JSW Infrastructure Limited IPO is set to launch on 25 September, 2023. The company initiated its business operations in the year 2006. It provides maritime services like cargo handling, logistics services and storage solutions. JSW Infrastructure also operates and develops port terminals and ports under port concessions.
The company is the second largest port operator if we compare through the cargo handling capacity. The company has been able to handle different kinds of cargo like break bulk, dry bulk, gases, containers and liquid bulk as well. It also handles coal, thermal coal, LNG, edible oil, LPG etc. The port concessions are for long term, with JSW infrastructure between 30 to 50 years allowing it for a long time of revenue flow. It also has 2 international terminals in Dibba and Fujairah. Its installed capacity is 158.43 MTPA.
JSW Infrastructure Limited IPO DETAILS
JSW Infrastructure Limited IPO is set to launch on 25 September, 2023. The subscription timeline extends till 27 September, 2023. The size for the IPO is 2800 Crore Rs. Shares issued through fresh issue mode are worth 2800 Crore Rs. No shares are issued through offer for sale mode. The lot size is 126 shares and the price is 113 to 119 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.2 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.
Tabular Description of JSW Infrastructure Limited IPO
| IPO OPENING DATE | 25 September, 2023 |
| CLOSING DATE FOR IPO | 27 September, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 2 Rs. per share |
| IPO price band | 113 Rs. to 119 Rs. per share |
| LOT SIZE | 126 shares |
| MINIMUM ORDER QUANTITY | 126 shares |
| ISSUE SIZE | 2800 Crore Rs. |
| OFFER FOR SALE | No shares issued through offer for sale mode |
| FRESH ISSUE | 2800 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 6 October, 2023 |
JSW Infrastructure Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 25 September, 2023 |
| CLOSING DATE FOR IPO | 27 September, 2023 |
| IPO ALLOTMENT DATE | 3 October, 2023 |
| REFUNDS | 4 October, 2023 |
| DEMAT A/C CREDITED ON | 5 October, 2023 |
| IPO LISTING DATE | 6 October, 2023 |
JSW Infrastructure Limited IPO begins for subscription from 25 September 2023. The IPO subscription would continue till 27 September, 2023. The allotment status for the shareholders who applied would come on 3 October, 2023. The refunds for the ones who did not get allotment would be initiated on 4 October, 2023. The DEMAT accounts of shareholders would be credited on 5 October, 2023. The listing of the company would be completed on 6 October, 2023.
JSW Infrastructure Limited IPO : Lead Managers
The lead managers are :
- Axis Capital Limited
- JM Financial Limited
- DAM Capital Advisors Limited
- Credit Suisse Securities India Private Limited
- ICICI Securities Limited
- HSBC Securities and Capital Markets Private Limited’
- SBI Capital Markets Limited
- Kotak Mahindra Capital Company Limited
The minimum lot size for the company is decided at 126 shares. This holding accounts to 14994 Rs.. The maximum lot size is decided at 1638 shares. This amounts to 194922 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 126 shares | 14994 Rs. |
| Maximum | 1638 shares | 194922 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The money will be used for expansion purposes into the subsidiaries of the company.
- The company wants to pay the outstanding through the IPO Money.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 8254 | 9429 | 9450 |
| Revenue | 1678 | 2378 | 3372 |
| PAT | 284 | 330 | 749 |
JSW Infrastructure Limited had an asset base of 8254 Crore Rs in the year 2021 which increased to 9429 Crore Rs in 2022 and 9450 Crore Rs in 2023. The revenue of the firm was 1678 Crore Rs in 2021, 2378 Crore Rs in 2022 and 3372 Crore Rs in the year 2023. The profit of the firm is 284 Crore Rs in the year 2021, 330 Crore Rs in 2022 and 749 Crore Rs in 2023.
PROS
- The company is the second largest port operator if we compare through the cargo handling capacity.
- The company has been able to handle different kinds of cargo like break bulk, dry bulk, gases, containers and liquid bulk as well. It also handles coal, thermal coal, LNG, edible oil, LPG etc.
- The port concessions are for long term, with JSW infrastructure between 30 to 50 years allowing it for a long time of revenue flow. It also has 2 international terminals in Dibba and Fujairah. Its installed capacity is 158.43 MTPA.
CONS
- The company works in a highly competitive segment.
JSW Infrastructure Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the JSW Infrastructure Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
