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- JSW Infrastructure Ltd
JSW Infrastructure Ltd
JSW Infrastructure Limited was originally incorporated as a public limited company with the name of 'JSW Infrastructure & Logistics Limited' on April 21, 2006 by the RoC, at Mumbai. Thereafter, the name of Company was changed to 'JSW Infrastructure Limited' on April 2, 2008 upon issuance of a fresh certificate of incorporation in change of name by the Registrar of Companies, Maharashtra at Mumbai.
The Company is a part of the JSW Group, a multinational conglomerate with an international portfolio of diversified assets across various sectors, including steel, energy, infrastructure, cement, paints, venture capital and sports. It scaled up business operations from a single Port Concession at Mormugao, Goa that was acquired by the JSW Group in 2002 and commenced operations in 2004, to nine Port Concessions as of December 31, 2022 across India, making us a diversified maritime ports company.
The Company is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled and the second largest commercial port operator in India in terms of cargo handling capacity. The Company provide maritime related services including, cargo handling, storage solutions, logistics services and other value-added services to customers, and are evolving into an end-to-end logistics solutions provider. It develop and operate ports and port terminals pursuant to Port Concessions. It operate 9 Port Concessions across India with an installed cargo handling capacity of 153.43 MTPA as well as operate two port terminals under O&M agreements for a cargo handling capability of 41 MTPA in the UAE.
The Company currently handle various types of cargo, including dry bulk, break bulk, liquid bulk, gases and containers. Some of the cargo it currently handle include thermal coal, coking coal, iron ore, sugar, urea, steel products, rock phosphate, molasses, gypsum, barites, laterites, edible oil, LNG, LPG, and containers. The diversification of cargo has enabled to develop capabilities and expertise in handling various types of bulk cargo, including (i) liquid commodities such as edible oil and chemicals; (ii) LNG and LPG following the commissioning of India's first Floating Storage and Regasification Unit-based LNG terminal at our Jaigarh Port; (iii) urea and other fertilizers at our Jaigarh Port; and (iv) further expanding footprint in containers.
In order to handle such diversified cargo, the Company created cargo-specific facilities such as a facility for LPG storage and neem coating facilities for urea. It also provide other value-added services such as bagging services to urea importers, and covered storage sheds for iron ore, coal and agriculture commodities such as sugar to minimize loss during cargo handling operations in adverse conditions such as rains. Through its subsidiaries, the Company got into concession agreements for the development, operation, maintenance, and use of certain facilities for managing the ports and terminals at Jaigarh, Paradip, Mangalore and Ennore, and has entered into lease and/ or license agreements for managing ports and terminals at Goa, Dharamtar and Ennore.
The Company has a diversified 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. The Port Concessions are strategically located in close proximity to Anchor Customers and are well connected to cargo origination and consumption points. In addition, it benefit from strong evacuation infrastructure at ports and port terminals that comprises of multi-modal evacuation techniques, such as coastal movement through a dedicated fleet of minibulk carriers, rail, road network and conveyor systems.
In June, 2008, JSW Jaigarh Port Limited got into a concession agreement with Maharashtra Maritime Board (MMB) for common user multi-port at Dhamankhol Bay, Jaigarh, Ratnagiri, Maharashtra and received consent to operate for an all weather green field port facility at Jaigarh Port, Maharashtra in 2010. In 2012, started operations by JSW Dharamtar Port Private Limited at Dharamtar jetty, Maharashtra.
On 13th November 2020, the Company acquired Chettinad Group's terminal business to develop, operate, buy or bid for any terminal or berth for handling coal and general cargo and assuming the related operations at Ennore Coal Terminal Private Limited, Ennore Bulk Terminal Private Limited, and Mangalore Coal Terminal Private Limited. The capacity of Dharamtar jetty facility in Dolvi, Mahrashtra was enhanced from 9.69 to 34 metric tonne per annum with fully mechanized cargo handling system.
As per the Scheme I of Amalgamation, International Maritime & Allied Services Limited (Transferor Company) was amalgamated into the Company on a going concern basis by The High Court of Bombay, vide its order dated September 5, 2014, which became effective from the Appointed date of the Scheme, i.e., April 1, 2014.
