JSW Infrastructure, a component of the Sajjan Jindal-led JSW Group, marked a triumphant return to the Indian stock exchanges on Tuesday, following a hiatus of 13 years. The company's shares saw a substantial uptick post-listing, leading to an increase in its market capitalization.
The initial public offering (IPO) of ₹2,800 crore ($375 million) was heavily oversubscribed, reflecting strong interest from retail and anchor investors. The favorable conditions in the grey market also contributed to the high demand for the company's shares.
The Sajjan Jindal Family Trust, a major stakeholder in JSW Infrastructure, continues to hold considerable control over the company. The funds raised through the IPO are earmarked for debt repayment and the expansion of JSW Jaigarh Port.
JSW Infrastructure has shown a robust financial performance with net profit surging by 126.8%. This strong financial growth and successful listing underscore the company's solid standing in India's infrastructure sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.