"For a good 14-15 years until 2018, we were handling only captive cargo; there was no outside cargo. Even in 2019, when we were handing 35 million tonnes of total cargo, we were doing only 6% outside the group.But when the focus shifted, we thought why don t we develop these separate terminals? In FY23, we handled 33% from outside the group. In June 23, we handled almost 37% from outside the group."
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 IPO will open for subscription on September 25 and run till September 27. The company looks to raise Rs 2800 crore from initial share sale, which will be a first from JSW Group in nearly 13 years. The company had filed the draft prospectus with Sebi in May this year.