JSW Infrastructure Makes Impressive Debut on Indian Stock Exchanges

JSW Infrastructure, part of the Sajjan Jindal-led JSW Group, made a noteworthy return to the Indian stock exchanges on Tuesday after a 13-year absence. The company’s shares experienced a significant rise after their listing, resulting in an increase in its market capitalization.

The initial public offering (IPO) raised ₹2,800 crore ($375 million) and was highly oversubscribed, indicating strong interest from both retail and anchor investors. The favorable conditions in the grey market further fueled demand for the shares.

The Sajjan Jindal Family Trust, a key stakeholder in JSW Infrastructure, maintains considerable control over the company. The funds generated from the IPO are intended for debt repayment and the expansion of JSW Jaigarh Port.

JSW Infrastructure has demonstrated impressive financial performance, with net profit skyrocketing by 126.8%. This robust financial growth and successful listing highlight the company’s strong position within India’s infrastructure sector.

This article was generated with the support of AI and reviewed by an editor.