JSW Infrastructure Limited, a part of the JSW Group, has fixed the price band at Rs. 113 to Rs. 119 per Equity Share for its initial public offering of Equity Shares.

The initial public offering of the company will open on Monday, September 25, 2023, for subscription and close on Wednesday, September 27, 2023.

Investors can bid for a minimum of 126 Equity Shares and in multiples of 126 Equity Shares thereafter.

The issue is entirely a fresh issue of Equity Shares worth Rs. 2,800 crore.

"The objects of the issue are to prepay or repay Rs 880 cr of it’s outstanding borrowings; finance capital expenditure requirements amounting to Rs 865.75 cr for an LPG Terminal Project, Rs 59.4 crs for setting up an electric sub-station, Rs 103.88 cr for the purchase and installation of a dredger and finance Rs 151.04 crs for the proposed expansion at Mangalore Container Terminal besides general corporate purposes," the company said in a statement.