iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

JSW Infrastructure Attracts Rs 1260 Crore from Anchor Investor Interest Ahead of IPO

23 Sept 2023 , 09:42 PM

JSW Infrastructure, a company owned by Sajjan Jindal, successfully secured Rs 1,260 crore in investments from 65 anchor investors on September 22, one day ahead of the issue opening.

The anchor book witnessed participation from prestigious global investors such as the Government of Singapore, Monetary Authority of Singapore, Morgan Stanley, Fullerton, HSBC Trustee, TA Global, The Master Trust Bank of Japan, Cohesion MK Best Ideas, Goldman Sachs, Theleme India Master Fund, BNP Paribas Arbitrage – ODI, and Principal Global. 

Additionally, well-known domestic investors, including Abakkus (owned by Sunil Singhania), LIC Mutual Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon Life India, Aditya Birla Sun Life Trustee, SBI Life Insurance Company, Sundaram Mutual Fund, UTI Mutual Fund, Tata Mutual Fund, Max Life Insurance Company, Bajaj Allianz Life Insurance Company, and SBI General Insurance Company, participated in the anchor book.

JSW Infrastructure confirmed the allocation of 10,58,82,352 equity shares to anchor investors at a price of Rs 119 per share in its filing to stock exchanges. This strong anchor investor participation signals confidence in the diversified maritime ports company.

The company’s public issue, valued at Rs 2,800 crore, solely consists of a fresh issuance of shares, with no offer-for-sale component. This marks the first IPO from the JSW Group in 13 years, with the last one taking place in 2010 when the conglomerate separately listed its energy business.

The price range for this offering, which commences on September 25 and concludes on September 27, has been set at Rs 113-119 per share.

JSW Infrastructure, known for its rapid growth in installed cargo handling capacity and cargo volumes handled, plans to utilize the net proceeds from the fresh issue to repay debts amounting to Rs 880 crore. Additionally, Rs 1,029.04 crore will be allocated for expansion and upgrade projects at Jaigarh Port, which is owned by its subsidiary, JSW Jaigarh Port. The remaining funds will be directed towards general corporate purposes.

JSW Infrastructure has demonstrated strong financial performance, with profits growing by 126.8 percent year-on-year to reach Rs 749.5 crore for the fiscal year ending in March FY23. During the same period, revenue from operations saw a robust increase of 40.5 percent, reaching Rs 3,194.7 crore.

jsw infra

Related Tags

  • JSW Infrastructure
  • JSW Infrastructure anchor book
  • JSW Infrastructure gmp
  • JSW Infrastructure gmp today
  • JSW infrastructure IPO
  • JSW Infrastructure ipo anchor investors
  • JSW Infrastructure subscription
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Indian markets close on a positive note
14 Jun 2024|06:41 PM
Sensex and Nifty Surge
14 Jun 2024|06:43 PM
LIC stock price up by more than 5% today
14 Jun 2024|06:44 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.