Here are the recommendations of various entities on the Street.
ShareKhan has lot of praise as they are the Book Running Lead managers to the issue and they have to get the IPO subscribed.
In recent times JSWE has exhibited strong execution capabilities. The company has commenced commercial operations of two units of 300MW each in July 2009 and September 2009 in Karnataka.
Jeez!! this project is few years behind schedule.
The company has also indicated that anything related to power such as power trading, transmission and distribution, mining and equipment
manufacturing comes under its operations and all of these hold great promise. Its ambitious plan to take its total power generation capacity to 11,390MW by 2015 also looks attainable, looking at its arrangements in place.
They told the same when Reliance Power went for IPO.
Angel Broking has NEUTRAL View.
Edelweiss has come out with a clear DO NOT SUBSCRIBE Recommendation.
Prabhudas Liladhar Analyst must go back to school to calculate EPS . They recommend a SUBSCRIBE.
For a PAT of Rs 599 cr, EPS is 11. I don't on what Equity Base it has been calculated. As Pre IPO its 137 cr shares and post-ipo its 161 cr shares.
Kindly skip the JSW energy IPO, only to preserve your hard earned money and not erode your capital.