As per the Scheme II of Amalgamation, the entire business and undertaking of Sarvoday Advisory Services Private Limited, JSW Infrastructure Fintrade PrivateLimited, Nisarga Spaces Private Limited, Avani Spaces Private Limited, Dhamankhol Fintrade Private Limited, Nalwa Fintrade Private Limited, Vanity Fintrade Private Limited, JSW Jaigarh Infrastructure Development Private Limited (Transferor Companies) got amalgamated into the Company vide its order dated November 4, 2019, which became effective from the Appointed date of the Scheme, i.e., April 1, 2019. A Liquified Natural Gas terminal was commissioned in 2019 at Jaigarh Port, Maharashtra in 2019.
The Company acquired a a controlling stake in Ennore Coal Terminal Private Limited (erstwhile Chettinad International Bulk Terminal Pvt Ltd in 2021. Paradip East Quay Coal Terminal Private Limited commenced commercial operations at Paradip port, Odisha in 2021. In 2022, JSW Mangalore Container Terminal Private Limited commenced commercial operations at berth no. 14 at New Mangalore port, Karnataka.
The Company is proposing equity shares aggregating upto Rs 2800 crore by raising capital through fresh issue to the Public.
The Company is a part of the JSW Group, a multinational conglomerate with an international portfolio of diversified assets across various sectors, including steel, energy, infrastructure, cement, paints, venture capital and sports. It scaled up business operations from a single Port Concession at Mormugao, Goa that was acquired by the JSW Group in 2002 and commenced operations in 2004, to nine Port Concessions as of December 31, 2022 across India, making us a diversified maritime ports company.
The Company is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled and the second largest commercial port operator in India in terms of cargo handling capacity. The Company provide maritime related services including, cargo handling, storage solutions, logistics services and other value-added services to customers, and are evolving into an end-to-end logistics solutions provider. It develop and operate ports and port terminals pursuant to Port Concessions. It operate 9 Port Concessions across India with an installed cargo handling capacity of 153.43 MTPA as well as operate two port terminals under O&M agreements for a cargo handling capability of 41 MTPA in the UAE.
The Company currently handle various types of cargo, including dry bulk, break bulk, liquid bulk, gases and containers. Some of the cargo it currently handle include thermal coal, coking coal, iron ore, sugar, urea, steel products, rock phosphate, molasses, gypsum, barites, laterites, edible oil, LNG, LPG, and containers. The diversification of cargo has enabled to develop capabilities and expertise in handling various types of bulk cargo, including (i) liquid commodities such as edible oil and chemicals; (ii) LNG and LPG following the commissioning of India's first Floating Storage and Regasification Unit-based LNG terminal at our Jaigarh Port; (iii) urea and other fertilizers at our Jaigarh Port; and (iv) further expanding footprint in containers.
In order to handle such diversified cargo, the Company created cargo-specific facilities such as a facility for LPG storage and neem coating facilities for urea. It also provide other value-added services such as bagging services to urea importers, and covered storage sheds for iron ore, coal and agriculture commodities such as sugar to minimize loss during cargo handling operations in adverse conditions such as rains. Through its subsidiaries, the Company got into concession agreements for the development, operation, maintenance, and use of certain facilities for managing the ports and terminals at Jaigarh, Paradip, Mangalore and Ennore, and has entered into lease and/ or license agreements for managing ports and terminals at Goa, Dharamtar and Ennore.
The Company has a diversified 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. The Port Concessions are strategically located in close proximity to Anchor Customers and are well connected to cargo origination and consumption points. In addition, it benefit from strong evacuation infrastructure at ports and port terminals that comprises of multi-modal evacuation techniques, such as coastal movement through a dedicated fleet of minibulk carriers, rail, road network and conveyor systems.
In June, 2008, JSW Jaigarh Port Limited got into a concession agreement with Maharashtra Maritime Board (MMB) for common user multi-port at Dhamankhol Bay, Jaigarh, Ratnagiri, Maharashtra and received consent to operate for an all weather green field port facility at Jaigarh Port, Maharashtra in 2010. In 2012, started operations by JSW Dharamtar Port Private Limited at Dharamtar jetty, Maharashtra.
