JSW Infrastructure Debuts on Indian Exchanges with a Strong 20.17% Premium

On Tuesday, JSW Infrastructure Ltd., India’s second-largest commercial port operator, made an impressive debut on the National Stock Exchange and BSE. The company’s initial public offering (IPO) was oversubscribed by an impressive 37.37 times and opened at a premium of 20.17% above its initial price. Shares began trading at ₹143, a rise from the IPO price of ₹119.

Before its listing, JSW Infrastructure successfully raised ₹1,260 crore from anchor investors. Noteworthy financial players supporting the offering included the Government of Singapore, SBI Mutual Fund, and Aditya Birla Sun Life Insurance.

JSW Infrastructure currently operates nine port concessions, boasting a cargo handling capacity of 158.43 million tonnes per annum (MTPA). Recently, the company managed cargo volumes of 92.83 million metric tonnes (MMT), making it one of the fastest-growing firms in its sector.

The capital generated from the IPO is anticipated to fuel JSW Infrastructure’s growth trajectory and help bolster its operations within India’s thriving ports sector.