JSW Infrastructure IPO opens for subscription!

IPO Open Date  September 25 IPO Close Date September 27

JSW Infrastructure IPO Details:

Price Band for the IPO ₹113-₹119 Face Value of  ₹2 per share Lot Size-  126 shares Issue Size-  ₹2,800 cr (Fresh Issue)

About JSW Infrastructure Ltd.

JSW Infrastructure Limited offers a range of maritime services, including cargo handling, storage solutions, and logistics services. They are expanding to become a comprehensive logistics solutions provider and operate ports across India, including 2 non-major ports in Maharashtra and 7 major ports in regions like Goa, Karnataka, Odisha, and Tamil Nadu.

Financial Highlights

Objective for the IPO

– Prepayment or repayment of certain outstanding borrowings – Financing capital  expenditure requirements – General corporate purposes

Risk Factors

– The company has a substantial amount of related party transactions with entities in the JSWGroup. These transactions led to a 52% contribution to revenue from JSW Group customers in FY23. – The company has pledged its equity shareholding in certain of its subsidiaries. – Certain of the company’s subsidiaries are loss making.

Should you subscribe to the IPO?

That’s the rating by our team of analysts. Please read the IPO note for further details before making your investment decision!