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The company’s impressive market capitalization of ₹24,990 crore (INR100 crore = approx. USD12 million) and a price-to-earnings (P/E) ratio of 28.9x for FY23 have further strengthened its position. Backed by the JSW Group, the firm is expected to witness an opening gain of 15-20% on its listing day. Market analysts also anticipate a premium listing at around 20% to the issuance price.
The firm’s successful IPO and its subsequent listing within the T+2 timeline mark a significant milestone in its journey. The strong subscription rate and anticipated premium listing reflect investor confidence in JSW Infrastructure’s prospects, bolstered by its solid financials and backing from the JSW Group.
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