JSW Infrastructure files draft documents; Rs 2,800 crore target through IPO – Times of India

New Delhi: Owned by Sajjan Jindal JSW Infrastructure Has filed preliminary papers with the capital market regulator SEBI To raise up to Rs 2,800 crore through an initial public offering (IPO) to repay debt and support its expansion plans.
JSW Infrastructure will be the third company of JSW Group to be listed on the exchange JSW Energy And JSW Steel,
The ports business of JSW Group filed the DRHP on May 9.
As per the draft papers, the IPO is purely a fresh issue of equity shares without any offer-for-sale (OFS) component, and the promoters will not dilute their existing holding through the issue.
According to the draft Red Herring prospectus (DRHP), the company will use the proceeds to repay its debt as well as finance its capacity expansion projects.
JSW Infrastructure has an installed cargo handling capacity of 153.43 million tonnes per annum (MTPA) for multi-commodity cargo including dry bulk, break bulk, liquid bulk, gases and containers.
JSW Infrastructure had a net debt of Rs 2,875 crore as on December 31, 2022.
The company was projected to have a profit after tax (PAT) of Rs 447.2 crore and earnings before interest, tax, depreciation and amortization (EBITDA) of Rs 1,268.6 crore in October-December 2022-23.
JM Financial Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, DAM Capital Advisors Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited. Book Running Lead Managers.
The Equity Shares are proposed to be listed on BSE and NSE.
Besides this, JSW Group owned by Sajjan Jindal is also into Cement, Paints, Venture Capital and Sports.