JSW Infrastructure IPO Details ( JSW Infrastructure Limited IPO Review )
(25 Sep 2023 – 27 Sep 2023)
JSW Infrastructure Limited, founded in 2006, offers a range of maritime services like handling cargo, storage solutions, and logistics. They develop and run ports and terminals through Port Concessions.
Belonging to the JSW Group, JSW Infrastructure collaborates with JSW Group Customers (Related Parties) to drive growth. In Fiscal 2022, it became the country’s second-largest commercial port operator in terms of cargo handling capacity.
Currently, the company deals with various types of cargo, including dry bulk, break bulk, liquid bulk, gases, and containers. Some examples of the cargo they handle include thermal coal, non-thermal coal, iron ore, sugar, urea, steel products, rock phosphate, molasses, gypsum, barites, laterites, edible oil, LNG, LPG, and containers.
JSW Infrastructure manages ports and terminals with long concession periods, typically lasting between 30 to 50 years, ensuring stable revenue streams.
The company has a nationwide presence, with Non-Major Ports in Maharashtra and port terminals in Major Ports across Goa, Karnataka (on the west coast), Odisha, and Tamil Nadu (on the east coast). Internationally, they operate two terminals in Fujairah and Dibba in the UAE.
As of June 30, 2023, JSW Infrastructure Limited operates nine Port Concessions in India, with a cargo handling capacity of 158.43 MTPA. Their cargo handling capacity in India has grown at a steady rate, with a Compound Annual Growth Rate (CAGR) of 15.27% from March 31, 2021, to March 31, 2023.
JSW Infrastructure Limited IPO Competitive Strength
- Fastest growing port-related infrastructure company and second largest commercial port operator in India
- Strategically located assets at close proximity to JSW Group Customers (Related Parties) and industrial clusters supported by a multi-modal evacuation infrastructure
- Predictable revenues driven by long-term concessions, committed long-term cargo and stable tariffs
- Diversified operations in terms of cargo profile, geography and assets
- Demonstrated project development, execution and operational capabilities
- Benefit from strong corporate lineage of the JSW Group and a qualified and experienced management team
- Strong financial metrics with a growing margin profile, return metrics and growth
JSW Infrastructure IPO Financials Performance ( Results )
JSW Infrastructure Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 7,191.85 | 1,237.37 | 196.53 | 1.06 | 2,488.23 | 13.84 | 2,486.53 | 3,102.57 |
| 31-Mar-21 | 8,254.55 | 1,678.26 | 284.62 | 1.62 | 2,831.18 | 15.75 | 2,829.84 | 3,945.82 |
| 31-Mar-22 | 9,429.46 | 2,378.74 | 330.44 | 1.82 | 3,212.13 | 17.87 | 3,208.98 | 4,408.69 |
| 30-Jun-22 | 9,651.89 | 819.70 | 192.55 | 1.06 | 3,353.62 | 18.65 | 3,353.68 | 4,553.58 |
| 31-Mar-23 | 9,450.66 | 3,372.85 | 749.51 | 4.12 | 3,934.64 | 21.88 | 3,645.75 | 4,243.70 |
| 30-Jun-23 | 9631.57 | 878.10 | 322.20 | 1.78 | 4,246.10 | 23.62 | 3,946.51 | 4,228.38 |
Objective of JSW Infrastructure IPO Issue
- Prepayment or repayment, in full or part, of all or a portion of certain outstanding borrowings through investment in the wholly owned Subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Limited.
- Financing capital expenditure requirements through investment in the wholly owned subsidiary, JSW Jaigarh Port Limited, for proposed expansion/upgradation works at Jaigarh Port i.e., i) expansion of LPG terminal (“LPG Terminal Project”); ii) setting up an electric sub-station; and iii) purchase and installation of dredger.
- Financing capital expenditure requirements through investment in the wholly owned subsidiary, JSW Mangalore Container Terminal Private Limited, for the proposed expansion at Mangalore Container Terminal (“Mangalore Container Project”).
- General corporate purposes.
