On Wednesday, Indian commercial port operator JSW Infrastructure Ltd. filed a draft prospectus for an IPO for up to 28 billion rupees ($342.4 million).
The business will issue new equity shares and utilize the IPO proceeds to reduce debt and support unit capital expenditure.
Their website shows JSW Infra has ports in Maharashtra, Odisha, and Karnataka with 153.43 million tonnes of cargo handling capacity.
Domestic listings are down, prompting the IPO file. Due to worries about company valuations, profitability, and global market volatility, the IPO market has declined since 2021.
Fabindia, Joyalukkas, Mamaearth, and Snapdeal have canceled their IPO preparations in the past six months, largely due to turbulent stock markets.
On Tuesday, condom producer Mankind Pharma (MNKI.NS) rose sharply.
JM Financial, Axis Capital, SBI Capital Markets, HSBC, and Credit Suisse Securities (India) head JSW Infra’s bookrunning.
