If you’ve been considering dipping your toes into the Initial Public Offering (IPO) pool, here’s some news for you: JSW Infrastructure Limited, a subsidiary of the Jindal Group, is launching its IPO on September 25, 2023. Investors will be able to bid for the shares until September 27, 2023. The company has set a price band of ₹113 to ₹119 per share. Under the leadership of Sajjan Jindal, JSW Infrastructure aims to raise ₹2800 crores through this IPO. Notably, the company is a significant port operator in India.
Second Largest Port Operator
In terms of cargo-handling capacity, JSW Infrastructure is the second-largest port operator in India. The company’s cargo-handling capacity, which spans dry bulk, break bulk, liquid bulk, gas, and container, stood at 158.43 million tonnes per annum. It’s worth noting that the company has seen a 40% increase in cargo volume since the fiscal year 2020.
A Milestone after 13 Years
This IPO marks a significant occasion for the Jindal Group as it’s their first in 13 years. Their previous listing was JSW Energy Limited in January 2010. This will be the group’s third company to go public. The Jindal Group, led by Sajjan Jindal, also operates businesses in cement, paint, venture capital, and sports.
Operation Since 2004
The book-running lead managers for this IPO include a list of renowned firms such as JM Financial Limited, Axis Capital Limited, Credit Suisse Securities (India) Pvt Ltd, DAM Capital Advisors Ltd, and others. JSW Infrastructure commenced its operations in 2004.
| Parameter | Details |
|---|---|
| IPO Date | September 25, 2023 |
| Last Date for Bidding | September 27, 2023 |
| Price Band | ₹113 to ₹119 |
| Fundraising Target | ₹2800 crores |
| Lead Managers | JM Financial, Axis Capital, Credit Suisse, etc. |
| Operational Since | 2004 |
| Cargo Handling Capacity | 158.43 million tonnes per annum |
With the IPO around the corner, this offers a golden opportunity for investors to partake in the growth of one of India’s leading port operators.
