JSW Infrastructure IPO with SEBI:
The Securities and Exchange Board of India (Sebi) has received a draught red herring prospectus from JSW Infrastructure Ltd, a JSW Group affiliate, in order to raise about Rs 2,800 crore through an initial public offering (IPO) of new equity shares. A pure fresh issuance will make up the whole IPO.
The business intends to spend Rs 880 crore of the entire earnings in JSW Dharamtar Port Pvt Ltd and JSW Jaigarh Port Ltd to help them pay off their debts. JSW Dharamtar Port owes a total of Rs. 4303.90 crore as of December 2022.
To finance its capital expenditure needs for the anticipated expansion and renovation, JSW Infrastructure plans to invest a portion of the revenues in JSW Jaigarh Port Ltd. Specifically, Rs. 868.03 crore, Rs. 59.40 crore, and Rs. 102.58 crore would be allotted for the LPG Terminal project, an electric sub-station, and a dredger, respectively.
Additionally, in order to finance its need for capital expenditures, the business intends to invest Rs 151.63 crore in JSW Mangalore Container Terminal Pvt Ltd, a subsidiary.
JM Financial, Axis Capital, Credit Suisse, Dam Capital Advisors, HSBC, ICICI Securities, Kotak Mahindra Capital, and SBI Capital Markets will be in charge of managing the IPO.
Among the many marine services that JSW Infrastructure provides to its customers are cargo handling, storage options, logistics services, and other value-added services. In order to fulfil its goal of becoming a full logistics solutions provider, the firm constructs and operates ports and port terminals under port concession agreements. The normal length of these concessions is between 30 and 50 years, giving the business a long-term view on revenue sources.
JSW Infrastructure managed nine port concessions in India as of December 2022, with a cargo handling capacity of 153.43 MTA and a cargo volume of 61.96 MMT. The company’s net debt was Rs 2875.31 crore as of December 2022, while operational cash flow was Rs 1095.27 crore.
The operating revenue for FY22 was Rs 2273.06 crore, up from Rs 1603.57 crore the year before, while the net profit for the year was Rs 330.44 crore, up from Rs 284.62 crore the year before. EBITDA margin was 51.08 percent for the year, down from 53.10 percent the year before.
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JSW Infrastructure is a member of the JSW Group, a global corporation with extensive holdings in a number of industries, including venture capital, sports, cement, energy, infrastructure, and steel. JSW Infrastructure, a member of the JSW Group, profited from receiving first cargo from its Anchor Customers, which sped up the ramp-up of its assets and enhanced capacity utilisation.
The firm forecasts that it will continue to gain from the expansion of other JSW Group businesses. JSW Energy wants to reach up to 10 GW in fiscal 2025 from 4.8 GW in fiscal 2023, while JSW Steel wants to raise its installed capacity from 27.7 MTPA in fiscal 2023 to up to 37.00 MTPA in fiscal 2025. JSW Infrastructure anticipates that these additions will support the increase of cargo volumes throughout its existing assets and lay the groundwork for further expansion at other sites.
About JSW Infrastructure:
JSW Infrastructure, established in 1999, is a top-tier private sector infrastructure company in India, with over 1200 skilled employees. The company values transparency, excellence, and dynamism, as evidenced by its proven track record of operational efficiencies. In line with its commitment to the nation, JSW Infrastructure is dedicated to building world-class infrastructure, including airports, shipyards, townships, roads and rail connectivity, inland waterways, water treatment plants, special economic zones, and other infrastructural facilities. Currently, the company’s port vertical manages eco-friendly seaports and terminals in Maharashtra and Goa, offering customers mechanized and multi-cargo handling capabilities. Furthermore, these ports are easily accessible via rail and road connections to the industrial hinterlands of Maharashtra, Goa, and Karnataka.
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