JSW Energy is set to come out with an initial public offering (IPO) and has filed the prospectus with regulator Securities Exchange Board of India (SEBI), Seshagiri Rao, Joint Managing Director and Group CFO of JSW Steel reported. The date of IPO is still tentative. The company would raise Rs 3,000 crore via the IPO.

Few Financials of the company

FY09 profit after tax (PAT) of JSW Energy was at Rs 277 crore while FY09 revenue was at Rs 1,852 crore.

The company owns and operates a power plant in Karnataka with a capacity of 560 mega watts (MW). It expects to commission further 705 MW capacity power plant and will expand capacity by another 2,385 MW.

Stake distribution

JSW Steel currently holds 5.7% stake in JSW Energy. Sun Investments has 19.82% pre-IPO stake in JSW Energy, JSW Holdings is the sole promoter of Sun Investments. JSW Investments has 39.24% stake In JSW Energy.