JSW Infra IPO GMP, info,Price, Date, Allotment

JSW Infra ipo Review: JSW Infra is coming up with its Initial Public Offering

 

JSW Infra IPO
JSW Infra IPO

JSW Infra IPO- About The Company

 

JSW Infrastructure Limited provides maritime-related services including, cargo handling, storage solutions and logistics services, and is evolving into an end-to-end logistics solutions provider. The company develop and operates ports and port terminals under Port Concessions.

JSW Infrastructure ports and port terminals typically have long concession periods ranging between 30 to 50 years, providing the company with long-term visibility of revenue streams.

JSW Infrastructure Limited is a part of the JSW Group. The company partners with JSW Group Customers (Related Parties) to pursue growth initiatives. JSW Infrastructure is the 2nd largest commercial port operator in the country in terms of cargo handling capacity in Fiscal 2022.

The company has a presence across India with Non-Major Ports located in Maharashtra and port terminals located at Major Ports across the industrial regions of Goa and Karnataka on the west coast, and Odisha and Tamil Nadu on the east coast. JSW Infrastructure’s international presence includes 2 terminals at Fujairah and Dibba in the UAE.

The company currently handle various types of cargo, including dry bulk, break bulk, liquid bulk, gases and containers. The company currently handling cargo also include thermal coal, coal (other than thermal coal), iron ore, sugar, urea, steel products, rock phosphate, molasses, gypsum, barites, laterites, edible oil, LNG, LPG, and containers.

JSW Infrastructure Limited operates nine Port Concessions in India with an installed cargo handling capacity of 158.43 MTPA as of June 30, 2023. The company’s installed cargo handling capacity in India has grown at a CAGR of 15.27% from March 31, 2021 to March 31, 2023. 

more information please check – https://www.bseindia.com/corporates/download/372774/DRHP_%20JSW%20Infrastructure%20Limited%20_09-05-2023_20230510205626.pdf

 

JSW Infra IPO- industry overview 

 

As per a report by Niti Aayog in 2021, India’s logistics cost as a % of GDP stood at around 14% compared to 10- 11% for BRICS countries and 8-9% for developed countries. Going forward, the logistics cost as a % of GDP for India is expected to decline driven by initiatives such as implementation of GST, investments towards road infrastructure, development of inland waterways and coastal shipping, thrust towards dedicated freight corridors among others. The “Sagarmala” (port-led prosperity) initiative was rolled out in April 2016 by the GoI to reduce logistics costs for both domestic and export-import cargo with optimised infrastructure investment.

 The Sagarmala programme aims at enhancing India’s port capacity to over 3,300 MTPA by 2025. According to the Ministry of Shipping, this would include 2,219 MTPA of capacity at Major Ports and 1,132 MTPA at Non-Major Ports by 2024 – 2025. While the Government has announced and implemented several initiatives such as Gati Shakti Scheme, National Logistics Policy and Bharatmala Pariyojana to improve the transportation infrastructure in the country, improvement in such infrastructure will involve major capital expenditure and policy and administrative

 

Object Of The Issue

  •  Prepayment or repayment, in full or part, of all or a portion of certain outstanding borrowings through investment in the wholly owned Subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Limited.
  • Financing capital expenditure requirements through investment in the wholly owned subsidiary, JSW Jaigarh Port Limited, for proposed expansion/upgradation works at Jaigarh Port 
  • Financing capital expenditure requirements through investment in the wholly owned subsidiary, JSW Mangalore Container Terminal Private Limited, for the proposed expansion at Mangalore Container Terminal (“Mangalore Container Project”).
  • General corporate purposes.

 

JSW Infra ipo- Financial

 

  FY 2021 FY 2022 FY 2023 Q1 FY 2024
Revenue 1,603.57 2,273.06 3,194.74 878.10
Expenses 1,285.64 1,952.76 2,561.86 505.75
Net income 284.38 332.91 735.62 271.38
Margin (%) 17.73 14.65 23.03 30.91

Figures in INR cr 

 

JSW Infra Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 1.62 1.81 4.01
PE ratio
RONW (%) 10.29 10.21 18.80
NAV 17.87 21.88
ROCE (%) 8.15 10.88 19.49
EBITDA (%) 53.10 51.08 53.32
Debt/Equity 1.17 0.96 0.54

JSW Infrastructure IPO Peer Comparison

S. No. Face Value Company Name PE
1 2 Adani Ports and SEZ Limited 35.95

JSW Infra ipo – strengths 

 

  • Strategically located assets at close proximity to JSW Group Customers (Related Parties) and industrial clusters supported by a multi-modal evacuation infrastructure;
  • Predictable revenues driven by long-term concessions, committed long-term cargo and stable tariffs;
  • Diversified operations in terms of cargo profile, geography and assets;
  • Demonstrated project development, execution and operational capabilities;
  • Benefit from strong corporate lineage of the JSW Group and a qualified and experienced management team;
  • and
  • Benefit from strong corporate lineage of the JSW Group and a qualified and experienced management team; and
  • Strong financial metrics with a growing margin profile, return metrics and growth.

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JSW Infra IPO – Details

JSW Infra IPO Dates 25 – 27 September 2023
JSW Infra IPO Price INR 113 – 119 per share
Fresh issue INR 2,800 crores
Offer For Sale NA
Total IPO size INR 2,800 crores
Minimum bid (lot size) 126 shares
INR 14,994
Face Value  INR 2 per share
Retail Allocation 10%
Listing On BSE, NSE

 

JSW Infra IPO Dates & schedule 

 

JSW Infra IPO Opening Date 25 September 2023
JSW Infra IPO Closing Date 27 September 2023
Finalization of Basis of Allotment 3 October 2023
Initiation of refunds 4 October 2023
Transfer of shares to demat accounts 5 October 2023
JSW Infra IPO Listing Date 6 October 2023

 

JSW Infra IPO GMP Today

Date Ipo gmp  Kostak Subject to Sauda
Coming soon

JSW Infra IPO Allotment Status

JSW Infra IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

 

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