"Must-have stock": Check Anil Singhvi's recommendation on JSW Infrastructure IPO

JSW Infrastructure IPO, Anil Singhvi's view on JSW Infrastructure: The Initial Public Offering (IPO) of JSW Infrastructure, a part of the JSW Group, is open for subscription. The IPO was subscribed 43 per cent on the first day of subscription on Monday i.e. September 25. According to data available on the National Stock Exchange (NSE), the initial share sale received bids for 5,82,62,148 shares against 13,62,83,186 shares on offer.

Anil Singhvi's Views on JSW Infrastructure IPO

According to Zee Business Managing Editor Anil Singhvi, this is a "must-have stock".

"Subscribe for small listing gains. There are chances of a good listing. However, this is a must-have stock in the portfolio and good for long-term investment," Singhvi said.

ALSO READ | JSW Infrastructure IPO opens for subscription: Check price band, lot size, share listing date and time on NSE, BSE

Singhvi is of the view that the valuation of the company is reasonable and it has the capacity to double its performance in the next 2-3 years. 

"JSW Infrastructure is the only third port, after Adani Port and Gujarat Pipavav Port, to be listed on the exchanges. The valuation of the company is reasonable, it is neither very attractive nor to costly. So keep this stock for at least 2-3 years.  

#IPOAlert : कल खुला JSW इंफ्रा का IPO, अब तक 58% भरा...

प्राइस बैंड : ₹113-119/शेयर

कंपनी में क्या है खास?#Investors इसे अपने पोर्टफोलियो में क्यों जरुर शामिल करें?

कहां पर लगाएं स्टॉपलॉस?

जानें #jswinfraIPO पर @AnilSinghvi_ की राय#StockMarket #Investment #jswinfra pic.twitter.com/dj8V5b97As

— Zee Business (@ZeeBusiness) September 26, 2023

JSW Infrastructure IPO: Positive 

It is part of the JSW group so it has strong promoters 

The financial track record is quiet with exceptional growth and stable performance. 

In the coming days, it has a good growth outlook as capacity utilisation is growing and they will soon have several greenfield and brownfield projects. They are also increasing the capacity of their existing terminals. 

Also, the port and terminal business is not an easy one so not everyone can enter into this. So this is also in the company's favour. 

JSW Infrastructure IPO: Negative 

After this IPO, 85.5 per cent shares will still remain with the promoters. 

55 per cent of the business still comes from the companies of the group. 

Meanwhile, the initial share sale received bids for 5,82,62,148 shares against 13,62,83,186 shares on offer, according to NSE data.

The category for retail individual investors was subscribed 1.38 times while the quota for non-institutional investors received a 60 per cent subscription. The portion for Qualified Institutional Buyers (QIBs) got a 3 per cent subscription. The IPO of up to Rs 2,800 crore is in a price range of Rs 113-119 a share.  

JSW Infrastructure IPO: Allotment Date, Subscription Status Link

JSW Infrastructure IPO allotment will be finalised by October 3. Eligible investors will get the shares in their demat accounts by October 5. 

Those who want to check the subscription status can do so by visiting the official website of KFin Technologies Limited, which is the official registrar of the JSW Infrastructure IPO. The direct link to check IPO subscription status is - https://rti.kfintech.com/ipostatus/. 

The Initiation of refunds will take place by October 4.

JSW Infrastructure IPO: Listing Date

The shares of JSW Infrastructure are expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 6.