JSW Infrastructure, incorporated on April 21, 2006, is the fastest-growing port-related infrastructure company in India for the period FY21 to FY23. It ranks as the country's second-largest commercial port operator based on cargo handling capacity in FY23
| Bidding Dates |
|---|
| 25 Sep 2023 - 27 Sep 2023 |
| Subscription |
|---|
| 37.37x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,994 | 1 | 13 | 126 | 235.3 M | ₹113 - ₹119 | 88.8 % | ₹26588.2 M - ₹28000.0 M | RHP DOC |
JSW Infrastructure IPO SUBSCRIPTION STATUS
27 Sep '23JSW Infrastructure IPO overall subscription rate was 37.37 times the total available shares
JSW Infrastructure IPO retail subscription rate was 10.31 times in the retail segment
JSW Infrastructure IPO non-institutional investor subscription rate was 15.99 times in the non-institutional investor category
JSW Infrastructure IPO Qualified Institutional Bidder subscription rate was 57.09 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
27 Sep 2023 (Day 3) | 10.31x | 15.99x | 57.09x |
26 Sep 2023 (Day 2) | 4.52x | 3.7x | 0.55x |
25 Sep 2023 (Day 1) | 1.38x | 0.6x | 0.03x |
JSW Infrastructure FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY24 | 3,222.0 | 8,781.0 | 3,644.6 | 3,068.3 | 53.5% |
| Q1FY23 | 1,925.5 | 8,197.0 | 3,926.8 | 2,885.2 | 54.9% |
| FY23 | 7,495.1 | 31,947.4 | 17,972.3 | 15,281.8 | 53.3% |
| FY22 | 3,304.4 | 22,730.6 | 11,762.3 | 6,694.3 | 51.1% |
| FY21 | 2,846.2 | 16,035.7 | 9,901.9 | -6,023.5 | 53.1% |
JSW Infrastructure IPO SUBSCRIPTION STATUS DETAILS
JSW Infrastructure had 235.3 M shares on offer
JSW Infrastructure IPO offer price was in the range ₹113 - ₹119
JSW Infrastructure IPO minimum Investment was ₹14994
JSW Infrastructure IPO issue size was ₹ 26588.2 M - ₹ 28000.0 M
JSW Infrastructure had a minimum lot size of 126 Shares per application
JSW Infrastructure NUMBER OF SHARES ON OFFER
JSW Infrastructure IPO IMPORTANT DATES
| Issue Open Date | 25 Sep 2023 |
| Issue close Date | 27 Sep 2023 |
| Allotment Date | 29 Sep 2023 |
| Refund Date | 29 Sep 2023 |
| Demat Account Credit Date | 03 Oct 2023 |
| Listing Date | 03 Oct 2023 |
| Listing on Exchange(s) | NSE and BSE |
| JSW Infrastructure Allotment Status | Exchange |
JSW Infrastructure IPO subscription opened on 25 Sep 2023, and closed on 27 Sep 2023
IPO allotment for JSW Infrastructure was finalized on Friday, 29 Sep 2023
IPO listing for JSW Infrastructure was on NSE and BSE on Tuesday, 03 Oct 2023
JSW Infrastructure IPO LISTING GAINS
| Issue Price (adjusted) | 119.0 |
| Listing Open Price | 143.0 |
| Listing Close Price | 157.3 |
| Listing Gain% | 20.2% |
| Current Gain% | 187.7% |
JSW Infrastructure Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JSW Infrastructure Ltd. | 342.4 | 71893.6 | 53.7 | -7.8 | 14.3 | 14 | 7.5 | 5707.4 | 18.2 | 1523.3 | 1.3 | 6.4 | -6.9 |
| Adani Ports & Special Economic Zone Ltd. | 1680 | 362903.3 | 27.7 | 1.7 | 9 | 13.3 | 6.9 | 40854.4 | 26.2 | 12806.2 | 15.5 | 60.7 | 16.1 |
| Cochin Shipyard Ltd. | 1512.6 | 39793.6 | 55.5 | -4.1 | 7.9 | 12.2 | 4.9 | 5431.7 | 4.3 | 716.7 | -13.4 | 27.2 | -13.4 |
| Aegis Vopak Terminals Ltd. | 280.8 | 31106.9 | 124.3 | 1.8 | 36.1 | 7.2 | 3.7 | 960.5 | 48.4 | 310.5 | 144 | 2.3 | 67.7 |
| Gujarat Pipavav Port Ltd. | 150.3 | 7267.6 | 14.1 | 0.5 | 6.3 | 21.6 | 17 | 1231.7 | 15.2 | 515.2 | 29.8 | 10.7 | 29.8 |
| Knowledge Marine & Engineering Works Ltd. | 2567.4 | 6512 | 82.3 | 1.4 | 25.4 | 13.8 | 9.6 | 271.9 | 32 | 78.8 | 58.9 | 31.2 | 57.2 |
JSW Infrastructure IPO Reports
JSW Infrastructure INFORMATION ON IPO ISSUE
About JSW Infrastructure
