16-Sep-2023
2 mins read
JSW Infrastructure Limited got the final node from SEBI for its Initial Public Offering, starting on September 25, 2023 and concluding on September 27, 2023. The company intends to raise Rs 2,800-Rs 2,850 crore by the end of September. As per the reports by CNBC-TV18, a significant portion of the IPO funds, roughly Rs 900 crore, will be allocated for debt obligations. Additionally, around Rs 900 crore will be directed toward the development of an LPG terminal at Jaigarh port. Another Rs 250 crore is intended for the enhancement of JSW’s container terminal at NMPT, with approximately Rs 750 crore allocated for diverse expansion initiatives undertaken by JSW Infrastructure. The IPO is expected to be a fresh issue. The Listing date is expected to be on Friday, October 6, 2023.
JSW Infrastructure Limited Company Profile
JSW Infrastructure, established in 2006, specialises in offering a comprehensive range of maritime services. JSW Infrastructure is actively involved in the development and operation of ports and port terminals under the framework of port concessions. Through these endeavours, the company plays a pivotal role in the vital maritime and logistics sector.
JSW Infrastructure also involves in cargo handling, storage solutions, logistics services, and various value-added services tailored to the needs of its customers. Over time, the company has been transitioning into a full-fledged end-to-end logistics solutions provider.
Additionally, beyond its operations in India, the company effectively manages two port terminals through Operations and Maintenance (O&M) agreements, contributing to a cargo handling capability of 41 MTPA in the UAE as of December 31, 2022. This further underscores the company’s significant presence and contributions in the global maritime industry.
Financials of JSW Infrastructure Limited
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| Assets | 7,191.85 | 8,254.55 | 9,429.46 | 9,450.66 |
| Revenue | 1,237.37 | 1,678.26 | 2,378.74 | 3,372.85 |
| Profit After Tax | 196.53 | 284.62 | 330.44 | 749.51 |
| Net Worth | 2,488.23 | 2,831.18 | 3,212.13 | 3,934.64 |
| Reserves and Surplus | 2,486.53 | 2,829.84 | 3,208.98 | 3,645.75 |
| Total Borrowing | 3,102.57 | 3,945.82 | 4,408.69 | 4,243.70 |
Important Dates for JSW Infrastructure Limited
| IPO Date | September 25, 2023, to September 27, 2023 |
| Listing Date | October 6, 2023, |
| Face Value | RS 2 per share |
| Price | Yet to be announced |
| Lot Size | Yet to be announced |
| Total Issue Size | Aggregating up to Rs 2,800.00 Cr |
| Fresh Issue | Aggregating up to ₹2,800.00 Cr |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre-issue | 1,864,707,450 |
JSW Infrastructure IPO Reservation
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
Objectives of the JSW Infrastructure IPO
The company has outlined its plans for utilising the net proceeds from the issue as follows:
- To prepay or repay, either fully or partially, certain outstanding borrowings, which will involve investing in its wholly owned Subsidiaries, namely JSW Dharamtar Port Private Limited and JSW Jaigarh Port Limited.
- To finance the capital expenditure requirements, the company intends to invest in its wholly-owned subsidiary, JSW Jaigarh Port Limited, for the proposed expansion and upgrade projects at Jaigarh Port. These projects include:
- Expanding the LPG terminal (referred to as the “LPG Terminal Project”).
- Establishing an electric substation.
- Purchasing and installing a dredger.
- To meet the capital expenditure needs of its wholly owned subsidiary, JSW Mangalore Container Terminal Private Limited, for the proposed expansion of the Mangalore Container Terminal (referred to as the “Mangalore Container Project”).
- For general corporate purposes, which may encompass a range of operational and strategic initiatives to support the company’s overall business activities.
Promoters of the JSW Infrastructure IPO
Sajjan Jindal and Sajjan Jindal Family Trust are the promoters of the company.
Lead Managers of JSW Infrastructure IPO
The following companies are the lead managers of JSW Infrastructure IPO
- JM Financial Limited
- Axis Capital Limited
- Credit Suisse Securities
- DAM Capital Advisors Ltd (formerly known as IDFC Securities Ltd)
- HSBC Securities & Capital Markets Pvt Ltd
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
How to Apply for JSW Infrastructure IPO?
Wait for the public issue to open for subscription, then click on this link to apply for JSW Infrastructure IPO with Bigul: https://ipo.bonanzaonline.com/.
FAQ of JSW Infrastructure IPO
- What is the IPO start and end date for JSW Infrastructure Limited?
The JSW Infrastructure Limited IPO is scheduled to start on September 25, 2023, and conclude on September 27, 2023.
- How much does JSW Infrastructure intend to raise through its IPO?
JSW Infrastructure aims to raise between Rs 2,800 crore and Rs 2,850 crore by the end of September 2023.
- When is the expected listing date for JSW Infrastructure Limited IPO?
The expected listing date for JSW Infrastructure Limited IPO is Friday, October 6, 2023.
- What is the face value of JSW Infrastructure Limited shares?
The face value of JSW Infrastructure Limited shares is Rs 2 per share.
- What is the lot size for JSW Infrastructure Limited IPO?
The lot size for JSW Infrastructure Limited IPO is yet to be announced.
- Where will JSW Infrastructure Limited be listed after the IPO?
JSW Infrastructure Limited is set to be listed on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
- Who are the promoters of JSW Infrastructure Limited?
The promoters of JSW Infrastructure Limited are Sajjan Jindal and Sajjan Jindal Family Trust.
- How can I apply for JSW Infrastructure Limited IPO?
To apply for the JSW Infrastructure Limited IPO, you can wait for the public issue to open for subscription and then use the provided link to apply through your preferred financial platform or broker.