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Reading: JSW Group is launching a new IPO after 13 years, price band fixed at Rs 113 to Rs 119.
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JSW Group is launching a new IPO after 13 years, price band fixed at Rs 113 to Rs 119.

Team Happen Recently
Last updated: 2023/09/18 at 4:27 PM
Team Happen Recently
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 JSW infrastructure IPO JSW Group company JSW Infrastructure Limited IPO is going to open on 25th September.  Its price band has been fixed at Rs 113 to Rs 119.  JSW Infrastructure will be the third IPO from JSW Group.  Before this, JSW Group had brought the IPO of JSW Energy Limited 13 years ago in 2010.

JSW Infrastructure Limited IPO is going to open on September 25 on behalf of Jindal Group, India’s largest business conglomerate.  This IPO will remain open till 27th September.  This information was given by the company on Monday.  Its price band has been fixed at Rs 113 to Rs 119.

 The company led by Sajjan Jindal, one of India’s biggest businessmen, is going to raise Rs 2800 crore through IPO.  According to the information, this entire IPO will be a fresh issue.  Majority of the shares are held by Sajjan Jindal and his family.

New IPO from JSW Group coming after 13 years

 JSW Infrastructure will be the third IPO from JSW Group.  Before this, JSW Group had brought the IPO of JSW Energy Limited 13 years ago in 2010.  JSW Group’s business is spread across cement, paint, venture capital and sports.

 JM Financial Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, DAM Capital Advisors Limited, HSBC Securities & Capital Markets (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited Book Running Lead  Is the manager.

JSW infrastructure business

 JSW Infrastructure is the second largest port operator in the country.  The company has a cargo capacity of 158.43 million tonnes.  The company’s cargo volume has seen an increase of 40 percent since FY20 and was 93 million tonnes as of March 31, 2023.

 The company’s profit in FY23 was Rs 750 crore.  At the same time, the topline of the company was Rs 3,195 crore.  At the same time, EBITDA margin was 53 percent.

For more information visit at https://happenrecently.com/zepto/?amp=1

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TAGGED: happenrecenly, IPO, JSW Group

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