The lot size was 126 shares and in multiples thereof, which means the minimum and maximum investment amount for retail investors was ₹14,994 and ₹194,922, respectively. As per SEBI norms, a retail investor is limited to invest only up to ₹2 lakh.

The IPO of JSW Infra was completely a fresh issue of 23.53 crore shares. The company intends to use the capital raised from the public issue for repaying debts and expansion of Jaigarh Port, owned by its subsidiary, JSW Jaigarh Port. As per the offer document, it will use ₹880 crore for debt repayment, and ₹1,029.04 crore for expansion of Jaigarh Port. A part of the fund will also be used to invest in the subsidiary, JSW Mangalore Container, as part of the expansion of the Mangalore port franchise.

Ahead of the IPO, JSW Infra raised ₹1,260 crore through allotment of 10.58 crore shares to anchor investors at Rs 119 apiece, which saw participation from 11 mutual funds through a total of 28 schemes.

Established in 2006, JSW Infrastructure provides maritime-related services such as cargo handling, storage solutions, and logistics support services. Sajjan Jindal Family Trust owns 90.91% stake in the port-related infrastructure company, while JSW Infrastructure Employees Welfare Trust, JSL, and Siddeshwari Tradex hold remaining 9.08% shares in the firm. Post listing, promoters’ stake in the company will come down to 85.62%.

On the financial front, the company posted a 126.8% growth in net profit at ₹749.5 crore for the financial year ended March 2023 (FY23) as compared to ₹330.44 crore in the last fiscal (FY22). The revenue from operations jumped 41.7% to ₹3,372.85 crore versus ₹2,378.74 crore in the year ago period.

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JSW Infrastructure listing

JSW Infrastructure shares list at 20% premium over IPO price