JSW Infrastructure Ltd completed a ₹7,503 crore Qualified Institutions Placement (QIP) on July 1, 2026, with shares closing at ₹330.90 on the NSE — up 2.72 per cent from the previous close of ₹322.15 — as the market responded positively to the fundraise.
The QIP is notable for being the first transaction in India to combine a primary issuance and a promoter offer for sale within a single QIP structure. Of the total amount raised, ₹6,555 crore came through a primary issuance by the company, with the remainder from the promoter selling shareholder.
The issue attracted bids of approximately ₹50,530 crore, representing roughly 6.7 times the offer size. Investors included global institutions such as FMR, Capital Group, and BlackRock, alongside domestic mutual funds including HDFC Mutual Fund and SBI Mutual Fund.
The company said proceeds from the primary issuance will support its ₹39,000 crore multi-year capital expenditure programme and help meet minimum public shareholding requirements. JSW Infrastructure, currently operating 13 port concessions with a cargo-handling capacity of 183 million tonnes per annum (MTPA), has targeted expansion to 400 MTPA by 2030.
Joint Managing Director and CEO Rinkesh Roy said the capital would support port capacity expansion and logistics network development. CFO Nagarajan J described the participation as a reflection of investor confidence in the company’s growth trajectory.
JM Financial, Avendus Capital, Citigroup Global Markets India, HSBC Securities and Capital Markets (India), SBI Capital Markets, and Jefferies India acted as book running lead managers. Khaitan & Co. advised the company and the selling shareholder, while Trilegal and Linklaters Singapore advised the bankers.
JSW Infrastructure, listed since October 2023, carries a market capitalisation of approximately ₹77,100 crore and trades at a trailing P/E of 48.52.