On Tuesday, JSW Infrastructure Ltd., the second-largest commercial port operator in India, made a strong debut on the National Stock Exchange and BSE. The company's initial public offering (IPO), which was subscribed an impressive 37.37 times, opened at a premium of 20.17% from its initial price. The shares started trading at ₹143, up from the IPO price of ₹119.
Prior to its listing, JSW Infrastructure had raised ₹1,260 crore (INR100 crore = approx. USD12 million) from anchor investors. These included significant financial players such as the Government of Singapore, SBI Mutual Fund, and Aditya Birla Sun Life Insurance.
The company operates nine port concessions and has a cargo handling capacity of 158.43 million tonnes per annum (MTPA). In recent times, it has handled cargo volumes of 92.83 million metric tonnes (MMT), which positions it as one of the fastest-growing entities in its sector.
The capital raised from the IPO is expected to help JSW Infrastructure continue its growth journey and further strengthen its operations across India's bustling ports sector.
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