IPO

JSW Infrastructure Limited IPO

Mainboard

Port & Port services

Listed On: Oct 3, 2023 at ₹ 143.0(NSE)

₹ 14994 /126 Shares

Check Allotment

Price Summary

Last Closing

326.00 (173.95%)

52 Week High

360.95

52 Week Low

142.20

Last Update

19-Sep-2024 3:30 PM

JSW Infrastructure Limited IPO Details

25 Sep, 2023

Open Date

27 Sep, 2023

Close Date

28 Sep, 2023

Allotment Date

03 Oct, 2023

Listing Date

Issue Price

₹113-119 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFin Technologies Limited

List Price

143.0(NSE)

Listing Date

2023-10-03

Market Lot

Retail : 126 Shares (₹14,994/-)
S-HNI : 1,764 Shares (₹2,09,916/-)
B-HNI : 8,442 Shares (₹10,04,598/-)

Lead Manager

JM Financial Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, DAM Capital Advisors Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited

Issue Size

235,294,118 shares(aggregating up to ₹2,800.00 Cr)

Retail Portion

10% (Number of Retail Applications: 1,86,741 Approx),
(Number of S-HNI Applications : 6,669 Approx),
(Number of B-HNI Applications : 13,339 Approx)

Subscription

37.37 times

IPO Docs

DRHP RHP ANCHOR

JSW Infrastructure Limited IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved70,588,23635,294,118
23,529,412    11,764,705		23,529,411129,411,765
Day 1 - 25-09-23 05:00 PM0.03 x0.60
0.60 x   0.60 x		1.38 x0.43 x
Day 2 - 26-09-23 05:00 PM0.55 x3.70
3.77 x   3.57 x		4.55 x2.15 x
Day 3 - 27-09-23 05:00 PM57.09 x15.99
17.04 x   13.88 x		10.31 x37.37 x
Total No. of Applications: 16,89,636 (Approx)
Retail Subscription on the basis of Applications: 9.05 times

JSW Infrastructure Limited Valuations

Earnings Per Share (EPS)

₹4.12/-

P/E Ratio

N/A

RoNW

18.80%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

JSW Infrastructure Limited Company Financials All values are in ₹ Cr.

31-Mar-2331-Mar-2231-Mar-2131-Mar-20
Assets9,450.669,429.468,254.557,191.85
Revenue3,372.852,378.741,678.261,237.37
Profit After Tax749.51330.44284.62196.53

About The Company

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 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 is a part of the JSW Group. The company partners with JSW Group Customers (Related Parties) to pursue growth strategies.

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.

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JSW Infrastructure Limited - Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
JSW Infra5.0433.3418.%3,372
Adani Ports3.9524.114.3%20,852

JSW Infrastructure Limited IPO - Ratings

Canara Bank Securities LtdSubscribe
Choice Equity Broking Pvt LtdSubscribe
Motilal OswalSubscribe
Anand RathiSubscribe
Axis CapitalNeutral
Geojit SecuritiesSubscribe
Reliance SecuritiesSubscribe
Ventura SecuritiesSubscribe
Capital MarketMay Apply
Marwadi Shares and Finance LtdSubscribe

JSW Infrastructure Limited - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

  1. Sajjan Jindal Family Trust
  2. Sajjan Jindal

JSW Infrastructure Limited IPO - Issue Objectives

  1. Investment in our wholly owned Subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Limited, for prepayment or repayment, in full or part, of all or a portion of certain of their outstanding borrowings.
  2. Investment in our wholly owned Subsidiary, JSW Jaigarh Port Limited, for financing its capital expenditure requirements for proposed expansion/up-gradation works at Jaigarh Port.
  3. Investment in our wholly owned Subsidiary, JSW Mangalore Container Terminal Private Limited, for financing its capital expenditure requirements in relation to proposed expansion at Mangalore Container Terminal.
  4. General corporate purposes

JSW Infrastructure Limited IPO - Anchor Investors

JSW Infrastructure mops up Rs 1,260 crore from 65 anchor investors, ahead of IPO.

Global marquee investors like Government of Singapore, Monetary Authority of Singapore, Morgan Stanley, Fullerton, HSBC Trustee, TA Global, The Master Trust Bank of Japan, Cohesion MK Best Ideas, Goldman Sachs, Theleme India Master Fund, BNP Paribas Arbitrage - ODI, and Principal Global invested in the diversified maritime ports company via anchor book.

Domestic investors including Sunil Singhania-owned Abakkus, LIC Mutual Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon Life India, Aditya Birla Sun Life Trustee, SBI Life Insurance Company, Sundaram Mutual Fund, UTI Mutual Fund, Tata Mutual Fund, Max Life Insurance Company, Bajaj Allianz Life Insurance Company, and SBI General Insurance Company also participated in the anchor book.

JSW Infrastructure Limited IPO - FAQs

Ans. JSW Infrastructure Limited IPO is a Mainboard IPO. The issue is priced at ₹113-119 per equity share. The minimum order quantity is 126 Shares. The IPO opens on Sep 25, 2023, and closes on Sep 27, 2023. KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The JSW Infrastructure Limited IPO opens on Sep 25, 2023 and closes on Sep 27, 2023.

Ans. The size of JSW Infrastructure Limited IPO is 235,294,118 shares(aggregating up to ₹2,800.00 Cr).

Ans. The IPO price band is set between ₹113-119 per equity share.

Ans. To apply for JSW Infrastructure Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find JSW Infrastructure Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of JSW Infrastructure Limited IPO is Sep 28, 2023.

Ans. The JSW Infrastructure Limited IPO will be listed on Oct 3, 2023.

Ans. Follow the steps to check the allotment status for JSW Infrastructure Limited IPO here.