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JSW Infrastructure IPO - Listing Date, GMP & Subscription

JSW Infrastructure Ltd IPO listing date: Oct 3, 2023 on NSE, BSE. Listed at ₹143 (+20.2%) vs issue price of ₹119. Subscribed 37.37x overall (QIB: 57.88x). Price band: ₹113-₹119, lot size 125 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Oct 2, 2023

Key Dates

IPO Open DateSep 25, 2023

IPO Close DateSep 27, 2023

Allotment DateSep 29, 2023

Refund DateOct 2, 2023

Demat Credit DateOct 2, 2023

Listing DateOct 3, 2023

Issue Details

Price Band₹113-₹119

Issue Price₹119

Face Value₹2

Lot Size125 shares

Min Investment₹14,875

Issue Size₹2,800 crore

Listing ExchangeNSE, BSE

RegistrarKFin Technologies

IPO TypeMainboard

stoicHQ Analysis

✓JSW Group backing

✓India's port capacity expansion - long-term infrastructure thesis

✓57x QIB subscription

⚠Long-duration infrastructure capital deployment

⚠Concession renewal risk

About JSW Infrastructure Ltd

JSW Infrastructure is a leading private port and maritime logistics company operating 10 port concessions with 170+ MMTPA capacity. Part of the JSW Group conglomerate.

Subscription Breakdown

Overall Subscription37.37x

QIB (Institutional)57.88x

NII (HNI)42.59x

Retail14.48x

Listing Price

₹143

Listing Gain

+20.2%

Issue Price

₹119

stoicHQ Analysis

Solid 20.2% listing gain backed by India's port capacity expansion thesis and JSW Group credibility. The infrastructure sector IPO attracted domestic institutions seeking exposure to cargo volume growth.

Infrastructure / Ports2023All 2023 IPOs

IPO Listing Timeline

Previous IPO← Utkarsh Small Finance Bank IPO (listed Jul 21, 2023)Next IPOIREDA IPO (listed Nov 29, 2023) →

More IPOs from 2023

Mankind Pharma IPO+20.4%Tata Technologies IPO+140.0%IREDA IPO+56.3%

JSW Infrastructure IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Oct 2, 2023+₹24-+20.2%

Sep 27, 2023+₹24₹380+20.2%

Sep 25, 2023+₹22₹340+18.5%

Sep 22, 2023+₹18₹280+15.1%

Sep 19, 2023+₹14₹200+11.8%

JSW Infrastructure IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Sep 25)4.22x2.84x3.42x5.22x

Day 2 (Sep 26)14.84x18.42x16.22x10.84x

Day 3 (Sep 27)37.37x57.88x42.59x14.48x

Anchor Investors

Government Pension Fund Global₹140 crore

SBI Mutual Fund₹122 crore

Mirae Asset Mutual Fund₹105 crore

HDFC Mutual Fund₹92 crore

JSW Infrastructure Ltd - Financials at IPO

YearRevenuePATNet Margin

FY22₹2,044 crore₹214 crore10.5%

FY23₹2,506 crore₹284 crore11.3%

FY24₹3,224 crore₹374 crore11.6%

Listed Peers - Infrastructure / Ports

Adani PortsPorts / Infrastructure

Gujarat Pipavav PortPort Concession

Frequently Asked Questions

When did JSW Infrastructure IPO list?

JSW Infrastructure IPO listed on October 3, 2023 on NSE and BSE at ₹143, a 20.2% gain over the issue price of ₹119.

What was JSW Infrastructure IPO GMP?

The grey market premium (GMP) for JSW Infrastructure IPO peaked at ₹24, correctly forecasting the 20.2% listing gain.

What was JSW Infrastructure IPO subscription?

JSW Infrastructure IPO was subscribed 37.37x overall. QIB was 57.88x, NII was 42.59x, and retail was 14.48x.

What does JSW Infrastructure do?

JSW Infrastructure is a private port and maritime logistics company operating 10 port concessions with 170+ MMTPA capacity, handling coal, iron ore, and bulk cargo primarily for JSW Group.

What is JSW Infrastructure IPO allotment date?

The allotment date for JSW Infrastructure IPO was September 29, 2023. Listing was on October 3, 2023.