JSW Infrastructure on Monday announced a price band of Rs 113-119 per share for its initial public offering (IPO) that will open for subscription on September 25.
The float is entirely a fresh issue of shares and the company will raise Rs 2,800 crore. Investors can bid for a minimum of 126 equity shares and in multiples of 126 equity shares thereafter.
The IPO will close on September 27. This is the first such share sale from the conglomerate in 13 years after that of JSW Energy in 2010.
JSW Infrastructure is India’s second largest commercial port operator in terms of cargo handling capacity in 2022-23. It had received initial cargo from the JSW group as an anchor customer.
Apart from joining hands with JSW Group customers, to pursue its growth strategies, the company has diversified its customer base to include third-party entities across geographies and has expanded its cargo mix by leveraging its locational advantage and maximizing asset utilization.
As on June 30, its installed cargo handling capacity was 158.43 million tonnes per annum.
The company provides maritime related services, including cargo handling, storage solutions, logistics services, and other value-added services to its customers.
Operations have expanded from one port concession at Mormugao, Goa (acquired by the JSW group in 2002) where it commenced work in 2004, to nine port concessions as of June 30.
