Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

JSW Infrastructure Raises a Whopping Rs. 2800 Crore through IPO

Date:

Share post:

JSW Infrastructure Raises a Whopping Rs. 2800 Crore through IPO

JSW Infrastructure Raises

JSW Infrastructure Raises IPO

JSW Infrastructure, the infrastructure company of JSW Group owned by veteran industrialist Sajjan Jindal, is preparing for listing on the stock exchange. JSW Infrastructure, associated with the port business, is preparing to bring an IPO, for which the company has filed a draft paper (DRHP) with the stock market regulator SEBI (Securities and Exchange Board of India). The company is preparing to raise Rs 2800 crore through IPO.

With the amount of Rs 2800 crore to be raised through IPO, JSW Infrastructure will execute the expansion plan along with repaying the loan. The promoters of the company will not reduce their stake in this IPO. JM Financial is the lead manager of this IPO. In terms of cargo handling capacity, JSW Infrastructure was the second largest commercial port operator in the country in 2021-22 with a handling capacity of 153.43 million tonnes annually. By December 2022, the company has seen a 35 percent jump in cargo volume handling, 41 percent in revenue, 31 percent in operating profit and 30 percent in net profit.

In the year 2002, the company acquired a port at Mormugao in Goa, which started operations in 2004. By December 2022, the company has a total of nine ports. The company has operation and management contracts for two ports with a capacity of 41 million tonnes in West Asia.

This is the third company of JSW Group which will be listed on the stock exchange. Earlier, 13 years ago JSW Energy was listed in January 2010. Apart from this, JSW Steel and JSW Holdings are also listed on the stock exchange. The stock of JSW Steel is trading at Rs 721, JSW Energy at Rs 263 and JSW Holdings at Rs 4245. Apart from this, the group has recently ventured into the business of paints under the name of JSW Paints.

Read also –NSE,BSE have Experienced an Impressive Boom

1 Comment

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

The 10 Best AirTag Accessories of 2025

One thing about me: I'm obsessed with Apple AirTags. They’re hands down the most reliable luggage...

Weekend Reading For Financial Planners (May 3–4)

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with...

A Frequent Flier Loves This Comfy Flare Legging

After dozens of red-eyes, countless airport sprints, and back-to-back international trips, I’ve developed a sixth sense...

IRS’ Crypto Leads Are Leaving the Agency After Accepting DOGE Deals

The IRS lost two key directors working on crypto initiatives, Seth Wilks and Raj Mukherjee, on Friday...
Verified by ExactMetrics