JSW Energy is soon going to come out with an initial public offering (IPO).JSW Energy has filed the draft red herring prospectus with regulator Securities Exchange Board of India (SEBI),The company is expected to raise Rs 3,000 crore via the IPO.
JSW Energy currently owns and operates a power plant in Karnataka with a capacity of 560 mega watts (MW). It expects to commission further 705 MW capacity and will expand capacity by another 2,385 MW.
JSW Energy is promoted by Sajjan Jindal Group. JSW Steel currently holds 5.7% stake in JSW Energy. Sun Investments has 19.82% pre-IPO stake in JSW Energy, JSW Holdings is the sole promoter of Sun Investments. JSW Investments has 39.24% stake In JSW Energy.