JSW Infrastructure’s ₹2,800 Crore IPO to Open for Subscription on September 25

JSW Infrastructure IPO

JSW Infrastructure is set to launch its initial public offering (IPO) with a subscription period from September 25 to September 27. The anchor book for the IPO will open on September 22. 

This announcement follows JSW Infrastructure receiving approval from the Securities and Exchange Board of India (SEBI) for its ₹2,800 crore IPO, which aims to retire debt and fund expansion plans.

🚨New IPO ALert🚨

JSW Infrastructure Limited file RHP with SEBI on 13-Sep-2023@thejswgroup#IPO #IPOKing #IPOAlert #IPOTracker #JSWInfraIPO pic.twitter.com/J77dCF0UAH

— IPO King (@ipo_in) September 13, 2023

IPO Details

• The IPO comprises a fresh issue by JSW Infrastructure and does not include an offer-for-sale component.
• The price band for the IPO will be revealed in the coming days.
• The basis of allotment for IPO shares will be finalized on October 3.
• Shares will be credited to eligible allottees’ demat accounts by October 5.
• Refunds or unblocking of funds from ASBA accounts will be initiated by October 4.
• JSW Infrastructure shares are slated to be listed on the BSE and the National Stock Exchange on October 6.

Lead Managers

The book-running lead managers for the JSW Infrastructure IPO include:

• 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.
• SBI Capital Markets Ltd.

JSW Infrastructure’s Background

JSW Infrastructure is a part of the $23 billion JSW Group. Also, it is India’s second-largest port operator in terms of cargo handling capacity. The cargo handling capacity is 153.43 million tonnes per annum. The capacity allows for different types of cargo, including dry bulk, break bulk, liquid bulk, gases, and containers.

This IPO marks the third public listing from the Sajjan Jindal-led JSW Group, with the last one being JSW Energy Ltd’s IPO in January 2010.

JSW Infrastructure’s upcoming IPO represents a significant financial move for the company as it seeks to retire debt and fund expansion plans. With a strong presence in India’s port operations, the IPO is expected to garner significant interest from investors looking to participate in the country’s infrastructure development.