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Home › IPOs › JSW Infrastructure Ltd.
JS
JSW Infrastructure Ltd.
CLOSED NSE & BSE Bookbuilding IPO Fresh Capital JSW Infrastructure IPO GMP
GREY MARKET PREMIUM
₹ 0
No premium data
EST. LISTING PRICE
₹119
Issue Price: ₹ 119
Issue Price
₹119
Face Value
₹2
Lot Size
126 shares
Open Date
25 Sep 2023
Close Date
27 Sep 2023
Allotment
28 Sep 2023
Listing Date
03 Oct 2023
Exchange
NSE & BSE
JSW Infrastructure IPO About the Company

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.

...read more
JSW Infrastructure IPO Objects of the Issue
Purpose Amount (₹ Cr)
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 IPO Lead Managers
JM Financial Ltd. Axis Capital Ltd. Credit Suisse Securities (India) Pvt.Ltd. Dam Capital Advisors Ltd. HSBC Securities & Capital Markets (India) Pvt.Ltd. ICICI Securities Ltd. Kotak Mahindra Capital Co.Ltd. SBI Capital Markets Ltd.
Financial Summary Amount in Crore
Metric 31 Mar 2020 31 Mar 2021 31 Mar 2022
Total Assets 7,192 8,255 9,429
Revenue 1,237 1,678 2,379
PAT 197 285 330
Net Worth 2,488 2,831 3,212
Reserves 2,487 2,830 3,209
Total Borrowing 3,103 3,946 4,409
JSW Infrastructure IPO Key Financial Ratios
ROE
18
ROCE
19
RONW
19
Issue Details
Total Shares Offered
235,294,117 (100%)
Post-Issue Shareholding
2,100,001,568 shares
UPI Mandate
27 Sep 2023
IPO Analytics Dashboard
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JSW Infrastructure IPO GMP Insights
👤
Retail Demand
Weak
💼
HNI Interest
Good
🏦
QIB Demand
Strong
📊
Valuation
Good
JSW Infrastructure IPO GMP Strength Score
6 / 10 Good
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
JSW Infrastructure IPO Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For
🏦 QIB — 176,470,589 (75%) —
💼 NII / HNI — 35,294,117 (15%) —
👤 Retail (RII) — 23,529,411 (10%) —
Σ Total — 235,294,117 (100%) —

* Amount calculated at upper price band (₹119) ·  ** Total includes all investor categories

Subscription Overview Share allocation by investor category
🏦
QIB ? 176,470,589 (75%)
75%
💼
NII / HNI ? 35,294,117 (15%)
15%
👤
Retail (RII) ? 23,529,411 (10%)
10%
Total Shares Offered 235,294,117 (100%)
JSW Infrastructure IPO Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 1
Shares / Lot 126
Min. Investment ₹14,994
💼 HNI Investors ?
Min. Lots 14
Min. Shares 1,764
Min. Investment ₹209,916
🏛️ bHNI (>₹10L) ?
Min. Lots 67
Min. Shares 8,442
Min. Investment ₹1,004,598
JSW Infrastructure IPO Valuation — EPS & P/E Pre & post-issue metrics
Pre-Issue EPS ?
₹ 4
Pre-Issue P/E ?
30 x
Post-Issue P/E ?
19 x
JSW Infrastructure IPO Timeline & Key Dates
  1. 1 💳 Initiation of Refund 28 Sep 2023
  2. 2 📂 Credit of Shares to Demat 29 Sep 2023
  3. 3 🔒 Lock-in Period (30%) October 28, 2023
  4. 4 🔒 Lock-in Period (50%) December 27, 2023
Investor Interpretation
  • Retail allocation is weak at 10% of the total offering.
  • HNI/NII demand is good at 15%.
  • Institutional (QIB) interest is strong at 75%.
  • The IPO P/E of 19x reflects a good valuation relative to typical market ranges.
  • Pre-issue EPS of ₹4.

This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.

STOCK PRICE HISTORY  ·  NSE
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Issue Price: ₹ 119  ·  Symbol: —
H —
L —
O —
JSW Infrastructure IPO Company Info
📍 JSW Centre, Bandra Kurla Complex Bandra (East), Mumbai - 400 051 Mumbai, Maharashtra
Visit Website
JSW Infrastructure IPO Registrar
Kfin Technologies Ltd.
Check Allotment Status
JSW Infrastructure IPO FAQs
JSW Infrastructure IPO has already listed. Its last recorded GMP was ₹0. GMP is only indicative and never a guarantee of listing gains.
The issue price of JSW Infrastructure IPO is ₹119 per share. One lot has 126 shares, so the minimum investment is about ₹14,994. It is a Fresh Capital issue.
JSW Infrastructure IPO opened on 25 Sep 2023 and closed on 27 Sep 2023. Allotment is tentatively finalised on 28 Sep 2023. Shares are listed on NSE & BSE on 03 Oct 2023.
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.
As per the offer document, JSW Infrastructure plans to use the IPO proceeds for: 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..
The lead managers of JSW Infrastructure IPO are JM Financial Ltd., Axis Capital Ltd., Credit Suisse Securities (India) Pvt.Ltd., Dam Capital Advisors Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., ICICI Securities Ltd., Kotak Mahindra Capital Co.Ltd., SBI Capital Markets Ltd..
JSW Infrastructure IPO is proposed to list on NSE & BSE; it is a Bookbuilding IPO and the issue is a Fresh Capital.
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