JSW Infrastructure files a DRHP for its IPO with SEBI

On May 9, 2023, JSW Infrastructure filed a draft red herring prospectus (DRHP) for Rs 28 billion its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). The ports business of Sajjan Jindal-led JSW Group plans to deploy these funds to retire its debt as well as to fund its capacity expansion projects. JSW Infrastructure has an installed cargo handling capacity of 153.43 million tonnes per annum for multi-commodity cargo including dry bulk, break bulk, liquid bulk, gases and containers. The company had a profit after tax of Rs 4.47 billion in October-December 2022-23. Besides, it had net debt of Rs 28.75 billion as of December 2023.