May 11, 2023
By: BI India BureauSajjan Jindal led JSW Infrastructure has filed a draft red herring prospectus (DRHP) with the market regulator to raise ₹2,800 crore via a public offering.
Credit: JSW-Infrastructure
Reports say that the company will use the IPO proceeds to pay off debt and fund capacity expansion. As of 31 December 2022, JSW Infrastructure had a net debt of ₹2,875 crore.
Credit: BCCL
This will be the third JSW group company to list on exchanges after JSW Steel and JSW Energy. The group will see a public listing after 13 years as JSW Energy was listed in 2010.
Credit: BCCL
JSW Infrastructure is engaged in developing airports, shipyards, townships, roads and rail connectivity, inland waterways, water treatment plants, special economic zones and more.
Credit: JSW-Infrastructure
Gautam Adani led Adani Ports & SEZ would be JSW Infrastructure’s listed peer. Both the companies are ports operators.
Credit: Adani-Ports-SEZ
JSW Infrastructure is the second largest commercial port operator in the country in terms of cargo handling capacity in FY22, after Adani Ports. It had one one port concession at Mormugao 2002, but has now expanded to nine port concessions.
Credit: JSW-Infrastructure
As of December 31, 2022, JSW Infrastructure has an installed cargo handling capacity of 153.43 million tonnes per annum for multi-commodity cargo, including dry bulk, break bulk, liquid bulk, gasses and containers.
Credit: JSW-Infrastructure