Infrastructure Company Closes Rs 7,503 Crore QIP and OFS at Rs 285 Per Share
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JSW Infrastructure raised approximately Rs 6,555 crore through a Qualified Institutions Placement, while promoter Sajjan Jindal Family Trust sold shares worth around Rs 948 crore through an Offer for Sale.
✨ Key Takeaways
On Thursday, Indian benchmark indices ended marginally higher, with the Nifty 50 gaining 34.35 points, or 0.14 per cent, to close at 24,056. Amid the positive market sentiment, shares of JSW Infrastructure Limited closed at Rs 329.90, down 2.51 per cent from the previous close after the company announced the successful closure of its Qualified Institutions Placement (QIP) and Offer for Sale (OFS).
JSW Infrastructure Concludes QIP and OFS
JSW Infrastructure Limited informed the stock exchanges that its Finance Committee has approved the closure of the combined Qualified Institutions Placement and Offer for Sale on June 25, 2026. The transaction was completed after the company received application forms and funds from eligible Qualified Institutional Buyers (QIBs) in accordance with the offer terms.
Offer Price Fixed at Rs 285 Per Share
The Finance Committee approved an offer price of Rs 285 per equity share of face value Rs 2 each for both the QIP and the promoter Offer for Sale. The issue price represents a discount of Rs 5.35 per share, or 1.84 per cent, to the floor price of Rs 290.35 determined under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The offer price also includes a premium of Rs 283 per share over the face value.
Company Raises Around Rs 7,503 Crore
The committee approved the allotment of 23 crore equity shares under the Qualified Institutions Placement, enabling the company to raise approximately Rs 6,555 crore in fresh capital. In addition, Sajjan Jindal Family Trust, the promoter selling shareholder, transferred 3,32,52,427 equity shares through the Offer for Sale. Based on the offer price of Rs 285 per share, the OFS size works out to approximately Rs 948 crore. With both components combined, the total transaction size stands at approximately Rs 7,503 crore.
The Finance Committee also approved the Placement Document dated June 25, 2026, and authorised the issuance of Confirmation of Allocation Notes to eligible Qualified Institutional Buyers.
About the Company
JSW Infrastructure Limited is one of India's leading commercial port operators and is part of the diversified JSW Group. The company provides port infrastructure and maritime Logistics services, including cargo handling, storage and terminal operations across multiple ports in India.
Also Read - Promoter Group Sells 197,082 Shares in India Power Corporation Amid CIRP; Stock Slips 1%
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Disclaimer: The article is for informational purposes only and not investment advice.