JSW Infrastructure Limited IPO: Constructing a better world after 13 years



JSW Infrastructure Limited Overview:

  • Established in 2006: JSW Infrastructure Limited, founded in 2006, specializes in maritime-related services, encompassing cargo handling, storage solutions, and logistics services.
  • Port Development and Operation: The company is primarily involved in developing and operating ports and port terminals through port concessions.
  • Part of JSW Group: JSW Infrastructure Limited is an integral part of the JSW Group, a conglomerate with diverse business interests.
  • Collaboration with JSW Group Customers: JSW Infrastructure collaborates closely with JSW Group Customers, which are related parties, to pursue various growth initiatives.
  • Prominent Commercial Port Operator: As of Fiscal 2022, JSW Infrastructure stands as the second-largest commercial port operator in India, based on cargo handling capacity.
  • Diverse Cargo Handling: The company boasts extensive expertise in handling various types of cargo, which includes dry bulk, break bulk, liquid bulk, gases, and containers. Specific cargo categories managed by the company encompass thermal coal, coal (excluding thermal coal), iron ore, sugar, urea, steel products, rock phosphate, molasses, gypsum, barites, laterites, edible oil, LNG, LPG, and containers.Read More
  • Long Concession Periods: JSW Infrastructure manages ports and port terminals with extended concession periods, typically spanning from 30 to 50 years. These extended agreements ensure stable and long-term revenue streams for the company.
  • National Presence: The company has established a significant presence across India, with Non-Major Ports situated in Maharashtra and port terminals strategically positioned at Major Ports within key industrial regions. These regions include Goa and Karnataka on the west coast, as well as Odisha and Tamil Nadu on the east coast.
  • International Reach: JSW Infrastructure extends its operations beyond India, with two terminals situated in the United Arab Emirates (UAE), specifically at Fujairah and Dibba.
  • Port Concessions: JSW Infrastructure Limited holds and manages nine Port Concessions in India. These concessions collectively boast an installed cargo handling capacity of 158.43 million metric tons per annum (MTPA) as of June 30, 2023.
  • Impressive Growth: The company’s cargo handling capacity in India has showcased remarkable growth, achieving a Compound Annual Growth Rate (CAGR) of 15.27% between March 31, 2021, and March 31, 2023. This signifies the company’s commitment to expanding and enhancing its capabilities in the maritime and cargo-handling sector.

JSW Infrastructure IPO Details

IPO DateSeptember 25, 2023
Listing DateFriday, October 6, 2023
Face Value₹2 per share
Price Band₹113 to ₹119 per share
Lot Size126 Shares
Total Issue Size
(aggregating up to ₹2,800.00 Cr)
Fresh Issue235,294,118 shares
(aggregating up to ₹2,800.00 Cr)

JSW Infrastructure IPO Timeline

IPO Open DateMonday, September 25, 2023
IPO Close DateWednesday, September 27, 2023
Basis of AllotmentTuesday, October 3, 2023
Initiation of RefundsWednesday, October 4, 2023
Credit of Shares to DematThursday, October 5, 2023
Listing DateFriday, October 6, 2023

Key Performance Indicator

P/E (x)29.67
Post P/E (x)19.38
Market Cap (₹ Cr.)24990
EPS (Rs)4.12

JSW Infrastructure IPO Lot Size

Retail (Min)1126₹14,994
Retail (Max)131638₹194,922
S-HNI (Min)141,764₹209,916
S-HNI (Max)668,316₹989,604
B-HNI (Min)678,442₹1,004,598
Panel of JSW INFRA

Company Financials:

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Profit After Tax196.53284.62330.44749.51
Net Worth2,488.232,831.183,212.133,934.64
Reserves and Surplus2,486.532,829.843,208.983,645.75
Total Borrowing3,102.573,945.824,408.694,243.70

Objects of the Issue (JSW Infrastructure IPO Objectives)

Utilization of Net Proceeds:

  1. Repayment of Outstanding Borrowings: The company intends to allocate a portion of the net proceeds towards the prepayment or repayment of certain outstanding borrowings. This allocation will be accomplished through investments in its wholly owned Subsidiaries, namely JSW Dharamtar Port Private Limited and JSW Jaigarh Port Limited.
  2. Capital Expenditure Financing: JSW Infrastructure plans to finance its capital expenditure requirements by investing in its wholly owned subsidiary, JSW Jaigarh Port Limited. This investment will support proposed expansion and upgradation projects at Jaigarh Port, including the expansion of the LPG terminal (referred to as the “LPG Terminal Project”), the establishment of an electric sub-station, and the acquisition and installation of a dredger.
  3. Expansion at Mangalore Container Terminal: A portion of the net proceeds will be directed towards financing capital expenditure requirements in the wholly owned subsidiary, JSW Mangalore Container Terminal Private Limited. This investment will facilitate the proposed expansion of the Mangalore Container Terminal (referred to as the “Mangalore Container Project”).
  4. General Corporate Purposes: JSW Infrastructure intends to utilize the remaining net proceeds for general corporate purposes, contributing to its ongoing operational and strategic initiatives.
JSW symbol

JSW Infrastructure IPO Review (Apply):

JSW Infrastructure Limited (JIL), an arm of the JSW Group, is launching its IPO after more than a 13-year hiatus. The company operates in the infrastructure sector and has demonstrated consistent growth in both its revenue and profits over the reported periods. Looking at the projected earnings for the fiscal year 2024 on an annualized basis, the IPO seems to offer a reasonably attractive valuation. This suggests that investors might find it worthwhile to allocate their funds for the medium to long term.

JSW Infrastructure IPO Subscription Details

  • JSW Infrastructure IPO subscribed:- 0.46 times by Sep 25, 2023, at 7:02 PM.
  • Retail category subscription: 1.50 times.
  • QIB category subscription: 0.03 times.
  • NII category subscription: 0.63 times.

Check Day by Day Subscription Details (Live Status)

JSW Infrastructure IPO GMP

As of the latest update on September 24th, 2023, the Grey Market Premium (GMP) for the JSW Infrastructure IPO stands at ₹18. With an IPO price band of ₹119.00, the estimated listing price for the JSW Infrastructure IPO would be ₹137. This suggests a potential expected gain of approximately 15.13% per share.

Additional details for retail and small High Net Worth Individuals (HNI) subject to Sauda are as follows:

  • JSW Infrastructure IPO Retail Subject to Sauda: ₹1700
  • JSW Infrastructure IPO Small HNI Subject to Sauda: ₹23800

Please note that these figures are subject to change and should be verified with the latest market information before making any investment decisions.

check day by day GMP Details(Live Status)


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One thought on “JSW Infrastructure Limited IPO: Constructing a better world after 13 years

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