JSW Energy has raised Rs27 billion ($579 million) in its initial public offer after it priced the sale at the lower end of the Rs100-115 per share band following a tepid investor response.
The company will issue shares to retail individual bidders at a Rs5 discount to the issue price, it said in a newspaper advertisement on Tuesday.
The 270-million-share IPO, which closed on December 9, was subscribed 1.7 times, with institutional investors making up for the shortfall in retail demand.
The offering is the third-largest IPO from a power producer in India this year, behind state-run NHPC and private-sector utility Adani Power.
JSW had earlier issued 42.3 million shares to anchor investors, including units of Credit Suisse and Reliance Capital, at Rs110 a share.
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