Big news for investors! JSW Infrastructure is set to launch its initial public offering (IPO), and the price for each share will be between Rs 113 and Rs 119. If you're wondering what this means, don't worry—we've got you covered!
What's an IPO?
An IPO is like a company's way of saying, "Hey, we want to share our success with you." When a company goes public, it means they're inviting everyone to buy a piece of their business by purchasing shares. And JSW Infrastructure is doing just that!
When and How?
JSW Infra IPO will open for subscription on September 25 and will be available for you to invest in until September 27. It's like a limited-time offer to become a part-owner of this exciting company.
Why is it Special?
This IPO is a big deal because it's the first time JSW Group is doing this in nearly 13 years. That's why everyone's talking about it. They're aiming to raise a whopping Rs 2,800 crore by selling new shares.
JSW Infrastructure: Port Powerhouse
JSW Infrastructure is not your everyday company. It's a superstar in the world of ports! It's been growing like crazy, handling more and more cargo every year. In fact, it's the fastest-growing port-related company when it comes to handling cargo.
From just one port in Goa back in 2002, they've expanded to nine ports all along India's coasts. That means they're involved in the business of moving goods in and out of India through these ports, and they're doing it really well.
Where Will the Money Go?
So, why are they doing this IPO? Well, they plan to use the money they get from selling shares for a few important things. First, they'll pay off some of their debts. Then, they'll use some of it for new projects and other things the company needs to do to keep growing.
Impressive Numbers
JSW Infrastructure is not just a big talker; it's got the numbers to prove it. In the three months ending in June 2023, they made Rs 878 crore in revenue—that's like their paycheck. And guess what? Their profit went up by a whopping 68% during the same time, reaching Rs 322 crore. That's a pretty good deal!
How Can You Join In?
Interested in joining the party? Here's the plan: the IPO will happen through something called a book-building process. About 75% of the shares are set aside for big investors, 15% for regular folks like you, and 10% for smaller investors.
The Team Behind It
There's a whole team of experts working to make this happen. JM Financial, Axis Capital, Credit Suisse Securities, DAM Capital Advisors, HSBC Securities, ICICI Securities, Kotak Mahindra Capital, and SBI Capital are the experts handling the money stuff. And KFin Technologies will help keep track of who owns which shares.
So, mark your calendars for September 25, get ready to invest, and be a part of JSW Infrastructure's exciting journey in the world of ports. It's a chance to be a part-owner of a company that's helping move goods all across India, and that's something to be proud of!