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JSW Infrastructure Limited has received approval for an initial public offering (IPO) from the Securities and Exchange Board of India (SEBI). This company through IPO raised Rs. 2800 crore has been planned to be collected. Let us tell you that this 23 billion dollar JSW Group company submitted draft papers for its IPO in the month of May. The purpose of this IPO is to pay down debt and raise funds for its capacity expansion plans. As of December 31, 2022, the company’s debt stood at ₹2,875 crore.
The backers of this IPO are JM Financial Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, DAM Capital Advisors Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Kotak Mahindra and Capital Company Limited. SBI Capital Markets. Limited Book Running Lead Manager. The equity shares are proposed to be listed on BSE and National Stock Exchange.
Listing after 13 years: The JSW Group company’s IPO is coming after almost 13 years. Earlier, JSW Energy Limited was listed in January 2010. JSW Infrastructure will be the third company of the group to be listed on the stock exchange. This group led by Sajjan Jindal is active in the business of cement, paint, venture capital etc.
Let us tell you that JSW Infrastructure is India’s second largest port operator in terms of cargo handling capacity with an annual cargo handling capacity of 153.43 million tonnes for multi-commodity cargoes including dry bulk, break bulk, liquid bulk, gas and containers. . is JSW Infra started operations in 2004.