On 13th November 2020, the Company acquired Chettinad Group's terminal business to develop, operate, buy or bid for any terminal or berth for handling coal and general cargo and assuming the related operations at Ennore Coal Terminal Private Limited, Ennore Bulk Terminal Private Limited, and Mangalore Coal Terminal Private Limited. The capacity of Dharamtar jetty facility in Dolvi, Mahrashtra was enhanced from 9.69 to 34 metric tonne per annum with fully mechanized cargo handling system.
As per the Scheme I of Amalgamation, International Maritime & Allied Services Limited (Transferor Company) was amalgamated into the Company on a going concern basis by The High Court of Bombay, vide its order dated September 5, 2014, which became effective from the Appointed date of the Scheme, i.e., April 1, 2014.
As per the Scheme II of Amalgamation, the entire business and undertaking of Sarvoday Advisory Services Private Limited, JSW Infrastructure Fintrade PrivateLimited, Nisarga Spaces Private Limited, Avani Spaces Private Limited, Dhamankhol Fintrade Private Limited, Nalwa Fintrade Private Limited, Vanity Fintrade Private Limited, JSW Jaigarh Infrastructure Development Private Limited (Transferor Companies) got amalgamated into the Company vide its order dated November 4, 2019, which became effective from the Appointed date of the Scheme, i.e., April 1, 2019. A Liquified Natural Gas terminal was commissioned in 2019 at Jaigarh Port, Maharashtra in 2019.
The Company acquired a a controlling stake in Ennore Coal Terminal Private Limited (erstwhile Chettinad International Bulk Terminal Pvt Ltd in 2021. Paradip East Quay Coal Terminal Private Limited commenced commercial operations at Paradip port, Odisha in 2021. In 2022, JSW Mangalore Container Terminal Private Limited commenced commercial operations at berth no. 14 at New Mangalore port, Karnataka.
The Company is proposing equity shares aggregating upto Rs 2800 crore by raising capital through fresh issue to the Public.
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JSW Infrastructure Ltd IPO Timeline
JSW Infrastructure Ltd IPO opens on 25-Sep-2023, and closes on 27-Sep-2023. The JSW Infrastructure Ltd IPO bid date is from 25-Sep-2023 to 27-Sep-2023. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| JSW Infrastructure Ltd IPO Opening Date | 25-Sep-2023 |
| JSW Infrastructure Ltd IPO Closing Date | 27-Sep-2023 |
| Basis of Allotment | 28-Sep-2023 |
| Initiation of Refunds | 28-Sep-2023 |
| Credit of Shares to Demat | 29-Sep-2023 |
| JSW Infrastructure Ltd IPO Listing Date | 03-Oct-2023 |
JSW Infrastructure Ltd IPO Lot Size
JSW Infrastructure Ltd IPO lot size is 126 shares. A retail-individual investor can apply for up to 13 lots (1638 shares or 194922).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 126 | ₹14994 |
| Maximum | 13 | 1638 | ₹194922 |
JSW Infrastructure Ltd IPO Details
| JSW Infrastructure Ltd IPO Date | 25-Sep-2023 to 27-Sep-2023 |
| JSW Infrastructure Ltd IPO Face Value | Shares of ₹2 per share |
| JSW Infrastructure Ltd IPO Price | ₹113 to ₹119 per share |
| JSW Infrastructure Ltd IPO Lot Size | 126 |
| Issue Size | Shares of ₹2 (aggregating up to ₹2800 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹2 Cr) |
| Offer for Sale | - |
| Issue Type | Book Built Portion |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 74336284 |
| Retail Shares Offered | Not less than 24778761 |
| NII (HNI) Shares Offered | Not less than 37168141 |
| Company Promoters | Sajjan Jindal, Sajjan Jindal Family Trust. |
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 1 Prepayment or repayment in full or part of all or a portion of certain outstanding borrowings through Investment in its wholly owned subsidiaries JSW Dharamtar Port Pvt Ltd & JSW Jaigarh Port Ltd,
- 2 Financing capital expenditure requirements through investment in its wholly owned subsidiary JSW Jaigarh Port Ltd for proposed expansion/upgradation works at Jaigarh Port as Follows:
- 3 LPG Terminal project
- 4 Setting up an electric sub station
- 5 Purchase and installation of dredger
- 6 Financing capital expenditure requirements through investment in its wholly owned subsidiary JSW Mangalore Container Terminal Pvt Ltd for proposed expansion at Mangalore Container Terminal
- 7 General corporate purposes
Company Financials
JSW Infrastructure Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 5052.31 | 828.28 | 67.07 |
| 03-2022 | 4808.06 | 590.19 | 140.54 |
| 03-2021 | 1958.94 | 369.66 | 98.99 |
| Amount in ₹ Crore | |||
- 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
- Strong financial metrics with a growing margin profile, return metrics and growth.
