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JSW Infrastructure successfully raised ₹6555 crore through the QIP

ICICIdirect Research 02 Jul 2026 DISCLAIMER

News:  JSW Infrastructure successfully raised ₹6555 crore through the QIP. Along with QIP promoters also offered shares worth ₹947 crore taking the total QIP of ~₹7500 crore. It received a rohbust response for the QIP with 6.7x bids of total QIP size amounting more than ₹50000 crore. The strong interest from International and Domestic Financial Institutions came on the back of strong multi year capex plan of ₹39000 crore by the company. 

View: The strong response to the QIP portrays investor approval for the expansion the company is undertaking over the near term it plans to invest ₹16500 crore in Ports business and ₹9000 crore in the logistics and GCT (Gati Shakti Cargo terminal) business. The strong response from investors sets aside concerns of Promoter stake dilution. We believe the company revenue and EBITDA to grow at a CAGR of 18.7% and 19% over FY26-FY28E.

Impact: Positive

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