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JSW Infrastructure files DRHP to raise Rs 2,800 crore via IPO: Reports

May 16, 2023

By: BlinkX Research Team

JSW Infrastructure is planning to raise up to Rs 2,800 crore through the Initial Public Offering (IPO) route, as per media reports. The company has filled the draft red herring prospectus (DRHP) with the capital market regulator Securities and Exchange Board of India (SEBI) in this regard.

JSW Infrastructure will be the third company of the JSW Group to be listed on the bourses after JSW Energy and JSW Steel.

As per media reports, the ports business of the JSW Group has filed the DRHP for its initial public offering with SEBI on May 9, 2023. The company will use the proceeds to retire its debt as well as to fund its capacity expansion projects.

Further, 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.

As of December 31, 2022, JSW Infrastructure had a net debt of Rs 2,875 crore.

On the earning front, the company had a profit after tax (PAT) of Rs 447.2 crore in October-December 2022-23 and Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of Rs 1,268.6 crore.

Source: Media reports