JSW Infrastructure Ltd has successfully completed a ₹7,503 crore Qualified Institutions Placement (QIP), comprising a ₹6,555 crore primary equity issuance and a promoter offer for sale (OFS), marking the first transaction in India to combine both structures within a single QIP.
The company said the funds raised through the primary issue will support its ₹39,000 crore multi-year capital expenditure programme, strengthen its institutional shareholder base, and help meet minimum public shareholding requirements.
The QIP witnessed robust investor demand, receiving subscriptions of 6.7 times and attracting bids worth approximately ₹50,530 crore from domestic and global institutional investors, including mutual funds, insurance companies, pension funds, and foreign institutional investors.
Global investors such as FMR, Capital Group, and BlackRock participated in the issue, alongside leading domestic institutions including HDFC Mutual Fund and SBI Mutual Fund.
Commenting on the fundraising, Rinkesh Roy, Joint Managing Director and CEO of JSW Infrastructure, said the strong response from institutional investors reflects confidence in the company’s growth strategy across ports and logistics.
He added that the fresh capital will enable the company to accelerate its expansion plans, including increasing port handling capacity to 400 million tonnes per annum (MTPA) by FY2030, strengthening its logistics network, and pursuing selective strategic growth opportunities.
The successful fundraising further reinforces JSW Infrastructure’s long-term strategy to expand its integrated ports and logistics business while supporting India’s growing trade and infrastructure requirements.