JSW Infrastructure Limited IPO Message Board (Page 39)

JSW operates 2 ports in Maharastra namely Jaigarh port near ratnagiri (contributes 40% of total revenue) & Dharamtar port(contributes 15% of total revenue) near Alibaug. It also operates two %ports in UAE(Fujairah Sea Port entered in 2017 for 10 years, Dibba Terminal entered in 2023 for 5 years) under O&M agreement, both contributes less than 1% of total revenue. Ports contribute 55% of total revenue of the company.
Ports are private commercial port in which company has freedom of pricing & commodity to be handled in which company is given water front and they have to develop it completely from a to z. In ports Investment is bigger as well as EBITDA margin is bigger as well.

It operates 7 terminals which is highest by any port company in Bharat.
Terminals are provided on major ports of government. Government has 12 major ports in Bharat where they invite private players and give rights to develop berth and ask to invest on terminals. The whole infrastructure of port is of govt in which company has to only invest on terminal. Many times these terminals are also developed by the govt but when it gets old then govt invites private players to modernise, invest & mechanise and efficiently run those terminals and allotted on the basis of bidding process. In these terminals private players bid on the basis of revenue sharing and even pricing is fixed by government. The one who gives highest revenue sharing to government are given those terminals. This is why they can't undercharge group companies on terminals. Group companies contributes more than 50% of total revenue of JSW port in which JSW steel solely contributes 40% of total revenue of JSW port.

JSW has to share 37% of it terminal revenue with government & terminal contributes 45% of total revenue of government. Higher terminal revenue drags margin for JSW in comparision to Adani ports which mainly focus in commercial ports & lesser terminals.
Q1 FY 24 Ebidta margin of JSW port was 56% whereas of Adani port of 66%.

In netshell Ports need bigger investment, gestation period and earn major revenue & bigger ebitda margin whereas terminals need lesser investment, revenue sharing with govt and lesser ebidta margin.

JSW has 158 MTPA capacity in Bharat, plus 2 ports of 41 MTPA under O&M in UAE.
The company plans to increase capacity at 10% CAGR, to 300 MT by FY30, both organically and inorganically.
Organic expansion planned includes:

(i) 2 MTPA LPG terminal at Jaigarh port from IPO proceeds.(ii) 52 MTPA greenfield port at Jatadhar, Odisha. It will cater JSW steel plant of 13 MTPA greenfield steel plant.
(iii) 30 MTPA greenfield port at Keni, Karnataka.

Jatadhar and Keni capex is not planned from IPO proceeds, may be completed from Internal accrual or fresh debt or mix of both.
Over the next two years, both JSW steel and JSW Energy are expanding capacities by 32% and 100% respectively. This gives good visibility and stability of earning for JSW port as well.

The port business has very long gestation period. It takes 3-4 years to build port and next 3-4 years to enhance port capabilities and recover interest cost and break-even.

Thanks.

Applied 2- Shni (first attempt)
Looking for 2 more by tomorrow (Shni)
+
1 retail

This one too for subsidiaries. To get clear picture they should provide standalone statements of each subsidiary in the prospectus.

​@Agrawal S And what about subscription ratio for BHNI sir?

IREDA to officially start IPO campaigns from Tomorrow .

So clear cut indications of IPO soon
Approx. In next 50 days

Also Innova captab to hit soon

Yesterday read article on MC about
Emcure Pharma DRHP refiling

OYO to start final procedures soon

Also TATA Tech is going to have a meeting about IPO next week

So big developments in Primary Market happening

Also, 1. Fincare SFB 2.Western Carriers IPO gets SEBI nod

And WAPCOS withdraws IPO

Will update that list after any company Files DRHP

Any review from capital market?
I didn't find anything here

46 may subscribe

Guys
BHNI kitna time subscribe oh sakta hai.

