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JSW Infrastructure edges higher after board approves opening of QIP issue

23-Jun-26 14:31 Hrs IST

The Committee has fixed the floor price at Rs 290.35 per equity share. The floor price is at a discount of 5.50% to the scrip's previous closing price of Rs 307.25 recorded on the BSE on Monday (22 June 2026).

JSW Infrastructure stated that the offer shall comprises of a fresh issue of up to 23,00,00,000 equity shares by the company through a qualified institutions placement, and an offer for sale of upto 3,32,52,427 equity shares by the promoter selling shareholder.

The company may offer a discount of not more than 5% on the floor price for the issue. The issue price will be determined in consultation with the bookrunning lead managers appointed for the issue.

In its draft placement document, the company stated that it proposes to utilise the net proceeds from the issue for financing capital expenditure requirements through investment in subsidiaries, for the development of ongoing projects of subsidiaries; pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the company and certain of subsidiaries through investment in such subsidiaries; funding strategic investments and inorganic growth through unidentified acquisitions and general corporate purposes.

JSW Infrastructure, a part of JSW Group, is the second largest commercial port operator in India in terms of cargo handling capacity. It develops and operates ports and port terminals pursuant to port concessions.

The company's consolidated net profit fell 17.82% to Rs 423.67 crore on 18.63% revenue from operations to Rs 1,522.34 crore in Q4 FY26 over Q4 FY25.

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