The Initial Public offering (IPO) of the JSW Energy has got an emphatic response from the investors. Within the minutes of opening of the issue, the IPO got a full subscription, on Monday.

According to a source in the market, 22.7 crore equity shares will be issued through this IPO, which will the help the company to raise Rs. 2700 crore. Qualified Institutional buyers made bids for twice the number of shares reserved for them.

The company has set the price of the shares between a band of Rs. 100-115 per equity share. Moreover, the retail investors will get a discount of Rs. 5 on the issue price that will be decided after the completion of the book building process.

JSW Energy, which is a private sector power producer, has issued shares to seven anchor investors, including Reliance Capital Trustee and Credit Suisse Singapore Ltd at a price of Rs 110 per share, to raise Rs 464.86 crores.

The company boasts of an operational capacity of 860 MW with an additional 2,790 MW capacity, which is under construction and implementation stage.