JSW Infrastructure IPO GMP Details
JSW Infrastructure Limited, Incorporated in 2006, provides maritime-related services, including cargo handling, storage solutions, and logistics services. The company develops and operates ports and port terminals under Port Concessions. JSW Infrastructure Limited is a part of the JSW Group and collaborates with JSW Group Customers (Related Parties) to pursue growth initiatives. In Fiscal 2022, JSW Infrastructure became the country’s second-largest commercial port operator in terms of cargo handling capacity.
The company handles various types of cargo, including dry bulk, break bulk, liquid bulk, gases, and containers. Some of the cargo it deals with includes thermal coal, non-thermal coal, iron ore, sugar, urea, steel products, rock phosphate, molasses, gypsum, barites, laterites, edible oil, LNG, LPG, and containers.
JSW Infrastructure’s ports and port terminals typically hold long concession periods, ranging from 30 to 50 years, providing the company with long-term revenue visibility.
The company has a nationwide presence, with Non-Major Ports located in Maharashtra and port terminals in Major Ports across industrial regions in Goa and Karnataka on the west coast, and Odisha and Tamil Nadu on the east coast. JSW Infrastructure also operates two terminals in Fujairah and Dibba, UAE, showcasing its international footprint.
As of June 30, 2023, JSW Infrastructure Limited operates nine Port Concessions in India, with an installed cargo handling capacity of 158.43 MTPA. The company’s installed cargo handling capacity in India has shown steady growth, with a CAGR of 15.27% from March 31, 2021, to March 31, 2023.
JSW Infrastructure Limited
Bidding Starts
Bidding Ends
Allotment Date*
Listing Date
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
Objects of the Issue
The company intends to utilize the net proceeds from the issue for the following purposes:
- Prepayment or repayment, either in full or in part, of certain outstanding borrowings, achieved through investment in the wholly owned Subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Limited.
- Financing capital expenditure requirements by investing in the wholly owned subsidiary, JSW Jaigarh Port Limited, for the proposed expansion/upgradation works at Jaigarh Port, which includes:
i) Expanding the LPG terminal (“LPG Terminal Project”).
ii) Establishing an electric sub-station.
iii) Purchasing and installing a dredger. - Financing capital expenditure requirements through investment in the wholly owned subsidiary, JSW Mangalore Container Terminal Private Limited, for the proposed expansion of the Mangalore Container Terminal (“Mangalore Container Project”).
- General corporate purposes.
JSW Infrastructure IPO Details
JSW Infrastructure IPO is categorized as a Book Built Issue with a total issue size of ₹2,800.00 Crores. The price range for the JSW Infrastructure IPO shares is currently undisclosed. The shares are planned to be listed on both BSE and NSE.
| IPO Date | September 25, 2023 to September 27, 2023 |
| Listing Date | October 6, 2023 |
| Face Value | ₹2 per share |
| Price | ₹113 to ₹119 per share |
| Lot Size | 126 Shares |
| Total Issue Size | 235,294,118 shares (aggregating up to ₹2,800.00 Cr) |
| Fresh Issue | 235,294,118 shares (aggregating up to ₹2,800.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 1,864,707,450 |
| Share holding post issue | 2,100,001,568 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
JSW Infrastructure IPO Reservation
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
JSW Infrastructure IPO Lot Size
Investors can bid for a minimum of 126 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 126 | ₹14,994 |
| Retail (Max) | 13 | 1638 | ₹194,922 |
| S-HNI (Min) | 14 | 1,764 | ₹209,916 |
| S-HNI (Max) | 66 | 8,316 | ₹989,604 |
| B-HNI (Min) | 67 | 8,442 | ₹1,004,598 |
JSW Infrastructure IPO Dates
JSW Infrastructure IPO opens on September 25, 2023, and closes on September 27, 2023.
