IPO Issue Details
Issue Price / Price Band₹119 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size126 Shares per Lot
Total Issue Size23,52,94,117 shares (aggregating up to ₹2,800.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 25 Sep 2023
Subscription CloseWed, 27 Sep 2023
Anchor AllotmentFri, 22 Sep 2023
Basis of AllotmentThu, 28 Sep 2023
Initiation of RefundsThu, 28 Sep 2023
Credit of Shares to DematFri, 29 Sep 2023
Listing DateTue, 03 Oct 2023
UPI Mandate Deadline2023-09-27
Application & Investment Details
Retail — Min (1 Lots)₹14,994 — 126 shares
Retail — Max (13 Lots)₹194,922 (13 Lots)
HNI — Min (14 Lots)₹2,09,916 — 1,764 shares
EPS (Pre-IPO)₹4.12
P/E Ratio (Pre-IPO)29.67x
P/E Ratio (Post-IPO)19.38x
Post-IPO Promoter Holding2,10,00,01,568 shares
About JSW Infrastructure Ltd.
Incorporated in 2006, JSW Infrastructure Limited provides maritime-related services including, cargo handling, storage solutions and logistics services. The company develop and operates ports and port terminals under Port Concessions.JSW Infrastructure Limited is a part of the JSW Group. The company partners with JSW Group Customers (Related Parties) to pursue growth initiatives. JSW Infrastructure is the 2nd largest commercial port operator in the country in terms of cargo handling capacity in Fiscal 2022.The company currently handle various types of cargo, including dry bulk, break bulk, liquid bulk, gases and containers. The company currently handling cargo also include thermal coal, coal (other than thermal coal), iron ore, sugar, urea, steel products, rock phosphate, molasses, gypsum, barites, laterites, edible oil, LNG, LPG, and containers.JSW Infrastructure ports and port terminals typically have long concession periods ranging between 30 to 50 years, providing the company with long-term visibility of revenue streams.The company has a presence across India with Non-Major Ports located in Maharashtra and port terminals located at Major Ports across the industrial regions of Goa and Karnataka on the west coast, and Odisha and Tamil Nadu on the east coast. JSW Infrastructure's international presence includes 2 terminals at Fujairah and Dibba in the UAE.JSW Infrastructure Limited operates nine Port Concessions in India with an installed cargo handling capacity of 158.43 MTPA as of June 30, 2023. The company's installed cargo handling capacity in India has grown at a CAGR of 15.27% from March 31, 2021 to March 31, 2023.
Objects of the Issue
JSW Infrastructure Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1. 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.
2
2. 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.
3
3. 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").
4
4. General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
Not Available
Post-IPO Promoter Holding
2,10,00,01,568 shares
Lock-in Period (30%)October 28, 2023
Lock-in Period (50%)December 27, 2023