Published : September 25, 2023
JSW Infrastructure Ltd was established in 2006 and is primarily engaged in offering maritime-related services, including cargo handling, storage solutions, and logistics support services. Additionally, the company specializes in the development and operation of ports and port terminals through Port Concessions. JSW Infrastructure Ltd is a subsidiary of the renowned JSW Group, which is an offshoot of the original Jindal Group. Notably, this IPO marks the first public offering by the JSW Group in over a decade.
As the second-largest commercial port operator in India, JSW Infrastructure Ltd boasts an impressive cargo handling capacity. The company manages various types of cargo, such as dry bulk cargo, break bulk cargo, liquid bulk cargo, gases, and containers. The company manages various cargo materials, encompassing coal, iron ore, sugar, urea, steel products, rock phosphate, molasses, gypsum, barites, edible oil, LNG, and LPG.
JSW Infrastructure Ltd’s port concessions are characterized by lengthy terms, ranging from 30 to 50 years, which ensures sustainable revenue visibility over the long term. The company’s operational presence spans multiple locations in India, encompassing non-major ports in Maharashtra and port terminals in Goa, Karnataka, Odisha, and Tamil Nadu. Furthermore, it has a global footprint in the UAE. Overall, JSW Infrastructure manages nine Port Concessions in India, with a combined installed cargo handling capacity of 158.43 million metric tons per annum (MTPA). Over the past three years, the company has achieved a remarkable Compound Annual Growth Rate (CAGR) of 15.27% in cargo handling capacity.
The IPO of JSW Infrastructure Ltd will be overseen by a distinguished group of lead managers, including JM Financial, Axis Capital, Credit Suisse Securities, DAM Capital (formerly IDFC Securities), HSBC Securities, ICICI Securities, Kotak Mahindra Capital, and SBI Capital Markets. KFIN Technologies Ltd will serve as the registrar to the issue.
The company’s net proceeds from the issue will be allocated to the following objectives:
The subscription for the IPO will be open from September 25th and will close on September 27th.
|IPO Open Date||Monday, September 25, 2023|
|IPO Close Date||Wednesday, September 27, 2023|
The price band for the JSW Infrastructure IPO has been set at ₹113 to ₹119 per share.
|IPO Price||₹113 to ₹119 per share|
|Issue Type||Book Built Issue IPO|
|Face Value||₹2 per share|
|Market Lot||126 Shares|
|Listing At||BSE, NSE|
|Total Issue Size||235,294,118 shares|
(aggregating up to ₹2,800.00 Cr)
Mr. Sajjan Jindal and the Sajjan Jindal Family Trust serve as the promoters of the company.
|Pre Issue Share Holding||96.42%|
|Post Issue Share Holding|
|Period Ended||31 Mar 2020||31 Mar 2021||31 Mar 2022||31 Mar 2023|
|Profit After Tax||196.53||284.62||330.44||749.51|
|Reserves and Surplus||2,486.53||2,829.84||3,208.98||3,645.75|
Kfin Technologies Limited
Phone: 04067162222, 04079611000
JSW Infrastructure Limited
Bandra Kurla Complex Bandra (East),
Mumbai – 400 051
Phone: +91 22 4286 1000
Email: infra.secretarial@ jsw.in
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