JSW Infrastructure IPO
JSW Infrastructure Limited
₹14,238 /126 sharesMinimum Investment
JSW Infrastructure IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| BSE & NSE | ₹119.00 | ₹143.00 | ₹24.00 (20.17%) |
JSW Infrastructure IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 25 Sep ‘23 - 27 Sep ‘23 | ₹14,238 | 126 | ₹113 - ₹119 |
| Issue Size | IPO Doc |
|---|---|
| 2800.00Cr | RHP PDF |
Subscription Status As on 27 Sep '23, 5:00 PM
- Qualified Institutional Buyers57.09x
- Non-Institutional Investor15.99x
- Retail Individual Investor10.31x
- Employees0.00x
- Total37.37x
About JSW Infrastructure
JSW Infrastructure offers a range of maritime services, such as cargo handling, storage solutions, logistics services, and various value-added offerings. The company is transforming into a comprehensive logistics solutions provider. JSW Infrastructure specializes in developing and operating ports and port terminals through Port Concessions, securing concession periods typically spanning 30 to 50 years.
The company has a widespread presence across India, with Non-Major Ports located in Maharashtra and port terminals strategically positioned at Major Ports in key industrial areas, including Goa and Karnataka on the west coast, and Odisha and Tamil Nadu on the east coast. This strategic placement enables JSW Infrastructure to serve the industrial regions of Maharashtra, Goa, Karnataka, Tamil Nadu, Andhra Pradesh, and Telangana, as well as the mineral-rich belts of Chhattisgarh, Jharkhand, and Odisha;
Parent Organisation
JSW Infrastructure Limited
Founded
2006
Managing Director
Mr. Arun Sitaram Maheshwari
Strengths & Risks
- JSW Infrastructure has become a leading player in the port-related infrastructure sector. The company has grown installed cargo handling capacity and volumes between 2021 and 2023.
- JSW Infrastructure's installed cargo handling capacity in India experienced a CAGR of 15.27%, increasing from 153.43 MTPA as of March 31, 2021, to 158.43 MTPA as of March 31, 2023. Simultaneously, the cargo volume in India witnessed an CAGR of 42.76%, growing from 2021 to 2023.
- The company holds the distinction of being the second-largest commercial port operator in India, particularly in terms of cargo handling capacity in 2023.
- JSW Infrastructure currently manages nine Port Concessions across India, boasting an installed cargo handling capacity of 158.43 MTPA as of June 30, 2023.
- Jaigarh Port, located on the west coast, stands out with a draft depth of 17.5 meters, making it one of India's deepest draft ports.
- JSW Infrastructure has expanded from their initial acquisition of a single Port Concession in Mormugao, Goa, by the JSW Group in 2002, which commenced operations in 2004. As of June 30, 2023, they have grown their portfolio to encompass nine Port Concessions across India.
- JSW Infrastructure relies on agreements with government organizations to run and expand its operations. Violating these agreements could lead to termination, significantly harming the company's business.
- A large portion of the cargo the company handles depends on a few specific types, and a substantial decrease or elimination of this cargo could negatively impact its profitability.
- The company and some subsidiaries have experienced losses in the past.
- Legal challenges against the environmental clearance for capacity expansion granted to the company's subsidiary, South West Port Limited, could have adverse consequences for its business.
- The company engages in numerous related party transactions with JSW Group entities.
- As of June 30, 2023, the company's total borrowings amounted to Rs. 4228.4 crores.
- There are ongoing legal disputes involving the company, subsidiaries, directors, promoters, and group companies.
- A significant portion of the revenue comes from its top five customers, two of which are related parties. If these customers experience business setbacks, cease doing business, or reduce their dealings, their revenue could decline, adversely affecting their business.
- The company's involvement in future acquisitions may pose integration challenges and uncertainties, potentially harming its business.
- The company's profitability is closely tied to its Port Concessions along the west coast of India, and any adverse events affecting these concessions or the west coast region could harm its overall profitability.
- Fluctuations in exchange rates could significantly and adversely impact the company's business and financial condition.
- The company has contingent liabilities. If these liabilities materialize, they could negatively affect the company's financial situation.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application details
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹113 - 119 | ₹2 Lakh |
| High Networth Individual | ₹113 - 119 | ₹2 - 5 Lakh |
For JSW Infrastructure IPO, eligible investors can apply as Regular.
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