JSW Infrastructure to come out with ₹2,800 crore IPO; third group company to go public

May 11, 2023

By: BI India Bureau

JSW Infrastructure IPO

​Sajjan 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

IPO money to pay debt

​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

Third IPO for JSW Group

​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

What does JSW Infrastructure do?

​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

Adani Ports would be the listed peer

​Gautam Adani led Adani Ports & SEZ would be JSW Infrastructure’s listed peer. Both the companies are ports operators. ​

Credit: Adani-Ports-SEZ

Second largest commercial port operator

​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

Installed capacity

​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

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