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IPO News

JP Power Venture a power subsidary from JP Associate group is planning to raise 1 Billion $ (~4000 Cr) through IPO to fund its future projects.The board of JP Power will meet next week to decide on the pre-IPO placement.JP Associates will hold close to 68% post the IPO.
According to , Manoj Gaur, Executive Chaiman, JP Associates Group, Jai Prakash Power Ventures is a subsidiary company of JP Associates and is running a 400 mw Vishnuprayag power station and it is in the process of setting up a 1000 mw power plant and it holds power assets which will be giving almost 5000 mw to the nation in the next 5-7 years.
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