| IPO Open Date | Monday, September 25, 2023 |
| IPO Close Date | Wednesday, September 27, 2023 |
| Basis of Allotment | Tuesday, October 3, 2023 |
| Initiation of Refunds | Wednesday, October 4, 2023 |
| Credit of Shares to Demat | Thursday, October 5, 2023 |
| Listing Date | Friday, October 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2023 |
JSW Infrastructure Limited Financial Report
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 7,191.85 | 8,254.55 | 9,429.46 | 9,450.66 |
| Revenue | 1,237.37 | 1,678.26 | 2,378.74 | 3,372.85 |
| Profit After Tax | 196.53 | 284.62 | 330.44 | 749.51 |
| Net Worth | 2,488.23 | 2,831.18 | 3,212.13 | 3,934.64 |
| Reserves and Surplus | 2,486.53 | 2,829.84 | 3,208.98 | 3,645.75 |
| Total Borrowing | 3,102.57 | 3,945.82 | 4,408.69 | 4,243.70 |
Key Performance Indicator of JSW Infrastructure Ltd
| KPI | Values |
|---|---|
| EPS (Rs) | 4.12 |
| RoNW | 18.80% |
JSW Infrastructure IPO Promoter Holding
Mr. Sajjan Jindal and Sajjan Jindal Family Trust are the promoters of the company.
| Pre Issue Share Holding | 96.42% |
| Post Issue Share Holding | – |
JSW Infrastructure IPO Key Points
Strengths and Opportunities:
- Diversified operations in terms of cargo profile, geography, and assets.
- Revenue, EBITDA, and net profit have grown at a CAGR of 41%, 30%, and 29%, respectively, between FY20 to FY22.
- Strategically located ports in close proximity to clients, leading to repeat orders.
- Sticky cargo from existing clients accounted for 69.4% of the total cargo volume in 9MFY23.
- Predictable revenues with long-term concessions, committed long-term cargo, and stable tariffs.
- Benefits from the reputation of the JSW Group and a qualified management team.
Risks and Threats:
- Reliance on government and quasi-governmental organisations for concession and licence agreements.
- Revenue risk from dependency on top five clients contributing to 55.8% of 9MFY22 revenue.
- Net debt of ₹2,875 crore as of December 31, 2022, making the company sensitive to interest rate changes.
- A substantial portion of cargo handled comprises coking coal, iron ore, and thermal coal, making it vulnerable to changes in demand.
- Capacity utilisation of 55.5% as of 9MFY22, posing challenges if unable to maintain or increase current capacity utilisation.
JSW Infrastructure Contact Information
JSW Infrastructure Limited
JSW Centre, Bandra Kurla Complex Bandra (East),
Mumbai – 400 051
Phone: +91 22 4286 1000
Email: infra.secretarial@jsw.in
Website: https://www.jsw.in/infrastructure
JSW Infrastructure IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jswinfrastructure.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
JSW Infrastructure IPO FAQs
What is JSW Infrastructure IPO?
JSW Infrastructure IPO comprises 235,294,118 equity shares with a face value of ₹2 each, totaling ₹2,800.00 Crores. The IPO price range is ₹113 to ₹119 per share, and the minimum order quantity is 126 shares. The IPO subscription window is from September 25, 2023, to September 27, 2023.
Kfin Technologies Limited is the appointed registrar for this IPO, and the shares are intended to be listed on both the BSE and NSE.
How can I apply for JSW Infrastructure IPO through Zerodha?
Zerodha clients can apply for the JSW Infrastructure IPO online using the UPI payment gateway. To apply, log in to Zerodha Console (back office), and complete the IPO application form by following these steps:
1. Visit the Zerodha website and access Console.
2. Navigate to the Portfolio section and click on the IPOs link.
3. Locate the ‘JSW Infrastructure IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, specify the quantity, and input your desired price.
5. Click ‘Submit’ to submit the IPO application form.
6. Visit your UPI App (net banking or BHIM) to approve the mandate.
When does the JSW Infrastructure IPO subscription open and close?
The JSW Infrastructure IPO opens on September 25, 2023, and closes on September 27, 2023.
What is the lot size for JSW Infrastructure IPO?
The lot size for the JSW Infrastructure IPO is 126 shares, with a minimum required investment of ₹14,994.
How can I apply for the JSW Infrastructure IPO?
You can apply for the JSW Infrastructure IPO online, choosing either the UPI or ASBA payment method. ASBA IPO applications are accessible through your bank’s net banking services, while UPI IPO applications are offered by brokers who do not provide banking services. For further details on applying for the IPO, please read the application process through platforms such as Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the JSW Infrastructure IPO allotment be finalized?
The Basis of Allotment for the JSW Infrastructure IPO is set to be finalized on Tuesday, October 3, 2023. Following the allotment process, the allocated shares will be credited to your demat account by Thursday, October 5, 2023. You can check the JSW Infrastructure IPO allotment status.
When is the JSW Infrastructure IPO listing date?
The specific listing date for the JSW Infrastructure IPO has not yet been announced. However, the tentative listing date is scheduled for Friday, October 6, 2023.
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