JSW Energy closes QIP issue; allocates 7.62 crore shares at ₹525 apiece

JSW Energy Ltd on Monday (May 25) said it has completed its ₹4,000 crore qualified institutional placement, marking the company’s second equity raise since its listing in 2010.The company said the issue received strong investor participation, with institutional investors backing its integrated and diversified energy platform across power generation, energy storage, and energy products and services.

The qualified institutional placement saw participation from domestic mutual funds, including SBI Mutual Fund, as well as global institutional investors such as GQG and BlackRock, along with insurance companies. JSW Energy said several investors who participated in the company’s earlier equity raise also took part in the current issue.
Also Read: JSW Energy Q4 Results: EBITDA surges 87% on acquisitions, capacity additionsThe proceeds from the ₹4,000 crore qualified institutional placement, along with liquidity from the recent preferential allotment to promoters and monetisation of JSW Steel shares generating gross proceeds of ₹3,150 crore, will further strengthen JSW Energy’s balance sheet and support its growth plans.

Further, JSW Energy said its Finance Committee has approved the closure of its qualified institutions placement issue, following receipt of application forms and funds from eligible qualified institutional buyers.
The committee approved the allocation of 7.62 crore equity shares at an issue price of ₹525 per share, including a premium of ₹515 per share. The issue price represents a discount of ₹9.05 per share, or 1.69%, to the floor price of ₹534.05 per share determined under Securities and Exchange Board of India regulations.Also Read: JSW Energy sells shares worth ₹3,150 crore in JSW Steel as part of monetisation strategy

The company also approved and finalised the confirmation of allocation note to be sent to eligible qualified institutional buyers and adopted the placement document dated May 25, 2026.

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said, “This capital raise is a strong endorsement of our strategy and the long-term structural opportunity in India’s power sector. The quality of our investor base – amongst leading global asset managers and domestic institutions, many of whom have backed us across both our recent equity raises – reflects the confidence the market places in our Company and our people.

With this raise, we are now well-capitalised to pursue our Strategy 3.0 with agility – expanding across renewable, thermal, and energy storage platforms, and delivering on our ambition of becoming one of India’s most transformative energy companies.”

Also Read: JSW Energy to raise stake in Toshiba power equipment venture with ₹150 crore deal

Jefferies India Private Ltd was the sole Book Running Lead Manager, Khaitan & Co was the Legal Counsel to the company, while Shardul Amarchand Mangaldas & Co and Linklaters Singapore Pte Ltd were the legal counsels to the Book Running Lead Manager.

Shares of JSW Energy Ltd ended at ₹557.15, up by ₹6.15, or 1.12%, on the BSE.