- The company relies on concession and license agreements from government and quasi-governmental organizations to operate and grow its business. The company have several obligations under these agreements and a breach of the terms could lead to termination, which could materially adversely affect its business, results of operations, financial condition and cash flows.
- A substantial portion of the volume of cargo handled by the company is dependent on a few types of cargo and a significant reduction in, or the elimination of such cargo could adversely affect its profitability.
- The Company and certain of its Subsidiaries have incurred losses in the past.
- The environmental clearance for capacity enhancement issued to its Subsidiary, South West Port Limited has been challenged before the National Green Tribunal and is subject to the outcome of certain other litigations. Any adverse outcome in these litigations may have an adverse effect on its business, financial condition, results of operations and cash flows.
- Adverse change in credit ratings assigned to it may affect the company ability to raise funds for future capital requirements.
- The company have entered into and may continue to enter into a substantial amount of related party transactions with entities in the JSW Group.
- The company operates in a capital-intensive industry and its current and future expansion plans may require significant capital that we may be unable to raise. Furthermore, its investments in developing additional services and facilities for its port business may not be successful.
- The company have substantial indebtedness which requires significant cash flows to service, and limits its ability to operate freely. Any breach of terms under the company financing arrangements or our inability to meet its obligations, including financial and other covenants under its debt financing arrangements could adversely affect its business and financial condition.
- The company do not own the JSW trademark, and its ability to use the trademark, name and logo may be impaired. Any reputational damage to this trademark or the JSW Group, name or logo could have an adverse effect on its financial condition, cash flows and results of operations.
- The company is yet to place orders for certain equipment and certain civil works for expansion of projects proposed to be funded through this Issue. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment or services in a timely manner, or at all, it may result in time and cost over-runs and its business, prospects and results of operations may be adversely affected.
- There are outstanding legal proceedings involving the Company, Subsidiaries, Directors, Promoters and Group Companies. Failure to defend these proceedings successfully may have an adverse effect on its business prospects, financial condition, results of ongoing operations and reputation.
- The company inability to collect receivables and default in payment from its customers could result in the reduction of the company profits and affect its cash flows.
- A portion of the Net Proceeds is proposed to be utilized for repayment or pre-payment, in full or part, all or a portion of certain loans availed by our Subsidiaries from Axis Bank Limited and ICICI Bank Limited, affiliates of certain BRLMs to the Issue.
- The company financial condition and business prospects could be materially and adversely affected if the company do not complete its greenfield and brownfield expansion projects as planned or if they experience delays or cost overruns.
- The company may not be successful in implementing and managing its expansion and growth strategy effectively.
- The company business and operations are subject to extensive environmental and other related regulations and policies and any onerous amendments to such regulations and policies may involve incurring added compliance costs.
- The company derives a substantial portion of its revenue from its top five customers, two of which are also the company related parties. If such customers were to suffer a deterioration of their business, cease doing business with it or substantially reduce their dealings with its, the company revenues could decline, which may have a material adverse effect on its business, results of operations, cash flows, financial condition and future prospects.
- The company have issued Equity Shares during the preceding twelve months at a price which may be below the Issue Price (other than bonus issuances).
- The company may not have marketable title over some of the land its occupy. The company also occupy certain land on a leasehold basis, including the land on which its propose to set up the terminal for handling LPG products, by utilizing the Net Proceeds. In addition, its use the company registered and corporate office on a cosharing basis with other members of the JSW Group. A failure to obtain marketable title over its land, or to renew existing arrangements may have a material adverse effect on its business, financial condition and results of operations.
