Japan Airlines Co. said Monday it will set its share price at ¥3,790 when it goes public Sept. 19.

Setting the price at the upper limit of the ¥3,500 to ¥3,790 price range it announced for book-building, the carrier will sell 175 million shares from Tuesday through Friday for delivery on the relisting day, it said.

Of the shares, 131.25 million will be sold within Japan and the rest overseas, according to the carrier.

After holding book-building among institutional investors and others from Aug. 31 through last Friday, JAL said it found sufficient demand for its shares.

Many of the investors were willing to buy at the upper-limit value, it said.

Following bankruptcy in 2010 and a subsequent injection of public funds through the government-backed Enterprise Turnaround Initiative Corp. of Japan, the carrier has made a quick turnaround to be relisted on the Tokyo Stock Exchange.

It all goes to plan, the relisting will be worth nearly double the ¥350 billion in taxpayer money invested in JAL. The ETIC is expected to unload all of its shareholdings to get back the public funds.

JAL filed for bankruptcy protection in January 2010 and was delisted from the TSE's first section the following month.

After carrying out a series of cost-cuts, such as slashing its workforce and terminating unprofitable routes, the airline has seen its earnings improve sharply.