JSW Infra IPO opens today: GMP, review, other key details to know. Should you subscribe?
₹113 to ₹119 per equity share of face value of ₹2 each. JSW Infra IPO raised ₹1,260 crore from anchor investors on Friday, September 22. JSW Infrastructure Limited IPO has reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15% for Non Institutional Investors (NII), and not more than 10% of the offer is reserved for Retail Investors.
JSW Infra IPO lot size is 126 equity shares and in multiples of 126 equity shares thereafter. Adani Ports and Special Economic Zone Ltd, which has a P/E ratio of 35.95, is the company's listed industry peer. JSW Infra IPO comprises a fresh issuance of ₹2,800 crore worth of shares, there's no offer for sale (OFS) component.
According to Red Herring Prospectus (RHP), the company plans to invest the net proceeds from the offering into its fully owned subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Ltd., in order to prepay or repay all or a portion of certain outstanding borrowings. The company also intends to finance capital expenditure requirements through investment in its wholly owned subsidiary, JSW Jaigarh Port Ltd, for proposed expansion/upgradation works at Jaigarh Port, including the expansion of the LPG terminal, the establishment of an electric sub-station, and the purchase and installation of a dredger. JM Financial Ltd, Axis Capital Ltd, Credit Suisse Securities (India) Private Ltd, DAM Capital Advisors Ltd, HSBC Securities and Capital Markets (India) Private Ltd, ICICI Securities Ltd, Kotak Mahindra Capital Company Ltd, and SBI Capital Market Ltd are the book running lead managers to the Offer.
KFin Technologies Ltd is the offer's registrar. Also Read: JSW Infrastructure IPO opens next week. GMP,
. Read more on livemint.com
