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JSW Infrastructure Launches Rs 7,503 Crore QIP at Rs 290.35 Floor Price

The company says proceeds will fund port and logistics expansion to scale operations.

To recall, the board of directors of JSW Infra had on February 20 approved raising of funds through issuance of up to 25,00,00,000 shares.
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Overview

  • The QIP and a promoter offer-for-sale kicked off Tuesday with a combined 26,32,52,427 shares split into up to 23,00,00,000 fresh shares and up to 3,32,52,427 shares sold by the Sajjan Jindal Family Trust.
  • JSW Infra’s Finance Committee set the SEBI ICDR floor price at Rs 290.35 per share and the company and promoter may offer a discount of up to 5 percent while market reports cite an indicative issue price of Rs 285.
  • At the floor price the fresh QIP would raise about Rs 6,678 crore and the promoter sale would fetch roughly Rs 965.48 crore, putting total proceeds near Rs 7,503 crore.
  • The market reacted positively to the launch with the stock rising about 4 percent to a high of Rs 318.50 and showing roughly 29 percent gains over the past three months.
  • Operational context and risks include modest FY26 volume growth of about 4 percent, subdued throughput at Paradip and temporary Q4 disruptions tied to the West Asia crisis, while analysts say completed port expansions could boost scale by FY28.