JSW Infra seeks expansion plans via IPO
POWER & RENEWABLE ENERGY

JSW Infra seeks expansion plans via IPO

JSW Infrastructure, owned by Sajan Jindal, has filed a preliminary filing with the capital market regulator Sebi to raise up to Rs 2.8 billion through an initial public offering (IPO) to repay its debt and support its expansion plans. JSW Infrastructure will become the third listed company in the JSW Group, following JSW Energy and JSW Steel.

The JSW Group port operator submitted the DRHP on 9 May. According to the draft, the IPO will simply be a reissue of shares without an offer to sell (OFS) element, and the promoters will not dilute their current profits through the offering. The company will use the proceeds to retire its debt as well as to fund its capacity expansion projects, as per the draft red herring prospectus (DRHP).

JSW Infrastructure has an installed cargo handling capacity of 153.43 million tonnes per annum (MTPA) for multi-commodity cargo including dry bulk, break bulk, liquid bulk, gases and containers.

The company reported a profit after tax (PAT) of Rs 447.2 million and a profit before interest, tax, depreciation and amortization (EBITDA) of Rs 1,268.6 million for October 2022 to December 2023.

JM Financial Limited, Axis Capital Limited, Credit Swiss Securities (India) Private Limited, DAM Capital Advisors Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited are this document. . - Run Lead Manager.

The shares are proposed to be listed on the BSE and NSE.

Additionally, his JSW group, part of Sajan Jindal, is also active in the fields of cement, paints, venture capital and sports.

See also:
JSW Renew Energy Three signs power purchase deal with Solar Energy Corp
JSW Steel to invest $145 mn to improve manufacturing processes in US


JSW Infrastructure, owned by Sajan Jindal, has filed a preliminary filing with the capital market regulator Sebi to raise up to Rs 2.8 billion through an initial public offering (IPO) to repay its debt and support its expansion plans. JSW Infrastructure will become the third listed company in the JSW Group, following JSW Energy and JSW Steel. The JSW Group port operator submitted the DRHP on 9 May. According to the draft, the IPO will simply be a reissue of shares without an offer to sell (OFS) element, and the promoters will not dilute their current profits through the offering. The company will use the proceeds to retire its debt as well as to fund its capacity expansion projects, as per the draft red herring prospectus (DRHP). JSW Infrastructure has an installed cargo handling capacity of 153.43 million tonnes per annum (MTPA) for multi-commodity cargo including dry bulk, break bulk, liquid bulk, gases and containers. The company reported a profit after tax (PAT) of Rs 447.2 million and a profit before interest, tax, depreciation and amortization (EBITDA) of Rs 1,268.6 million for October 2022 to December 2023. JM Financial Limited, Axis Capital Limited, Credit Swiss Securities (India) Private Limited, DAM Capital Advisors Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited are this document. . - Run Lead Manager. The shares are proposed to be listed on the BSE and NSE. Additionally, his JSW group, part of Sajan Jindal, is also active in the fields of cement, paints, venture capital and sports. See also: JSW Renew Energy Three signs power purchase deal with Solar Energy Corp JSW Steel to invest $145 mn to improve manufacturing processes in US

Next Story
Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Next Story
Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?