Key Points
The IPO, which is entirely a fresh equity issue of Rs 2,800 crore, was subscribed 37 times at close.ETMarkets.com..
After a robust response to the IPO, the shares of JSW Infrastructure debuted at a premium of 20.2% on Tuesday..
"Since the company enjoys a strong parentage of JSW Group which has a presence in various sectors in India and offers customer stickiness in the long term, we believe the IPO is reasonably priced..
JSW Infrastructure is the fastest growing port-related infra company in terms of growth in installed cargo handling capacity and cargo volumes handled during FY21-23, and the second largest domestic commercial port operator by cargo handling capacity in FY23...
"In addition to partnering with JSW Group customers to pursue their growth strategies, they have diversified their customer base to include third-party customers across geographies and have expanded their cargo mix by leveraging their locational advantage and maximizing asset utilization," Shah added...
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