EspressoLogy

JSW Infrastructure Limited is coming out with a fresh public issue to raise Rs. 2800 crores from the market.

Below are the details of the JSW Infrastructure Limited IPO:

• Issue opens – September 25 (Monday)
• Issue closes – September 27 (Wednesday)
• Issue size – Rs. 2800 crores
• Price band – Rs. 113 to Rs. 119 per equity share
• Bid lot – 126 shares and in multiples thereof.

Heard about Pre-Apply IPO?

With Espresso’s Pre-Apply IPO feature, you can apply for IPOs before the start date or even after the market hours! Check out these easy-to-follow tutorials:

And here are some details of the company and further details on the JSW Infrastructure Limited IPO.

Company details:

• JSW Infrastructure Limited (“JSW Infra”) was incorporated on April 21, 2006. JSW Infra is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during Fiscal 2021 to Fiscal 2023, and the 2^nd largest commercial port operator in India in terms of cargo handling capacity in Fiscal 2023.  
• Their operations have expanded from one Port Concession at Mormugao, Goa to 9 Port Concessions as of June 30, 2023 across India, making them a diversified maritime ports company. 
• Their installed cargo handling capacity in India grew at a CAGR of 15.27% from 119.23 MTPA as of March 31, 2021 to 158.43 MTPA as of March 31, 2023. During the same period, their cargo volumes handled in India grew at a CAGR of 42.76% from 45.55 MMT to 92.83 MMT. 
• The installed cargo handling capacity in India grew from 153.43 MTPA as of June 30, 2022 to 158.43 MTPA as of June 30, 2023, and the volume of cargo handled by them in India grew from 23.33 MMT for the 3 month period ended June 30, 2022 to 25.42 MMT for the 3 month period ended June 30, 2023. 
• The company also operates 2 port terminals under O&M agreements for a cargo handling capability of 41 MTPA in the UAE as of June 30, 2023. 
• JSW Infra provides maritime related services including, cargo handling, storage solutions, logistics services and other value-added services to their customers, and is evolving into an end-to-end logistics solutions provider. They develop and operate ports and port terminals pursuant to Port Concessions. Their ports and port terminals typically have long concession periods ranging between 30 to 50 years.  
• JSW Infra have shown consistent financial performance over the last 3 Fiscals, with their revenue from operations, EBITDA and profit after tax having grown at a CAGR of 41.15%, 42.06% and 62.28%, respectively, from Fiscal 2021 to Fiscal 2023.  
• Their JSW Group Customers (Related Parties) are in the process of achieving expanded installed capacities at their facilities in India with JSW Steel aiming to achieve up to 37 MTPA in Fiscal 2025 from 27.7 MTPA in Fiscal 2023, and JSW Energy aiming to achieve up to 10 GW in Fiscal 2025 from 4.8 GW in Fiscal 2023.
  

Issue Size:

Rs. 2800 crores

Issue break-up:

• QIB – 75% of the offer – Rs. 2100.00 crores
• NIB – 15% of the offer – Rs. 420.00 crores
• RET – 10% of the offer – Rs. 280.00 crores

Listing:

BSE and NSE

Registrar:

KFin Technologies Limited

UPI:

All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

• Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
• The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Wednesday, September 27, 2023     

Not an Espresso customer, but still want to apply for the JSW Infrastructure Limited IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)