JSW Infrastructure IPO: Latest GMP, Subscription Status, Buy or Not?


JSW Infrastructure IPO: Bidding for the initial public offering (IPO) of JSW Infrastructure Limited was opened on 25 September 2023 and the issue will remain open till 27 September 2023. Book Build Issue has been offered at the price band from 113 119 per equity share and the public issue has been subscribed 0.43 times on the first day of bidding.

According to stock market observers, shares of JSW Infrastructure Ltd are available at a premium 21 in the gray market today.

jsw infrastructure ipo gmp today

According to market observers, JSW Infrastructure IPO today is gray market premium (GMP) 21, which is 4 more than yesterday’s GMP 17. He said the Indian stock market’s four-day decline on Monday could be a possible reason for the increase in gray market sentiments regarding public issues. He said that this sentiment may further improve in case of a reversal in trend on Dalal Street as the market has remained sluggish for about a week.

Click here to read: JSW Infra raised Rs 1,260 crore through anchor investors

The book build issue has been subscribed 0.43 times after a day of bidding. The retail portion of the public offering was subscribed 1.38 times while its NII and QIB portions were subscribed 0.60 times and 0.03 times, respectively.

As of 10:12 am on the third day of bidding, the public issue has been subscribed 0.55 times while its retail portion has been subscribed 1080 times. The public issue in the NII category was subscribed 0.76 times while its QIB portion was subscribed 0.03 times.

JSW Infrastructure IPO: Should you apply?

Giving ‘Subscribe’ tag to JSW Infrastructure IPO for long term, Anand Rathi reports, “JSW Infrastructure Limited is the fastest growing port-related infrastructure and second largest commercial port operator in India, which has strategically located assets close to JSW Group’s customers.” Related Parties) and industrial clusters supported by multi-modal clearance infrastructure and long-term concessions, committed long-term cargo and stable tariffs as well as predictable revenues and profits driven by diversified operations in terms of cargo profile, geography and assets. Get. JSW Group has a strong corporate pedigree and a capable and experienced management team. We believe the company’s valuations are fair and recommend a “Subscribe-Long Term” rating to the IPO.

Click here to read: Manoj Vaibhav Gems IPO: Bidding ends today. GMP, Membership Status, Apply or Not?

Canara Bank Securities has also given a ‘Subscribe’ tag to the book build issue, saying, “The company’s revenue and EBIDTA show growth of 41% and 42% respectively in terms of 2-year CAGR despite decline in EBIDTA margins. “has remained stable at 53%.” FY2022. The issue is available at a P/EPS of 28.88x, which appears to be priced appropriately as the company’s revenue visibility for the future is strong with stable margins. Therefore, we recommend subscribing to the issue for listing benefits and longer term.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before taking any investment decision.

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