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Let’s have a detailed review of the company and analytics of the JSW Infrastructure IPO release date, IPO offer price, subscription, JSW Infrastructure Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 2
Price Band Rs 113 to Rs 119
Listing At BSE, NSE
Min. Order Quantity 126 Shares
Listing Date October 6, 2023
Offer for Sale Rs Million
Fresh Issue Rs 28,000 Million
IPO Size Rs 28,000 Million
Tick Size 1

JSW Infrastructure IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – JSW Infrastructure Share Price

JSW Infrastructure IPO – Summary

JSW Infrastructure IPOThey are the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during Fiscal 2020 to Fiscal 2022, and the second largest commercial port operator in India in terms of cargo handling capacity in Fiscal 2022.

Their operations have expanded from one Port Concession at Mormugao, Goa which was acquired by the JSW Group in 2002 and commenced operations in 2004, to nine Port Concessions as of December 31, 2022, across India, making them a diversified maritime ports company.

The Promoter of this company is SAJJAN JINDAL AND SAJJAN JINDAL FAMILY TRUST. The lead manager of the issue is JM Financial Limited, Axis Capital Limited, Credit Suisse Securities (India), DAM Capital Advisors, HSBC Securities and Capital, ICICI Securities Limited, Kotak Mahindra Capital and SBI Capital Markets and the Registrar of this issue is KFin Technologies Limited.

Check out Related IPO Links:

JSW Infrastructure IPO Allotment
JSW Infrastructure IPO GMP
LIVE Subscription – JSW Infrastructure IPO

JSW Infrastructure IPO Date

The opening and closing dates of the JSW Infrastructure IPO are September 25, 2023 and September 27, 2023, respectively.

JSW Infrastructure IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – 25th Sep 0.03x 0.63x 1.50x 0.46x
2nd Day -26th Sep 0.58x 3.90x 4.81x 2.25x
3rd Day – 27th Sep 60.12x 16.83x 10.87x 39.36x
Shares Offered or Net Issue 70,588,236 35,294,118 23,529,411 235,294,117

The shares subscribed by the public will be updated here.

JSW Infrastructure IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares is pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

JSW Infrastructure Limited IPO Listing Date

Find the dates below on the basis of allotment, refund, listing, and more:

Basis of Allotment Finalization October 3, 2023
Refunds Initiation October 4, 2023
Credit of Shares to Demat Account October 5, 2023
Share Listing Date October 6, 2023

JSW Infrastructure IPO Price Band

The face value of each share is Rs.2, but the price band of the IPO is Rs 113 to Rs 119 

JSW Infrastructure IPO Equity Size

This Initial Public Issue of 235,294,118 Equity Shares of Rs.2 each for cash at a price of Rs 113 to Rs 119 per equity share aggregating to Rs.28,000 Million.

JSW Infrastructure IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 235,294,118 Equity Shares of Rs.2/ each.

Issue Size: 235,294,118 Equity Shares of Rs.2 each, aggregating to Rs.28,000 Million

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    JSW Infrastructure IPO – Live Performance

    The listing date of this IPO is October 6, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – JSW Infrastructure Share Price

    JSW Infrastructure IPO Grey Market Premium

    The JSW Infrastructure Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    JSW Infrastructure IPO – Company Overview

    They provide maritime-related services including, cargo handling, storage solutions, logistics services and other value-added services to their customers, and are evolving into an end-to-end logistics solution provider. They develop and operate ports and port terminals pursuant to Port Concessions.

    Their ports and port terminals typically have long concession periods ranging between 30 to 50 years, providing them with long-term visibility of revenue streams.

    As of December 31, 2022, the capacity-weighted average balance concession period of their operational ports and terminals is approximately 25 years with Jaigarh Port, one of their largest assets, having a balance concession period of 35 years.

    JSW Infrastructure IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-Jun-23 30-Jun-22 31-Mar-23 31-Mar-22 Mar-21
    Total Assets 96,315.73 96,518.91 94,506.57
    *Total Revenue 9,182.39 8,611.20 33,728.53
    Total Expense 5,057.47 6,202.24 25,618.61
    Profit After Tax 3,222.04 1,925.51 7,495.13

    Earnings per Equity Share (in Million)

    30-Jun-23 30-Jun-22 31-Mar-23 31-Mar-22 Mar-21
    Basic  1.78 1.06 4.12 1.82 1.62
    Diluted 1.73 1.05 4.01 1.81 1.62

    Further, their PAT for the period ended on Jun 30, 2023, March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 3,222.04 Million, Rs. 7,495.13 Million, Rs. 3,304.37 Million and Rs. 2,846.24 Million respectively.

