JSW Energy IPO

IPO info in brief:
Issue Detail:
»» Issue Open: Dec 07, 2009 - Dec 09, 2009
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 2,700.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 100 - Rs. 115 Per Equity Share
»» Market Lot: 60 Shares
»» Minimum Order Quantity: 60 Shares
»» Listing At: BSE, 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. Click here to download the CARE IPO Grading Document for JSW Energy Ltd.

Bidding Status (IPO subscription detail):
Number of Times Issue is Subscribed (BSE + NSE)
As on Date & Time Qualified Institutional Buyers (QIBs) Non Institutional Investors Retail Individual Investors (RIIs) Total
Shares Offered / Reserved 119,631,921 26,982,124 80,946,371 227,560,415
Day 1 - Dec 07, 2009 17:00 IST 2.3633 0.0064 0.0185 1.2500
Day 2 - Dec 08, 2009 17:00 IST 2.7710 0.0548 0.0566 1.4800
Day 3 - Dec 09, 2009 17:00 IST 2.8846 0.1510 0.4040 1.6800

My review:
This IPO will work or perform better then all previous ipo because
1. Its fair value is some what near 80-90