JSW Infrastructure Limited hit a day high of Rs 318.40 on 23 June after launching a Rs 7,503 crore share sale the previous evening.

The offer has two parts. The company itself is raising Rs 6,555 crore by issuing fresh shares to institutional investors. Alongside that, the Sajjan Jindal Family Trust is selling shares worth Rs 948 crore through an offer for sale.

Together, the two make up a Rs 7,503 crore deal. The shares are being offered to institutional investors at an indicative price of Rs 285 each. That works out to a discount of about 7.2% to Monday’s closing price of Rs 307.05.

There is also a regulatory floor price of Rs 290.35, and the company has the option to offer a further discount of up to 5% on that floor, depending on demand. The promoter sale is not just about raising money.

SEBI requires companies to have at least 25% public shareholding within three years of listing. JSW Infrastructure listed in October 2023, so the clock is ticking. The Trust’s share sale moves the needle on that compliance requirement.

Money raised from the fresh issue will go towards port expansion projects, repaying some existing debt, and funding potential acquisitions.

On the business front, the company is in the middle of a Rs 30,000 crore capital expenditure cycle running from FY25 to FY30, with Rs 16,500 crore of that earmarked through FY28 alone.

While revenue from operations in Q4 FY26 climbed 18.6% year-on-year to Rs 1,522.3 crore, net profit slipped 17.9% to Rs 418.3 crore, impacted by a Rs 68 crore exceptional loss related to a fire incident.

At 14:06 pm on NSE, JSWINFRA was trading at Rs 315.30, up 2.69% on the day. The stock has gained over 15% in the past month.

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