JSW Infrastructure Limited IPO Detail
Incorporated in 2006, JSW Infrastructure Limited provides maritime-related services including, cargo handling, storage solutions and logistics services. The company develop and operates ports and port terminals under Port Concessions.
JSW Infrastructure Limited is a part of the JSW Group. The company partners with JSW Group Customers (Related Parties) to pursue growth initiatives. JSW Infrastructure is the 2nd largest commercial port operator in the country in terms of cargo handling capacity in Fiscal 2022.
The company currently handle various types of cargo, including dry bulk, break bulk, liquid bulk, gases and containers. The company currently handling cargo also include thermal coal, coal (other than thermal coal), iron ore, sugar, urea, steel products, rock phosphate, molasses, gypsum, barites, laterites, edible oil, LNG, LPG, and containers.
JSW Infrastructure ports and port terminals typically have long concession periods ranging between 30 to 50 years, providing the company with long-term visibility of revenue streams.
The company has a presence across India with Non-Major Ports located in Maharashtra and port terminals located at Major Ports across the industrial regions of Goa and Karnataka on the west coast, and Odisha and Tamil Nadu on the east coast. JSW Infrastructure's international presence includes 2 terminals at Fujairah and Dibba in the UAE.
JSW Infrastructure Limited operates nine Port Concessions in India with an installed cargo handling capacity of 158.43 MTPA as of June 30, 2023. The company's installed cargo handling capacity in India has grown at a CAGR of 15.27% from March 31, 2021 to March 31, 2023.
Company Promoters
Mr. Sajjan Jindal and Sajjan Jindal Family TrustIPO Details
IPO Opening Date | Sep 25, 2023 |
IPO Closing Date | Sep 27, 2023 |
Issue Type | Book Built Issue IPO |
Face Value | ₹2 per equity share |
IPO Price | ₹113 - 119 per equity share |
Market Lot | 126 Shares |
Min Order Quantity | 126 Shares |
Listing At | BSE, NSE |
Issue Size | |
Fresh Issue | ₹2,800.00 Cr |
Offer for Sale | - |
Retail Portion | 10% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 0.03x | - | - | 0.63x | 1.50x | 0.46x |
Day 2 | 0.58x | - | - | 3.90x | 4.81x | 2.25x |
Day 3 | 60.12x | - | - | 16.83x | 10.86x | 39.36x |
IPO Tentative Timetable
The JSW Infrastructure Limited IPO open date is Sep 25, 2023, and the close date is Sep 27, 2023. The issue may list on Oct 03, 2023.
IPO Open Date | Sep 25, 2023 |
IPO Close Date | Sep 27, 2023 |
Basis of Allotment Date | Sep 28, 2023 |
Initiation of Refunds | Aug 28, 2023 |
Credit of Shares to Demat Account | Oct 29, 2023 |
IPO Listing Date | Oct 03, 2023 |
IPO Lot Size
The JSW Infrastructure Limited IPO market lot size is 126 shares. A retail-individual investor can apply for up to 13 lots (1638 shares or ₹194922).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 126 | ₹14994 |
Maximum | 13 | 1638 | ₹194922 |
IPO Promoter Holding
Pre Issue Share Holding | 96.42% |
Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 8254.55 | 1678.26 | 284.62 |
31-Mar-22 | 9429.46 | 2378.74 | 330.44 |
31-Mar-23 | 9450.66 | 9450.66 | 9450.66 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1. Prepayment or repayment, in full or part, of all or a portion of certain outstanding borrowings through investment in the wholly owned Subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Limited.
2. Financing capital expenditure requirements through investment in the wholly owned subsidiary, JSW Jaigarh Port Limited, for proposed expansion/upgradation works at Jaigarh Port i.e., i) expansion of LPG terminal ("LPG Terminal Project"); ii) setting up an electric sub-station; and iii) purchase and installation of dredger.
3. Financing capital expenditure requirements through investment in the wholly owned subsidiary, JSW Mangalore Container Terminal Private Limited, for the proposed expansion at Mangalore Container Terminal ("Mangalore Container Project").
4. General corporate purposes.
JSW Infrastructure Limited IPO Registrar:
KFin Technologies Limited
JSW Infrastructure Limited IPO Lead Manager(s):
Jm Financial Limited Axis Capital Limited Credit Suisse Securities (India) Private Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited
Company Contact Information:
JSW Infrastructure Limited
JSW Centre,
Bandra Kurla Complex Bandra (East),
Mumbai - 400 051