JSW Infra IPO: JSW Infra’s IPO opening on September 25, plans to raise Rs 2800 crore

JSW Infra IPO: JSW Infra’s IPO opening on September 25, plans to raise Rs 2800 crore

JSW Infrastructure IPO:The month of September is very important from the point of view of IPO. IPOs of many big and small companies have come this month. Now the name of JSW Group is also going to be added to this list. JSW Infra, the port company of JSW Group, is preparing to launch its IPO. This IPO of Sajjan Jindal’s company can open on 25th September. According to the report published in Moneycontrol, the company is planning to raise a total of Rs 2800 to 2850 crore through this IPO.

What is the price band of IPO?

The thing to note is that in this IPO the company will issue the entire amount through fresh shares. In such a situation, shares will not be sold through offer for sale. At present the company has not disclosed the price band of this IPO and information about it will be given soon.

Where will the company use the funds?

According to the report published in Money Control, the company will use the Rs 880 crore raised through this IPO to repay its loan. Whereas Rs 1,029.04 crore will be used for the expansion of Jaigarh Port. It is worth noting that till June 2023, the company had a total debt of Rs 4,228.39 crore. Apart from this, the company will use the remaining amount to meet corporate needs. According to reports, in this issue the company has reserved 75 percent share for Qualified Institutional Buyers (QIB), 15 percent for high net individuals and 10 percent for retail investors.

What does the company do

JSW Infra claims that it is the second largest commercial port operator in the country. This company had submitted DHRP to market regulator SEBI on May 9. This JSW Group works in many sectors like steel, energy, infra, energy etc.

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