.1700 crore.

JSW has been engaged in power trading activities since June 2006. The Central Electricity Regulatory Commission, or “CERC”, has granted us a “F” category license which is the highest license category available to trade power in India.

Company Promoters:

JSW Energy Limited is promoted by 3 entrepreneurs:

1. Mr. Sajjan Jindal - age 49 years, is the Chairman and Managing Director of Company. He holds a bachelor’s degree in mechanical engineering from the Bangalore University. He is also a principal promoter of the Company, vice-chairman and managing director of JSWSL and chairman in other JSW Group Companies.

2. Mr. P.R. Jindal - age 57 years, is the Vice Chairman of Jindal Saw Limited.

3. Mrs. Sangita Jindal - age 47 years, is the chairperson of the Jindal South West Foundation, the philanthropic arm of the JSW Group. She is also the founding trustee of The Friends for JJ School of Art Trust.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:

1. To partially finance construction and development of the Identified Projects aggregating to 2,790 MW in capacity; 400 KV transmission project and mining venture.
2. Repayment of corporate debt; and
3. General Corporate Purposes.

JSW Energy IPO Details

Issue OpenDec 7, 2009 - Dec 9, 2009
Issue TypeBook Built Issue IPO
Issue Size269,821,236 Eq Shares of Rs 10
(aggregating up to Rs 2,700.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 100 - Rs 115 Per Equity Share
Market Lot60 Shares
Min Order Quantity60 Shares
Listing AtBSE, NSE

JSW Energy Ltd IPO Grading / Rating

CARE has assigned a 'CARE IPO Grade 4' [Grade Four] to the proposed IPO issue of JSW Energy Ltd (JSWEL). 'CARE IPO Grade 4' indicates above average fundamentals. CARE assigns IPO grades on a scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

JSW Energy IPO Subscription Status (Bidding Detail)

JSW Energy IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

119,631,921

26,982,124

80,946,371

227,560,415

Dec 9, 2009 17:00

2.88x

0.15x

0.40x

1.68x

JSW Energy IPO Prospectus

JSW Energy IPO Rating

324
3.5
Rating:Rated 3.5 stars

Vote Here ...

JSW Energy IPO Listing Date

Listing DateMonday, January 4, 2010
BSE Script Code533148
NSE SymbolJSWENERGY
Listing InB
ISININE121E01018
Issue PriceRs 95 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 95.00
Rs 102.00
Rs 99.90
Rs 106.40
Rs 100.75
35,110,028
NSE
Rs 95.00
Rs 106.00
Rs 100.00
Rs 106.35
Rs 100.85
76,470,142

JSW Energy IPO Reviews / Ratings

Hem Securities - Avoid.
Angel Broking - Neutral.
Udayan Mukherjee - Highly Priced.
Swastika Investmart - Subscribe.
SPA Securities - Subscribe to IPO at lower band.
SP Tulsian - Subscribe.
Nirmal Bang - Subscribe.
Noble Group - Avoid.

Company Contact Information

JSW Energy Limited
Jindal Mansion,
5A, Dr. G. Deshmukh Marg,
Mumbai 400 026, Maharashtra

Phone: (91 22) 6783 8000
Email: ipo.jswenergy@jsw.in
Website: http://www.jsw.in

JSW Energy IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: jswenergy.ipo@karvy.com
Website: https://karisma.karvy.com/

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JSW Energy IPO Review / Comments

imran
345. imran  Jan 20, 2010 17:12 I Like It. | Report Abuse
Agar fir se niche milega to buy karunga
IMRAN
344. IMRAN  Jan 20, 2010 17:10 I Like It. | Report Abuse
Hi friends i am book full profit @ 118 due to some forthcoming ipo more then 20 % gain for IPO subcription
but one can hold if they dont Req ... money it will move good up side in short turm Have a good investmeant bye
Manoj,Pune
343. Manoj,Pune  Jan 12, 2010 17:46 I Like It. | Report Abuse
JSW to add 300 MW soon

The JSW will shoot to a new high.When 20 MW news of RPOWER can take stock high to 3 - 5 %.Imagine impact on JSW.

Its really a good fundamental stock,unlike AdANi and India bulls.
Adani and India bulls need to purchase some
MW to start their operations.May be they can buy power from JSW and resale it to Gujrat and Rajasthan Govt from where they have received power purchase orders :))))
Ravi, Bangalore
342. Ravi, Bangalore  Jan 11, 2010 13:43 I Like It. | Report Abuse
JSW Energy 117- Target 120-124 zone, 128-133 zone or even 138+. Support 111-110 range. Stop-loss 99.