- The company have undertaken and may continue to enter into future acquisitions which may also be difficult to integrate into its existing operations. These may expose it to uncertainties and risks, any of which could materially adversely affect its business, financial conditions, results of operations and cash flows.
- The company funding requirements and proposed deployment of the Net Proceeds have not been appraised by any bank or financial institution, and may be subject to change based on various factors, some of which are beyond its control.
- The company concession and license agreements are entered into for limited periods ranging from 30 to 50 years and do not provide for renewals. Its O&M agreements are granted for limited periods of up to five years and may not be renewed on equally favourable terms or at all. Inability to renew these arrangements could adversely affect its business, results of operations, financial condition and cash flows.
- The company is required to furnish performance bank guarantees under its concession and license agreements, which may be invoked in the future if the company fail to meet its obligations, which could adversely impact the company operation and financial conditions. In the past, its bank guarantees have also been invoked.
- The company is dependent on its Port Concessions along the west coast of India and any adverse events affecting these Port Concessions or the west coast may adversely affect its overall profitability.
- The company may be unable to obtain required statutory approvals and licenses or renewals thereof in a timely manner or at all.
- Exchange rate fluctuations could materially and adversely impact its business, financial condition and results of operations.
- The Company has pledged its equity shareholding in certain of its Subsidiaries (including certain of our Material Subsidiaries) as security to the U.S.$ 400.00 million 4.95% senior secured notes due in 2029 issued by the Company ("Secured Notes"). In the event of default under the Secured Notes, lenders may invoke the pledge and its may lose control in such Subsidiaries thereby adversely affecting its business and financial condition.
- The company projects, specifically where its intend to utilise a portion of the company Net Proceeds, have long gestation periods pursuant to which there could be cost escalations resulting in substantial capital outlay, which may have an adverse impact on its operations and profitability.
- The company inability to effectively bid for projects in the future could impact its operations and financial condition.
- Inability to maintain or increase its current capacity utilization levels may have an adverse impact on its business, results of operations and cash flows.
- The company ports are dependent on adequate and uninterrupted supplies of electricity and fuel; disruption in electricity or fuel supplies may lead to disruption in operations, and increase in electricity and fuel costs may lead to higher operating cost and consequent decline in operating margins.
- Disruption to the steady and regular supply of labour for its port operations or the company inability to control the composition and cost of its labour force could adversely affect the operations at the company port.
- The company may not have adequate insurance and may be unable to secure additional insurance to cover all losses its may incur in the company business operations or otherwise.
- The company have certain contingent liabilities as stated in the Restated Consolidated Financial Information, and in the event they materialize it could adversely affect its financial condition.
- The company senior management team and other key managerial personnel in its business units are critical to its continued success and the company may be unable to attract and retain such personnel in the future.
- The company Promoters and certain of its Directors, Senior Management and Key Managerial Personnel have interests in the Company other than their normal remuneration or benefits and reimbursement of expenses.
- The company depends on sub-contractors for timely and successful completion of its projects and may be liable for the performance of sub-contractors.
- The company port services, logistics operations and other operations are subject to operational risks such as breakdown of equipment, accidents, labour disputes, force majeure and natural disasters.
- As an infrastructure company the company relies on development projects and initiatives of the government. Any disruption or delays in such government initiatives could lead to disruption of its supply chain and adversely impact its business operations and financial condition.
- The company arrangements with customers require compliance with certain performance standards. Any noncompliance with the performance standards or other requirements of these arrangements may result in penalties and other adverse developments which could adversely impact its business and operations.
- Any failure or disruption of its information technology systems could adversely impact the company business and operations.
- Changes in technology may render its current technologies obsolete or require the company to make substantial capital investments.
- Upgrading or renovation works or physical damage to its ports and port terminals may disrupt the company operations and adversely affect its profitability.
- The company relies on security procedures at other facilities or by its customers, which are outside the company control and any security lapse could subject it to significant liability.
- The company may be susceptible to liabilities arising from violation of applicable anti-bribery and anti-corruption laws.
