JSW Infrastructure's Rs 2,800 Cr IPO Set for Public Subscription

15 Sep 2023 CW Team

This news highlights JSW Infrastructure's upcoming Rs 2,800 crore initial public offering, marking JSW Group's first public listing in nearly 13 years. The company aims to use the IPO proceeds to partially retire existing debt and fund future expansion projects. In FY23, JSW Infrastructure reported a revenue of Rs 3,195 crore and a net profit of Rs 750 crore. It became India's second-largest commercial port operator by cargo handling capacity, with a total capacity of 158.43 million tonnes per annum.

The IPO is supported by bankers like JM Financial, Axis Capital, Credit Suisse Securities, DAM Capital Advisors, HSBC Securities, ICICI Securities, Kotak Mahindra Capital, and SBI Capital. JSW Infrastructure's business operations have expanded significantly, with nine Port Concessions across India's coasts and operations in the UAE.

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