Thanks to reply sir

5-7x max

Should we go for listing gain or Long term. plz guide seniors@newgen consultancy @Jetha Lal

Can go For both

Like Apply for IPO , if got allotted
Book half amount
And hold remaining

Or

Book Full Quantity
They buy on dips for long term

I would suggest to go long term but holding period 6m +
And 15 % listing gains are on cards

​@Bhavesh Darji Ji
i don't know how much it will give on listing but it would be a good infra & port company to own in your portfolio over long term.

Comments from esteemed members are invited......

No doubt for long term. India does not even have a port (by capacity) in top 20 of the world ports. So there is headroom for growth considering China+1. Ofcourse its easier said than done. This issue would be a slow burner

​@Nifty Singh Ji
Wonderful presentation and your effort is really appreciated.

It only needed few corrections like JSW doesn't operates 10 ports whereas they operates only two ports in India which contributes 55% of total revenue and two ports in UAE on O&M basis, one started in 2017 for 10 years & another in 2023 for 5 years, both contribute less than 1% of total revenue of JSW port.
It operates 7 terminals in Bharat. Port & terminals are two different things, port consists many terminals and i have explained in detail in one of post here today.

Post issue promoter will have ~86% holding in the company. There is total dilution of 11% of equity in the IPO.

Keep posting and superb work nifty singh ji.

Thanks:)

Msg after long time. A must apply IPO. Hope friends are enjoying SENCO GOLD ride.

😹😹😹

Basically NSE,BSE ko pata chal gaya hain ki retail walo ke pass bohot paisa hain. All these things to bring that money in. Probability is against for those who trade in FnO. The sooner they realize the better. ( there are outliers in this, which make good money though)

Your delta corp comment was epic. Ultimate sir ji🤣

Expected SHIN subscription please?

4.50-6x

Thank you.
So here is the good chance of allotment.

Can we withdraw our bHNI/sHNI application before the IPO closes?

Sirji, hni applications cannot be withdrawn. It can only be revised. If you are firm about cancellation, bid 1 retail to cancel out both applications.

No withdrawal, only upward revision is allowed.
If you want to cancel, put another retail/hni application with same PAN. Its a workround and will get technically rejected by registrar during allotment process.

Does anyone has an account with Shoonya? please advise is it good?

yes i'm using shoonya for a year now
mobile is very good
web is fine, gets the job done but lags sometimes which is fine for me
they also provide desktop NEST app which is superb.
I never had any issues with finvasia shoonya, also support at shoonya is good.

Shoonya is old school web and app
It has bugs and few times server issue too
But they don't charge anything such as brokerage or any other charges which is good
What I do is I hold two more broker's
Which I use for investment (dhan)
For chart analysis (fyers)
Take real trade and working on algo in ( shoonya)

Can we use deceased/died person dmat & bank account? No... Ok.. If yes than is there any consequences? Deceased person is my grandmother and i have access of her bank account and dmat account so recently she died so i was confusion about to use her bank account and dmat account after her.. I haven't done any transactions after her death but want to know that what if I use her account than?

​@QIB if you dont want to go through legal process then do this.
if there are any shares in holdings sell and withdraw amount, close fd if any, and withdraw all amount from bank account and leave it for few years, bank will automatically close the account.

​​@GrayIsTheNewBlack 
1) demate account holding were going down ( I mean stock prices)
2) Account will go to dormant status, if we don't do any transactions with account.
I did not have any other problem

which combination would be better for allotment?
1. all retail
2. all bhni
i can go for 6 lots bhni/retail

i would have gone All BHNIs

Axis ASBA me investor category me only RII-Individuals show ho raha he
Kya me is me SHNI ki bid kar sakta hu?
Pls help me.

Third party ASBA allowed h kya??

Third party ASBA allowed h kya?

Experts, whats your view on SHNI subs here?

Expecting above 15x

Will apply. SHNI may be about 20× .

GMP : 23 Buyer ( New High )

Gmp on fire apply with FF 23-24🔥🔥