JSW Infrastructure IPO Basic Details
| IPO Date | Sep 25, 2023 to Sep 27, 2023 |
| Listing Date | Friday, October 6, 2023 |
| Face Value | ₹2 per share |
| Price | ₹113 to ₹119 per share |
| Lot Size | 126 Shares |
| Issue Size | 235,294,118 shares of ₹2 (aggregating up to ₹2,800.00 Cr) |
| Fresh Issue | 235,294,118 shares of ₹2 (aggregating up to ₹2,800.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 1,864,707,450 |
| Share holding post issue | 2,100,001,568 |
| Company Promoters | Mr. Sajjan Jindal and Sajjan Jindal Family Trust |
JSW Infra IPO Reservation
| QIB Shares Offered | 75% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 10% of the Net Issue |
JSW Infra IPO Timetable
JSW Infra IPO will open on September 25, 2023 and close on September 27, 2023. You can join JSW Infra IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 25 September 2023 (Monday) |
| Closing Date | 27 September 2023 (Wednesday) |
| Basis of Allotment | 3 October 2023 (Tuesday) |
| Initiation of Refunds | 4 October 2023 (Wednesday) |
| Credit of Shares to Demat | 5 October 2023 (Thursday) |
| Listing Date | 6 October 2023 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 27 September 2023 |
JSW Infra IPO Lot Size
For retail investors in JSW Infra IPO, 126 shares will come in 1 lot or the minimum investment will be ₹14,994. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹194,922.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 126 | ₹14,994 |
| Retail (Max) | 13 | 1638 | ₹194,922 |
| S-HNI (Min) | 14 | 1,764 | ₹209,916 |
| S-HNI (Max) | 66 | 8,316 | ₹989,604 |
| B-HNI (Min) | 67 | 8,442 | ₹1,004,598 |
JSW Infrastructure IPO Promoter Holding
The company’s promoters include Mr. Sajjan Jindal and Sajjan Jindal Family Trust.
| Pre Issue Share Holding | 96.42% |
| Post Issue Share Holding | – |
JSW Infrastructure Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 24990 |
| Earning Per Share (EPS) | ₹4.12 per Equity Share |
| Net Asset Value (NAV) | ₹21.88 per Equity Share |
| P/E Ratio (P/E) (x) | 19.38 |
| Return on Net Worth (RoNW) (%) | 18.80 |
| Return on equity (ROE) (%) | 18.33 |
| Return on Capital Employed (ROCE) (%) | 19.49 |
| Debt/Equity Ratio | Coming Soon |
JSW Infrastructure Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| JSW Infrastructure Limited | Consolidated | 2 | 4.12 | 19.38 | 18.80 | 21.88 |
| Peer Group | ||||||
| Adani Ports and SEZ Limited | Consolidated | 2 | 24.58 | 35.95 | 11.65 | 211.02 |
JSW Infrastructure IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 26 September 2023 | ₹19 | – | – |
| 25 September 2023 | ₹18 | – | – |
| 24 September 2023 | ₹17 | – | – |
| 23 September 2023 | ₹17 | – | – |
| 22 September 2023 | ₹17 | – | – |
JSW Infrastructure IPO Detail Video:
JSW Infrastructure IPO Subscription Status (Bidding Detail)
The JSW Infrastructure IPO on September 27, 2023 at 7:30:00 PM was subscribed 39.36 times, with the retail category being subscribed 10.87 times, the NII (Non-Institutional Investor) category being subscribed 16.83 times, QIB (Qualified-Institutional Buyers) category being subscribed 60.12 times.
| Category | Subscription |
| QIB | 60.12x |
| NII | 16.83x |
| Retail | 10.87x |
| Total | 39.36x |
JSW Infrastructure IPO Prospectus
| JSW Infrastructure IPO DRHP | Download |
| JSW Infrastructure IPO RHP | Download |
| JSW Infrastructure IPO Anchor Investors Details PDF | Download |
JSW Infrastructure IPO Rating
| Our Rating | 4.0/5.0 |
JSW Infrastructure Company Contact Information
JSW Infrastructure Limited
Corporate Identity Number: U45200MH2006PLC161268
Registered and Corporate Office: JSW Centre, Bandra Kurla Complex
Bandra (East), Mumbai 400 051, Maharashtra, India
Telephone: +91 22 4286 1000;
Contact Person: Gazal Qureshi, Company Secretary and Compliance Officer;
E-mail: infra.secretarial@jsw.in
Website: www.jsw.in/infrastructure
Our Promoters: Sajjan Jindal and Sajjan Jindal Family Trust
JSW Infrastructure IPO Registrar
KFin Technologies Limited
Registered and Corporate Office: Selenium, Tower B, Plot No- 31 and 32, Financial District,
Nanakramguda, Serilingampally, Hyderabad, Rangareddi 500 032, Telangana, India
Telephone: +91 40 6716 2222
E-mail: jswinfrastructure.ipo@kfintech.com
Investor grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: M Murali Krishna
SEBI registration number: INR000000221
JSW Infrastructure IPO Lead Manager
JM Financial Limited
Registered and Corporate Office: 7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025, Maharashtra, India
Telephone: +91 22 66303030
E-mail: jswinfra.ipo@jmfl.com
Investor grievance Email: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact person: Prachee Dhuri
SEBI registration number: INM000010361
Axis Capital Limited
Registered and Corporate Office: 1st Floor, Axis House, C-2 Wadia International
Center, Pandurang Budhkar Marg, Worli, Mumbai 400 025, Maharashtra, India
Telephone: +91 22 43252183
E-mail: jswinfra.ipo@axiscap.in
