JSW Infrastructure Limited provides maritime-related services including, cargo handling, storage solutions and logistics services, and is evolving into an end-to-end logistics solutions provider. The company develop and operates ports and port terminals under Port Concessions.
JSW Infrastructure ports and port terminals typically have long concession periods ranging between 30 to 50 years, providing the company with long-term visibility of revenue streams.
JSW Infrastructure Limited is a part of the JSW Group. The company partners with JSW Group Customers (Related Parties) to pursue growth initiatives. JSW Infrastructure is the 2nd largest commercial port operator in the country in terms of cargo handling capacity in Fiscal 2022.
The company has a presence across India with Non-Major Ports located in Maharashtra and port terminals located at Major Ports across the industrial regions of Goa and Karnataka on the west coast, and Odisha and Tamil Nadu on the east coast. JSW Infrastructure’s international presence includes 2 terminals at Fujairah and Dibba in the UAE.
The company currently handle various types of cargo, including dry bulk, break bulk, liquid bulk, gases and containers. The company currently handling cargo also include thermal coal, coal (other than thermal coal), iron ore, sugar, urea, steel products, rock phosphate, molasses, gypsum, barites, laterites, edible oil, LNG, LPG, and containers.
JSW Infrastructure Limited operates nine Port Concessions in India with an installed cargo handling capacity of 158.43 MTPA as of June 30, 2023. The company’s installed cargo handling capacity in India has grown at a CAGR of 15.27% from March 31, 2021 to March 31, 2023.
JSW Infrastructure IPO – Details
| IPO Opening Date | 25 September 2023 |
| IPO Closing Date | 27 September 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 23,52,94,118 Shares Worth ₹2800 Crore Fresh Issue: 23,52,94,118 Shares Worth ₹2800 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹113 – ₹119 |
| Market Lot | 126 Shares |
| Min Order | 126 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
JSW Infrastructure IPO – Date Schedule
| IPO Open Date | 25 September 2023 |
| IPO Close Date | 27 September 2023 |
| Basis of Allotment Date | 28 September 2023 |
| Initiation of Refunds | 29 September 2023 |
| Credit of Shares to Demat Account | 03 October 2023 |
| IPO Listing Date | 03 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 27 September 2023 |
JSW Infrastructure IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 126 | 14,994 |
| Retail (Max) | 13 | 1638 | 1,94,922 |
| S-HNI (Min) | 14 | 1764 | 2,09,916 |
| S-HNI (Max) | 66 | 8316 | 9,89,604 |
| B-HNI (Min) | 67 | 8442 | 10,04,598 |
Competitive Strengths
- Fastest growing port-related infrastructure and second largest commercial port operator in India;
- Strategically located assets at close proximity to JSW Group Customers (Related Parties) and industrial clusters supported by a multi-modal evacuation infrastructure;
- Predictable revenues driven by long-term concessions, committed long-term cargo and stable tariffs;
- Diversified operations in terms of cargo profile, geography and assets;
- Demonstrated project development, execution and operational capabilities;
- Benefit from strong corporate lineage of the JSW Group and a qualified and experienced management team;
- and
- Benefit from strong corporate lineage of the JSW Group and a qualified and experienced management team; and
- Strong financial metrics with a growing margin profile, return metrics and growth.
Company Promoters
- Sajjan Jindal
- Sajjan Jindal Family Trust
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 1678.26 | 1285.64 | 284.62 | 3945.81 |
| 31 March 2022 | 2378.73 | 1952.75 | 330.43 | 4408.69 |
| 31 March 2023 | 3372.85 | 2561.86 | 749.51 | 4243.69 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 33.4 |
| Market Cap (₹ Cr.) | 24990 |
| ROE | 18.33 |
| ROCE | 19.49 |
| EPS (Rs) | 4.12 |
| RoNW | 18.80 |
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 (“LPG Terminal Project”);
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 (“Mangalore Container Project”).
- General corporate purposes.
JSW Infrastructure IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Adani Ports and SEZ Limited | 35.95 |
JSW Infrastructure IPO Promoter Holding
| Pre Issue Share Holding | 96.42% |
| Post Issue Share Holding | 85.61% |
JSW Infrastructure IPO Prospectus
Company 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 Lead Manager(s)
| 1. SBI Capital Markets Limited 2. Dam Capital Advisors Ltd 3. JM Financial Limited 4. Axis Capital Limited 5. Credit Suisse Securities (India) Private Limited 6. HSBC Securities & Capital Markets Pvt Ltd 7. ICICI Securities Limited 8. Kotak Mahindra Capital Company Limited |
JSW Infrastructure IPO FAQs
| What is JSW Infrastructure IPO? JSW Infrastructure IPO is a main-board IPO. The issue is priced at ₹113 to ₹119 per equity share. The IPO is to be listed on BSE & NSE. |
| When JSW Infrastructure IPO will open? The IPO is to open on 25 September 2023 for QIB, NII, and Retail Investors. |
| What is JSW Infrastructure IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the JSW Infrastructure IPO? You can apply JSW Infrastructure IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the JSW Infrastructure IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “JSW Infrastructure”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the JSW Infrastructure IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “JSW Infrastructure”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the JSW Infrastructure IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “JSW Infrastructure”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the JSW Infrastructure IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “JSW Infrastructure”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is JSW Infrastructure IPO Size? JSW Infrastructure IPO size is ₹2800 Crore. |
| What is JSW Infrastructure IPO Price Band? JSW Infrastructure IPO Price Band is ₹113 to ₹119. |
| What is JSW Infrastructure IPO Minimum and Maximum Lot Size? The minimum bid is 126 Shares with ₹14,994 amount while the maximum bid is 1638 shares with ₹1,94,922. |
| What is the JSW Infrastructure IPO Allotment Date? JSW Infrastructure IPO allotment date is 28 September 2023. |
| What is the JSW Infrastructure IPO Listing Date? JSW Infrastructure IPO listing date is 03 October 2023. The IPO is to list on BSE and NSE. |
