Jsw infrastructure ipo gmp– Click here
JSW Infrastructure is scheduled to launch its IPO on September 25, with the closing date set for September 27. The IPO aims to raise approximately ₹2,800 crores, consisting of a fresh issue of ₹2800 crores and an offer for sale of equity shares priced at ₹2 each. The allocation for different categories is as follows: 10% for retail investors, 75% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs).
About jsw infrastructure
JSW Infrastructure has established itself as a rapidly growing player in the field of port-related infrastructure. In the period from Fiscal 2020 to Fiscal 2022, the company achieved remarkable growth in both installed cargo handling capacity and cargo volumes handled. As of Fiscal 2022, it holds the distinction of being the second-largest commercial port operator in India in terms of cargo handling capacity.
The company’s journey began with the acquisition of one Port Concession in Mormugao, Goa, by the JSW Group in 2002, and operations commenced in 2004. Since then, it has expanded its operations significantly, currently holding nine Port Concessions across India. This diversification has transformed JSW Infrastructure into a versatile maritime ports company.
JSW Infrastructure offers an array of maritime-related services, encompassing cargo handling, storage solutions, logistics services, and various value-added services. The company is evolving into a comprehensive end-to-end logistics solutions provider. Their portfolio includes the development and operation of ports and port terminals under Port Concessions. These concessions typically have long durations, ranging from 30 to 50 years, providing the company with a stable outlook for revenue generation. As of December 31, 2022, the capacity-weighted average balance concession period for their operational ports and terminals is approximately 25 years, with Jaigarh Port, one of their significant assets, holding a balance concession period of 35 years.
Geographically, JSW Infrastructure has a diversified presence in India, with Non-Major Ports located in Maharashtra and port terminals situated at Major Ports across industrial regions, including Goa and Karnataka on the west coast, and Odisha and Tamil Nadu on the east coast. These strategic locations are well-connected to cargo origination and consumption points. This positioning enables the company to serve the industrial hinterlands of several states, including Maharashtra, Goa, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Chhattisgarh, Jharkhand, and Odisha. Furthermore, the company benefits from robust evacuation infrastructure at its ports and port terminals, which includes multi-modal evacuation methods such as coastal movement through a dedicated fleet of mini-bulk carriers, rail and road networks, and conveyor systems. This extensive infrastructure enhances the efficiency and attractiveness of their ports as a preferred choice for customers.
The objectives of the JSW Infrastructure IPO are as follows:
- 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.
- 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.
- 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.
- General corporate purposes.
JSW Infrastructure IPO Details
| Parameter | Details |
|---|---|
| IPO Open | September 25, 2023 |
| IPO Close | September 27, 2023 |
| IPO Size | Approx ₹2800 Crores |
| Fresh Issue | Approx ₹2800 Crores |
| Offer for Sale | – |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹113 to ₹119 Per Share |
| IPO Listing on | BSE & NSE |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Discount | N/A |
| DRHP Draft Prospectus | [Click Here] |
| RHP Draft Prospectus | [Click Here] |
JSW Infrastructure IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 126 | ₹14,994 |
| Retail Maximum | 13 | 1,638 | ₹194,922 |
| S-HNI Minimum | 14 | 1,764 | ₹209,916 |
| B-HNI Minimum | 67 | 8,442 | ₹1,004,598 |
JSW Infrastructure Company Financial Report
| PARTICULARS | MAR 2018 | MAR 2019 | MAR 2020 | MAR 2021 | MAR 2022 |
|---|---|---|---|---|---|
| Net Sales | 229.53 | 270.83 | 284.57 | 320.26 | 457.97 |
| Total Expenditure | 61.81 | 208.09 | 128.27 | 164.05 | 270.04 |
| Operating Profit | 167.72 | 62.74 | 156.30 | 156.21 | 187.93 |
| Other Income | 33.88 | 65.42 | 72.93 | 49.55 | 132.22 |
| Interest | 29.41 | 6.11 | 66.80 | 69.16 | 145.35 |
| Depreciation | 74.07 | 1.62 | 1.77 | 1.77 | 1.66 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 98.11 | 120.43 | 160.65 | 134.83 | 173.14 |
| Provision for Tax | 27.22 | 9.50 | 29.14 | 35.84 | 32.60 |
| Net Profit | 70.89 | 110.93 | 131.51 | 98.97 | 140.88 |
| Strengths | Risks |
|---|---|
| – Fastest growing port-related infrastructure company | – Operational risks affecting port services, logistics operations, and other operations |
| – Second largest commercial port operator in India | – Factors such as equipment breakdown, accidents, fatalities, labor disputes, and regulations |
| – Significant growth in installed cargo handling capacity and cargo volumes | – Risk of depreciation in the Indian Rupee |
| – Predictable revenues from long-term concessions, committed cargo, and stable tariffs | – Potential for losses incurred by the company and its subsidiaries |
| – Long concession periods for port assets | – Impact on consolidated results of operations and financial condition |
| – Diversified operations handling various cargo types and geographic locations | – Losses recorded by certain subsidiaries |
| Company Name | JSW Infrastructure Limited |
|---|---|
| Promoters | Sajjan Jindal Family Trust, Sajjan Jindal |
| IPO Registrar | KFin Technologies Limited |
| Registrar Contact | Telephone: +91 40 6716 2222 |
| E-mail: jswinfrastructure.ipo@kfintech.com | |
| Website: www.kfintech.com | |
| IPO Allotment Status Check | Check on KFin Technologies website allotment URL. Click Here |
| Lead Managers | – 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 | |
| Company Address | JSW Infrastructure Limited |
| JSW Centre, | |
| Bandra Kurla Complex, Bandra (East), | |
| Mumbai 400 051, Maharashtra, India | |
| Contact Information | Phone: +91 22 4286 1000 |
| Email: infra.secretarial@jsw.in | |
| Website: www.jsw.in/infrastructure |
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