Investor grievance Email: complaints@axiscap.in
Website: www.axiscapital.co.in
Contact person: Harish Patel
SEBI registration number: INM000012029
Credit Suisse Securities (India) Private Limited
Registered and Corporate Office: 9th Floor, Ceejay House Plot F, Shiv Sagar Estate,
Dr. Annie Besant Road, Worli, Mumbai 400 018, Maharashtra, India
Telephone: +91 22 67773885
E-mail: list.jswinfrastructureipo@credit-suisse.com
Investor grievance Email: list.igcellmerbnkg@credit-suisse.com
Website: http://www.creditsuisse.com/in/en/investment-bankingapac/investment-bankingin-india/ipo.html
Contact person: Abhishek Joshi
SEBI registration number: INM000011161
DAM Capital Advisors Limited
Registered and Corporate Office: One BKC, Tower C, 15th Floor, Unit No. 1511,
Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India
Telephone: +91 22 42022500
E-mail: jswinfra.ipo@damcapital.in
Investor grievance Email: complaint@damcapital.in
Website: www.damcapital.in
Contact person: Akshay Bhandari/Gunjan Jain
SEBI registration number: MB/INM000011336
HSBC Securities and Capital Markets (India) Private Limited
Registered and Corporate Office: 52/60, Mahatma Gandhi Road, Fort,
Mumbai 400001, Maharashtra, India
Telephone: +91 22 68641289
E-mail: jswinfraipo@hsbc.co.in
Investor grievance Email: investorgrieviance@hsbc.co.in
Website: https://www.business.hsbc.co.in/engb/regulations/hsbcsecurities-and-capitalmarket
Contact person: Rishi Tiwari
SEBI registration number: INM000010353
ICICI Securities Limited
Registered and Corporate Office: ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400025, Maharashtra, India
Telephone: +91 22 68077100
E-mail: jswinfra.ipo@icicisecurities.com
Investor grievance Email: customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact person: Gaurav Mittal/Ashik Joisar
SEBI registration number: INM000011179
Kotak Mahindra Capital Company Limited
Registered and Corporate Office: 1st Floor, 27 BKC, Plot No. C-27, ‘G’ Block, Bandra
Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India
Telephone: +91 22 43360000
E-mail: jswinfra.ipo@kotak.com
Investor grievance Email: kmccredressal@kotak.com
Website: https://investmentbank.kotak.com
Contact person: Ganesh Rane
SEBI registration number: INM000008704
SBI Capital Markets Limited
Registered and Corporate Office: Unit No. 1501, 15th floor, A & B Wing, Parinee
Crescenzo Building, Plot C- 38, G Block, Bandra Kurla Complex, Bandra
(East), Mumbai- 400 051, Maharashtra, India
Telephone: +91 22 40069807
E-mail: jswinfra.ipo@sbicaps.com
Investor grievance Email: investor.relations@sbicaps.com
Website: www.sbicaps.com
Contact person: Aditya Deshpande/Janvi Talajia
SEBI registration number: INM000003531
JSW Infrastructure IPO FAQs
What is the lot size of JSW Infrastructure IPO?
The total size of JSW Infrastructure IPO is ₹2800 crores and this is a complete fresh Issue.
When will JSW Infrastructure IPO start?
JSW Infrastructure IPO will open from 25 September 2023 and IPO will close on 27 September 2023.
What is the open date of JSW Infrastructure IPO?
JSW Infrastructure IPO will open date from 25 September 2023.
What is the last date ( close date ) of JSW Infrastructure IPO?
JSW Infrastructure IPO will close from 27 September 2023.
What is the price band of JSW Infrastructure IPO?
JSW Infrastructure IPO price band is ₹113 to ₹119. ( Upper Price Band: ₹119, Lower Price Band: ₹113 )
What is the minimum amount required to apply for JSW Infrastructure IPO?
The minimum investment for retailers to apply for JSW Infrastructure IPO is ₹14,994 and the maximum investment is ₹194,922.
What is going on gray market premium of JSW Infrastructure IPO?
View gray market premium of JSW Infrastructure IPO by Clicking Here
How much is the GMP of JSW Infrastructure IPO?
Watch JSW Infrastructure IPO GMP Today: Click Here
What is the allotment date of JSW Infrastructure IPO?
The allotment date of JSW Infrastructure IPO is 3 October 2023.
How to check allotment status in JSW Infrastructure IPO?
To check the allotment status of JSW Infrastructure IPO, first of all go to the registrar website by clicking here, select your bad JSW Infrastructure IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of JSW Infrastructure IPO?
The listing date of JSW Infrastructure IPO is 6 October 2023.
How much will be the listing gain in JSW Infrastructure IPO?
View listing gain of JSW Infrastructure IPO by Clicking Here
How much time JSW Infrastructure IPO is subscribed?
Total 39.36 times subscribed in JSW Infrastructure IPO out of which 10.87 times subscription was done in retail quota, 16.83 times subscription in NII quota and 60.12 times subscription in QIB quota.
How to apply for JSW Infrastructure IPO from Upstox?
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How to apply for JSW Infrastructure IPO from Zerodha?
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How to apply for JSW Infrastructure IPO from Angle One?
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