New Delhi, September 18, 2023: JSW Infrastructure Limited, led by Sajjan Jindal, has unveiled its plans for an eagerly anticipated initial public offering (IPO). JSW Infrastructure IPO price band is set at ₹113 to ₹119 per share, this significant financial event is scheduled to open for bidding from September 25th to September 27th, as announced by the company on Monday.
JSW Infrastructure is aiming to raise an impressive ₹2,800 crore through this IPO. Notably, this capital infusion will be facilitated via a fresh issue of shares, ensuring that there will be no dilution of the promoter’s existing equity. The majority stake in the company remains in the capable hands of Sajjan Jindal and his family trust, who continue to spearhead this dynamic port business.
In the landscape of cargo handling in India, JSW Infrastructure stands tall as the second-largest port operator in terms of cargo handling capacity for the fiscal year 2023. The company boasts an installed cargo handling capacity of 158.43 million tonnes per annum, accommodating a diverse range of commodities, including dry bulk, break bulk, liquid bulk, gases, and containers. Impressively, the company has achieved a remarkable 40% growth in cargo volumes since the fiscal year 2020, culminating in a cargo volume of 93 million tonnes as of March 31, 2023.
This marks the third public listing from the esteemed JSW Group, occurring 13 years after JSW Energy Ltd’s successful public offering in January 2010. The JSW Group, under the visionary leadership of Sajjan Jindal, boasts a diverse portfolio encompassing cement, paints, venture capital, and sports businesses in addition to its acclaimed port operations.
The consortium of book running lead managers for this JSW Infrastructure IPO includes esteemed names such as JM Financial Ltd., Axis Capital Ltd., Credit Suisse Securities (India) Private Ltd., DAM Capital Advisors Ltd., HSBC Securities and Capital Markets (India) Private Ltd., ICICI Securities Ltd., Kotak Mahindra Capital Company Ltd., and SBI Capital Markets Ltd.
As of the close of fiscal year 2023, JSW Infrastructure reported a commendable profit after tax (PAT) of ₹750 crore, accompanied by a robust topline figure of ₹3,195 crore. The company achieved an impressive earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 53%.
About JSW Infrastructure:
JSW Infrastructure stands as a prominent player among India’s private sector infrastructure firms. With a history dating back to 1999, the company boasts a workforce of over 1200 dedicated employees. JSW Infrastructure is renowned for its commitment to core values including transparency, relentless pursuit of excellence, and a dynamic approach, all underscored by a track record of operational excellence.
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