JSW Infrastructure has released its monitoring agency report for the quarter ending December 31, 2025. The report, issued by CARE Ratings, pertains to the utilization of proceeds from the company’s Initial Public Offering (IPO). The report confirms that the utilization of funds is aligned with the objectives outlined in the offer document. There are no material deviations noted in the allocation of funds as of the reporting period, providing transparency to investors.
IPO Proceeds Monitoring
The monitoring agency report for Q3 2026 (ending December 31, 2025) confirms that JSW Infrastructure is utilizing its IPO proceeds as disclosed in the offer document.
Key Highlights from the Report
Key observations from the CARE Ratings report include:
- All utilization is in line with the disclosures made in the offer document.
- There are no deviations from expenditures disclosed in the Offer Document.
- No changes in the means of finance for the objects of the issue.
- The company prepaid ₹880.00 crore towards certain outstanding borrowings.
Project-Wise Expenditure
The report also provides a breakdown of project-wise expenditure:
- LPG Terminal Project: The company has spent ₹250.22 crore as of December 31, 2025.
- Electric Sub-Station: An expenditure of ₹15.51 crore has been incurred.
- Mangalore Container Terminal Expansion: JSW Infrastructure has spent ₹55.52 crore on the proposed expansion.
Deployment of Unutilized Funds
The company has deployed unutilized IPO proceeds in fixed deposits. As of the end of the quarter, the total amount invested in fixed deposits is ₹754.95 crore across Axis Bank, IndusInd Bank and Yes Bank.
Revised Timelines
The Board has revised the estimated schedule for deployment of net proceeds for certain projects. The completion date for the LPG Terminal Project is now projected for March 2027, while the setting up of the electric sub-station is expected by June 2027.
Source: BSE
