JSW Infrastructure Ltd. IPO

The company is a top port-related infrastructure company in India. It's the 2nd largest commercial port operator in the country with 9 port concessions and 2 port terminals in the UAE. The company has achieved rapid growth, expanding its installed cargo handling capacity by 22.35% CAGR from 102.50 MTPA to 153.43 MTPA. It offers a wide range of maritime services, including cargo handling, storage solutions, and logistics. Its strategic locations and strong multi-modal evacuation infrastructure make it a preferred choice for customers.

RHP
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DRHP
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Open Date

2023-09-25

Close Date

2023-09-27

IPO Details

Check out the issue details for JSW Infrastructure Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 119

Price Band

₹ 113 - 119

Issue Size

2800 Cr.

Issue Type

Book Built

Open

2023-09-25

Close

2023-09-27

Listingprice

₹ 143

ListingGain

20.17%

Listing Date

2023-10-03

CMP

₹ 243.45

Current Return

104.58%

Company Financials

You can get the following financial statements of JSW Infrastructure Ltd. as of now.

Subscription Details

The details about the JSW Infrastructure Ltd IPO is as:

  • The issue size of the IPO is 2800 Cr.
  • The price band for JSW Infrastructure Ltd IPO is Rs 113 to Rs 119.
  • The shares of JSW Infrastructure Ltd IPO will list on 3rd October 2023.
  • The latest tentative GMP of JSW Infrastructure Ltd IPO is Rs 21.
  • The shares of JSW Infrastructure Ltd IPO is subscribed 39.36 Times as of 27th September 2023.

 

JSW Infrastructure Ltd IPO Valuation

The approx valuation of JSW Infrastructure Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 119
Existing Shares (Qty) 186.4 Cr
Fresh Issue 2800 Cr
Market Cap 24981.6 Cr
EPS (FY23) Rs 4.12
PE Ratio  28.88x
Industry PE  35.95x

 

JSW Infrastructure Ltd IPO Issue Size

JSW Infrastructure Ltd IPO issue size is 2800 Cr.

Issue Amount
Fresh Issue 2800 Cr
Offer For Sale 0 Cr

 

JSW Infrastructure Ltd IPO Market Lot

An Individual can apply for a minimum 1 lot of 126 shares and a maximum of 13 lots of 1638 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 126 Rs 14,994
 Maximum 13 1638 Rs 1,94,922

 

JSW Infrastructure Ltd IPO share offer

The shares of JSW Infrastructure Ltd IPO is subscribed 39.36 Times as of 27th September 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 60.12 Times
Non-Institutional Maximum 15% 16.83 Times
Retail Individual Maximum 10% 10.86 Times
Total   39.36 Times

Allotment Details

Find below the dates for JSW Infrastructure Ltd IPO:

Schedule Date
Basis of Allotment 3 October 2023
Refunds 4 October 2023
Credit to Demat Account 5 October 2023
IPO Listing Date 3 October 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 270.83 284.57 320.26 473.03 531.58
Total Expenditure 208.09 128.27 164.05 270.04 313.74
Operating Profit 62.74 156.3 156.21 202.99 217.84
Other Income 65.42 72.93 49.55 117.16 296.7
Interest 6.11 66.8 69.16 145.35 460.48
Depreciation 1.62 1.77 1.77 1.66 1.36
Exceptional Items 0 0 0 0 0
Profit Before Tax 120.43 160.65 134.83 173.14 52.69
Provision for Tax 9.5 29.14 35.84 32.6 -14.37
Net Profit 110.93 131.51 98.97 140.88 67.07
Adjusted EPS (Rs.) 0.06 0.07 0.06 0.08 0.04

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 60.18 59.93 59.93 59.93 359.57
Total Reserves 1354.71 989.98 1140.77 1332.57 1243.19
Borrowings 0 284.23 224.79 3006.74 3259.63
Other N/C liabilities -42.82 -26.46 209.41 80.18 53.38
Current liabilities 103.17 273.9 412.06 294.57 78.89
Total Liabilities 1475.23 1581.57 2046.97 4773.99 4994.67
Assets
Net Block 91.52 102.28 100.58 97.87 101.43
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 575.51 1029.68 1413.87 1559.85 1345.26
Loans & Advances 6.74 31.91 148.83 2438.54 2811.23
Other N/C Assets 0 3.03 1.4 1.4 1.4
Current Assets 801.46 414.67 382.28 676.33 735.35
Total Assets 1475.23 1581.57 2046.97 4773.99 4994.67
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023
Other Income 78.75 127.89
Profit Before Tax 32.92 128.69
Tax 10.18 34.96
Profit After Tax 22.74 93.73
Adjusted EPS (Rs) 0.11 0.46

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 85.61 0
Sep 2023 85.61 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 120.43 160.65 134.83 173.14 52.69
Adjustment 59.95 2.92 38.18 47.56 260.4
Changes in Assets & Liabilities 3.78 -28.4 169.26 -14 -110.72
Tax Paid -20.51 -13.44 -21.69 -37.11 -40.38
Operating Cash Flow 163.65 121.74 320.58 169.59 161.99
Investing Cash Flow -124.26 26.22 -350.62 -2492.62 90.47
Financing Cash Flow -59.91 -114.63 -6.19 2539.17 -352.19
Net Cash Flow -20.53 33.33 -36.23 216.14 -99.73
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