JSW Infra ports and port terminals usually have long concession periods, between 30-50 years, providing the company with long-term visibility of revenue streams.
The IPO is entirely a fresh equity issue of Rs 2,800 crore. This is the first IPO from a JSW Group company in 13 years after JSW Energy listed in 2010.
The cargo handling is highly dependent on bulk cargo, therefore any sharp variation in commodity prices may weigh on the cargo handling volume. Any change in terms of concession and license agreement from the government could impact financial performance. The fees to regulatory authorities account for 17% of the total revenue of the company.