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.
JSW Infra s Rs 2,800-crore IPO will open for subscription on Monday and close on Wednesday. The price band for the IPO has been fixed at Rs 113-119 a share. The company allotted 10,58,82,352 shares to anchor investors at Rs 119 apiece. 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.
The ₹2,800-crore IPO of JSW Infrastructure, India s second-largest commercial port, will open for bidding on September 25 and close on September 27. The company has fixed the IPO price band at ₹113-119 per share. Investors can bid for a minimum of 126 shares and in multiples of 126 shares thereafter. The IPO is entirely a fresh issue.