- The company operates in a competitive environment and an inability to compete effectively may adversely affect its results of operations, financial condition and business prospects.
- The Company and some of its Subsidiaries benefit from certain tax exemptions and export benefits which are subject to the policies and decisions of the Government of India.
- The company may be affected by competition law, the adverse application or interpretation of which could adversely affect its business.
- The lack of an efficient transportation network and reliable transportation infrastructure in India or inadequacies in the connectivity of its ports/ port terminals to the Indian road and rail network may have an adverse effect on its business and results of operations.
- Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders' approval.
- The company ability to pay dividends in the future will depends on its future cash flows, working capital requirements, capital expenditures and financial condition.
- This Red Herring Prospectus contains information from industry sources including the industry report commissioned by the Company from CRISIL and reliance on such information for making an investment decision in the Issue is subject to certain inherent risks.
- Information relating to its operational capacities and the historical capacity utilization of the company ports and port terminals included in this Red Herring Prospectus is based on various assumptions and estimates and future capacity utilization may vary.
- The Company has prepared financial statements under Ind AS. Significant differences exist between Ind AS and other accounting principles.
- The company results of operations may fluctuate as a result of climatic variations.
- The company have in this Red Herring Prospectus included certain Non-GAAP Measures that may vary from any standard methodology that is applicable across the Indian port industry and may not be comparable. with financial information of similar nomenclature computed and presented by other companies.
- Continue to pursue greenfield and brownfield expansions with a focus on Non-Major Ports.
- Pursue acquisition opportunities in similar businesses.
- Pursue opportunities in synergistic businesses to increase revenue diversification.
- Increasing our third-party customer base.
- Diversification of cargo mix.
- Focus on building environment friendly and sustainable operations along with growth.
JSW Infrastructure Ltd IPO Promoter Holding
| Pre Issue Share Holding | 90.91% |
| Post Issue Share Holding | 80.72% |
JSW Infrastructure Ltd IPO Subscription Status (Bidding Detail)
The JSW Infrastructure Ltd IPO is subscribed 37.37 times on Sep 27, 2023 05:00:00 PM. The public issue subscribed 10.32 times in the retail category, 57.09 times in the QIB category, and 15.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Subscription (times) | 57.09 | 15.99 | 10.32 | - | 37.37 |
JSW Infrastructure Ltd IPO Prospectus
JSW Infrastructure Ltd IPO Listing Date
| Listing Date | 03 Oct 23 |
| BSE Script | 543994 |
| NSE Symbol | JSWINFRA |
| Listing In | BSE, NSE |
| ISIN | INE880J01026 |
| IPO Price | ₹119 |
| Face Value | ₹2 |
JSW Infrastructure Ltd IPO Registrar
KFin Techologies Ltd
Phone: +91 40 6716 2222
Website: www.kfintech.com
JSW Infrastructure Ltd IPO Lead Manager(s)
- JM Financial Ltd
- Axis Capital Ltd
- Credit Suisse Securities (India) Pvt Ltd
- DAM Capital Advisors Ltd
- HSBC Securities & Capital markets (India) Pvt Ltd
- ICICI Securities Ltd
- Kotak Mahindra Capital Company Ltd
- SBI Capital Markets Ltd
FAQs on JSW Infrastructure Ltd IPO
JSW Infrastructure Ltd IPO, which opens for subscription from 25-Sep-2023 to 27-Sep-2023 has an issue size of ₹2800 crore. The issue type is book building issue.
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for JSW Infrastructure Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.
JSW Infrastructure Ltd IPO Opens for subscription from 25-Sep-2023 to 27-Sep-2023.
The lot size of JSW Infrastructure Ltd is 126 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots. The minimum and maximum application value is ₹14994 and ₹194922 respectively.
Allotment date for JSW Infrastructure Ltd is 28-Sep-2023 and refund of application amount (in case allotment is not received) will begin from 28-Sep-2023. If your allotment goes through, then shares will be credited in your Demat account by 29-Sep-2023.
The registrar for JSW Infrastructure Ltd IPO is KFin Techologies Ltd . You can check your IPO allotment status on the registrar's website.
The shares of JSW Infrastructure Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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