People in the know have told CNBC-TV18 that the company plans to raise up to ₹4,000 crore through this share sale to eligible institutional bidders.
The indicative issue price is said to be between ₹525 to ₹527 per share, which is a discount of up to 2.25% from its previous close, according to sources. This will lead to a potential equity dilution of up to 4.14% of post-issue outstanding equity capital of the company.
Floor price of the QIP has been fixed as ₹534.05 per share, which is nearly the same as the price at which the stock closed on Wednesday.
Fund Raising Spree
On December 12, 2025, JSW Energy’s board had approved the raising of funds up to 10,000 crore via QIP or other securities.
The company in December had also said it had approved issuing 95.23 lakh shares via preferential basis to the promoter at ₹525 per share. JSW Energy would issue convertible warrants of 4.76 crore to the promoter at ₹525 per share.
The QIP comes just a few days after the company had sold 2.5 crore shares in JSW Steel through a block deal worth ₹3,150 crore. SBI Mutual Fund, and GQG were buyers in that transaction.
At the end of the March quarter, promoter and promoter groups held 70.22% stake in JSW Energy, while public shareholders held 29.72%. Promoter group holding will now be revised after the stake sale in JSW Steel and the potential dilution that takes place after the QIP.
Shares of JSW Energy Ltd. ended the previous session 0.7% higher at ₹537 apiece. The stock has gained 7% this year, so far.
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