CAUTION: Fundamentally over-valued.
IMRAN
341. IMRAN  Jan 10, 2010 11:42 I Like It. | Report Abuse
Hi satheesh u can sell in any exchange BSE OR NSE COZ Stock listed in both Exchange
IMRAN
340. IMRAN  Jan 10, 2010 11:39 I Like It. | Report Abuse
Hi friends still i am holding this stock in my Portfolio
50 % book profit & 50 % holding bcoz of more forthcoming IPO so i am Book profit @ 115.50 Rs /share near about 20 % is the good profit so 50 % book & still hold 50 % stock in portfolio friends it can move good in coming days So hold with 5150 nifty SL
IPO KADKA
339. IPO KADKA  Jan 9, 2010 10:21 I Like It. | Report Abuse
JSW energy will hit new height week after week as all retailer are out of the game and kic will anage the issue along with new forthcoming PSU IPO . and the budget is coming and infra and power sector will lead the rally
rafeeq
338. rafeeq  Jan 6, 2010 17:11 I Like It. | Report Abuse
regarding shares
satheesh
337. satheesh  Jan 6, 2010 10:37 I Like It. | Report Abuse
I was alloted 360 shares of JSW Energy.
I am not aware of information on which exchange should i sell these shares...
can some one let me know how can i find the exchange details for the shares i was alloted ...?
vj
336. vj  Jan 5, 2010 19:04 I Like It. | Report Abuse
SELL SELL SELL market is going strong thats why it is up and going otherwise you will get this stock in range of 80-90 easily... i will buy it when it reach to that level
Imran
335. Imran  Jan 5, 2010 16:36 I Like It. | Report Abuse
Hi friends
Enjoy JSW ENERGY INVESTER still i am holding my position as i told u power sector is good for buying so some buying intrests come in power sector Dosto still holding my JSW ENERGY ALOtmeant
So friends aap ne kya kya jsw energy mein ??? what do u think about more up side friends i think 130 to 140 sayad within month ??? HOLD ? SELL ? OR BUY ???
IPO KING
334. IPO KING  Jan 5, 2010 11:55 I Like It. | Report Abuse
315. MUKESH Jan 03, 2010 5:52:07 PM IST Report Spam
list around 250 and rally upto 400 on very first day


Dear mukesh what do you have to say now. :) :)
Imran
333. Imran  Jan 4, 2010 23:03 I Like It. | Report Abuse
Hi friends JSW ENERGY Se aaj parda utath gaya 106 se 101 tak lekin mein abhi bhi hold karna cahunga muje nahi lagta k jab tak power sector mein buying ho raha hai tab es stock se exit karna cahye power sector abhi tak thanda hai abhi thodi thodi movement aarahi hai aur agar 6 mahine se eak saal tak hold kare to acha Retun mil sakta hai jab compney k project time par khatam ho es ki ummid hai aur agar sab thik raha to es finacial year mein capecity X2 hosakti hai tab eski veluation pata nahi lekin fir bhi jab tak market k sentimeant ache hai aur up move rahegi tab tak kam se kam ese hold karne mein he samajdari hogi mein koi technical analyst nahi ye sirf mera apna wive hai still i am holding my share 1440 as i alplayed in IPO sab & full alotmenat so why i cant hold for mid to long turm friends hold i think that for one year or more
D.K
332. D.K  Jan 4, 2010 18:12 I Like It. | Report Abuse
Mr. Verma kaha supay ho, apnay bill say bahar niklo, jsw ke listing 300 pay kara rahay tgay fool man.
ALI   BHOY   SAKAR   BAZAR   WALA
331. ALI BHOY SAKAR BAZAR WALA  Jan 4, 2010 16:45 I Like It. | Report Abuse
Rs.103 - Rs.95 = Rs.8X 900 Shares =Rs.7,200 - Rs.1,600 = Rs.5,600 you have to pay to buyer

P.S. deduct brokrage at sold price
singh
330. singh  Jan 4, 2010 16:37 I Like It. | Report Abuse
I SOLD 1 FULL APPLN. FOR RS 1600/- 900 SHARES WERE ALLOTTED. BUYER SOLD SHARES AT 103/-.SOMEONE PL. GUIDE ME HOW THE TRANSACTION IS TO BE SETTLED. THANKS
Ravi, Bangalore
329. Ravi, Bangalore  Jan 4, 2010 14:30 I Like It. | Report Abuse
If all goes as per plans, the 265% rise in its generation capacity over the next 15-18 months can power the company's earnings much faster than those of other power generation companies. In that case, Fair Value seen at Rs.91.

Considering margin of safety, investors can buy below Rs.70 (It may take 15 - 18 months to add generation capacity if all goes as per plan).

RISK FACTORS

1. All the thermal power projects, both commissioned and under implementation (except the lignite linked Balmer power project), are based on imported coal. Given the fact that the merchant power tariff is driven by demand and supply, any surge in price of imported coal will affect the margin of merchant sales.

2. The BLMC, the JV mining company between the company and Rajasthan State Miner and Minerals, which is to supply lignite to the Balmer Power Project of the company, is yet to commence mining operation pending completion of land acquisition. Continued delay in land acquisition and mining to full capacity will affect the operation of this plant.

3. As JSW Steel is expanding its captive power generation capacity, its captive requirement of corex gas is set to increase and its availability for JSW Energy's SBU I will decline, forcing the company to rely on domestic or imported coal for which it is yet to tie-up.
Ravi, Bangalore
328. Ravi, Bangalore  Jan 4, 2010 11:56 I Like It. | Report Abuse
Target 101.35-101.25 zone, 101.15. SELL on every rise.

For intra-day it is clearly weak.
Ravi, Bangalore
327. Ravi, Bangalore  Jan 4, 2010 11:37 I Like It. | Report Abuse
309. Rohit Dave

Technical Outlook for 2010

For 2010, I expect the Sensex to oscillate in the range of 19000 on the higher side and 14800 on the lower side. Also, I do not expect the market to surpass the previous high of 21206 as it is likely to remain within a larger
consolidation pattern according to the eight year cycle and not part of the next Bull Run, which I would expect to resume in 2011.

The current bullish structure would be negated only if the Sensex breaks below 14,800 levels, post election results till October 2009 highs of 17,493. I consider 14800
to be the major trend decider for the markets, going forward. In the event of 14800 levels being broken, I do not expect the markets to breach the support of 12300, the levels prior to the results of General Election 2009.
Ravi, Bangalore
326. Ravi, Bangalore  Jan 4, 2010 11:29 I Like It. | Report Abuse
JSW Energy 101.65- Resistance 101.8 - 101.85, Target 101.65-101.5 zone. Stop-loss 101.7 (Intra-day Call).

If stop-loss is crossed, rise to 102.15.



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