    JSW Infrastructure IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Sajjan Jindal, Chairman and Non-Executive Director
    • Nirmal Kumar Jain, Vice Chairman and Independent Director
    • Arun Sitaram Maheshwari, Joint Managing Director and Chief Executive Officer
    • Lalit Chandanmal Singhvi, Whole Time Director and Chief Financial Officer
    • Kantilal Narandas Patel, Non-Executive Director

    JSW Infrastructure IPO – Promoters Holding

    • Pre-Issue Share Holding – 96.42%
    • Post-Issue Share Holding – %

    JSW Infrastructure IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to X Equity Shares aggregating up to Rs.28,000 Million
    of which:
    Issue Reserved for the Market Makers Up to [●] Equity Shares aggregating up to Rs.[●]
    Net Issue to the Public Up to [●] Equity Shares aggregating up to Rs.[●]
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual Investors Not more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue 1,864,707,450 Equity Shares
     Equity Shares outstanding after the Issue X Equity Shares

    JSW Infrastructure IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Investment in their wholly-owned Subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Limited, for prepayment or repayment, in full or part, of all or a portion of certain of their outstanding borrowings;
    2. Investment in their wholly-owned subsidiary, JSW Jaigarh Port Limited, for financing its capital expenditure requirements 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. Investment in their wholly-owned subsidiary, JSW Mangalore Container Terminal Private Limited, for financing its capital expenditure requirements in relation to proposed expansion at Mangalore Container Terminal (“Mangalore Container Project”); and
    4. General corporate purposes.

    JSW Infrastructure IPO – Business Strategy

    • Continue to pursue greenfield and brownfield expansions with a focus on Non-Major Ports
    • Pursue acquisition opportunities in similar businesses
    • Pursue opportunities in synergistic businesses to increase revenue diversification
    • Increasing their third-party customer base

    JSW Infrastructure IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Fastest growing port-related infrastructure and second largest commercial port operator in India;
    • Strategically located assets at close proximity to Anchor Customers and industrial clusterssupported by a multi-modal evacuation infrastructure;
    • Predictable revenues were 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 the strong corporate lineage of the JSW Group and a qualified and experienced management team; and
    • Strong financial metrics with a growing margin profile, return metrics and growth

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 4.12 18.80 21.88

    JSW Infrastructure IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Millions)
    JSW Infrastructure Limited 2 [●]
    Listed Peers
    Adani Ports and SEZ Limited

    JSW Infrastructure IPO Lead Managers

    Lead Managers
    JM Financial Limited
    Axis Capital Limited
    Credit Suisse Securities (India)
    DAM Capital Advisors
    HSBC Securities and Capital
    ICICI Securities Limited
    Kotak Mahindra Capital
    SBI Capital Markets

    JSW Infrastructure IPO Registrar to offer

    Registrar to the Offer
    KFin Technologies Limited
    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 – Other Details

    • Statutory Auditor – Shah Gupta & Co., Chartered Accountants
    • Legal Counsel to the Company Khaitan & Co
    • Bankers to the Company – ICICI Bank Limited

    JSW Infrastructure IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      JSW Infrastructure Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      JSW Infrastructure IPO Review FAQs

      Check out various FAQs related to JSW Infrastructure IPO:

      What is the Issue Size of JSW Infrastructure IPO?

      The Company is making an initial public offer of 235,294,118 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of the JSW Infrastructure IPO?

      The price band for this particular IPO ranges between Rs 113 to Rs 119. As far as the face value of the share is concerned, it is Rs. 2 per share.

      What is the JSW Infrastructure IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on September 25, 2023, while the closing date is set at September 27, 2023.

      What is the JSW Infrastructure IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on October 3, 2023, refund initiation is on October 4, 2023, credit of shares is on October 5, 2023, and share listing date is on October 6, 2023.

      What is the JSW Infrastructure IPO Listing Date?

      Shares of this company shall be listed in the exchanges on October 6, 2023. The date, when the listing would be done, is stagnant on October 6, 2023.

      Who is the Registrar of JSW Infrastructure IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of JSW Infrastructure IPO?

      Here are the promoters of this IPO – SAJJAN JINDAL AND SAJJAN JINDAL FAMILY TRUST. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of JSW Infrastructure IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is JSW Infrastructure IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of JSW Infrastructure Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 7,495.13, 2022 is 3,304.37, and 2021 is 2,846.24. PAT from Jun 2023 is 3,222.04.

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