JSW Infrastructure s forthcoming public offering marks a significant milestone as the first public listing from the JSW Group in nearly 13 years. JSW Infrastructure had filed the draft red herring prospectus for its initial public offering with Sebi in May 2023. The IPO, consisting entirely of fresh shares, will serve as a means to partially retire existing debt obligations and fund future expansion projects. It will be the third company of the JSW Group to be listed through the IPO route after JSW Steel and JSW Energy.
The company has filed its red herring prospectus with the Registrar of Companies. JSW Infrastructure s forthcoming public offering marks a significant milestone as the first public listing from the JSW Group in nearly 13 years
The Sajjan Jindal-led JSW Group plans to raise upto Rs 2,800 crore via the primary route, which will be used towards retiring its debt as well as to fund its capacity expansion projects.
JSW Infrastructure has filled the draft red herring prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) in this regard.