IPO News: JSW Infra Prepares for Going Public After a Decade
Latest IPO News: After almost 13 years, JSW Infrastructure Company is finally opening its IPO. In FY 2021-23, JSW Infrastructure is the fastest-growing shipping infrastructure provider in terms of installed cargo handling capacity and cargo volume. In the fiscal year 2023, this will be the second domestic commercial port operator. The business has grown from one port concession at Mormugao Port Trust in Goa to nine port concessions on India’s east and west coasts, making it a well-established port operator. Let’s know more about the IPO, price range, closing date, and other details.
JSW IPO Details
The Sajjan Jindal-led company’s IPO is coming after a huge 13-year gap. JSW Infrastructure Company’s initial public offering will open for subscription on September 25 till September 27. The IPO price range has been set at Rs 113-119 per share. The company will issue Rs 2,800 crore in shares. The proceeds of the issuance will be utilised for debt repayment, capital expenditure, and other general purposes. The offer is being made through a book-building procedure, with eligible institutional buyers receiving 75% of the issue, non-institutional investors receiving 15%, and retail investors receiving 10%.