JSW Infrastructure, incorporated on April 21, 2006, is the fastest-growing port-related infrastructure company in India for the period FY21 to FY23. It ranks as the country's second-largest commercial port operator based on cargo handling capacity in FY23
Object of the Issue
- Prepayment or repayment, in full or part, of all or a portion of certain outstanding borrowings through investment in the wholly owned subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Limited
- Financing capital expenditure requirements through investment in the wholly owned subsidiary, JSW Jaigarh Port Limited, for proposed expansion/upgradation works at Jaigarh Port i.e., i) expansion of LPG terminal; ii) setting up an electric sub-station; and iii) purchase and installation of dredger
- Financing capital expenditure requirements through investment in the wholly owned subsidiary, JSW Mangalore Container Terminal Private Limited, for the proposed expansion at Mangalore Container Terminal
- General corporate purposes
JSW Infrastructure - PROMOTERS
| Name |
|---|
| Sajjan Jindal Family Trust |
| Sajjan Jindal |
JSW Infrastructure Book Running Lead Manager
JM Financial Limited
jswinfra.ipo@jmfl.com
Axis Capital Limited
jswinfra.ipo@axiscap.in
DAM Capital Advisors Limited
jswinfra.ipo@damcapital.in
HSBC Securities and Capital Markets (India) Private Limited
jswinfraipo@hsbc.co.in
Kotak Mahindra Capital Company Limited
jswinfra.ipo@kotak.com
SBI Capital Markets Limited
jswinfra.ipo@sbicaps.com
JSW Infrastructure Book Running Lead Managers
Credit Suisse Securities (India) Private Limited
list.jswinfrastructureipo@credit-suisse.com
ICICI Securities Limited
jswinfra.ipo@icicisecurities.com
JSW Infrastructure Registrar to the Offer
KFinTechnologies Private Limited
jswinfrastructure.ipo@kfintech.com
JSW Infrastructure Strengths
Growth and scale
It is the fastest-growing port-related infrastructure company and the second-largest commercial port operator in India
Strategically located assets
The company's assets are strategically located near JSW Group customers and industrial clusters, bolstered by a multi-modal evacuation infrastructure
Predictable revenues
The company enjoys predictable revenues due to long-term concessions, committed long-term cargo, and stable tariffs from diversified operations across cargo types, locations, and assets. It also boasts strong financial metrics, including growing profit margins, return metrics, and overall growth
JSW Infrastructure Risks
Incurred losses
The company and some of its subsidiaries have experienced losses in the past. Future losses could negatively impact the business
Substantial indebtedness
The company has significant debt, requiring substantial cash flow for servicing it. This limits operational freedom, and any violation of financing terms could harm the business
Outstanding legal proceedings
There are ongoing legal cases against the company, its subsidiaries, and key personnel. Losing these cases could negatively impact the business
IPO FAQs
The promoters of the company are Sajjan Jindal Family Trust and Sajjan Jindal.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 113.0 - 119.0.
The IPO application opens on Sep 25, 2023 and closes on Sep 27, 2023.
The minimum lot size for the IPO is 126. The maximum lot size for the IPO is 1638.
For all category investors, the minimum application amount for this IPO is Rs. 14,994.0, the maximum value for this IPO is Rs 194,922.0.
This IPO will be allotted on Sep 29, 2023.
The refund will be credited to your account on Sep 29, 2023.
The allotted shares will be credited to your demat on Oct 03, 2023.
JSW Infrastructure Ltd.’s shares listed on the stock exchanges on Oct 03, 2023.