JSW Infrastructure has released its Monitoring Agency Report for Q2 FY26. The report, issued by CARE Ratings Limited, confirms that the issue proceeds from the company’s IPO are being utilized as disclosed in the offer document. The company has utilized ₹1,948.92 crore out of the total issue proceeds of ₹2,726.13 crore as of September 30, 2025, with the remaining ₹777.21 crore deployed in fixed deposits.
Utilization of IPO Proceeds
JSW Infrastructure’s Monitoring Agency Report for the quarter ended September 30, 2025 (Q2 FY26), confirms that the company is deploying its IPO proceeds in line with the objectives outlined in the offer document. The report, issued by CARE Ratings Limited, provides a detailed breakdown of fund utilization across various projects and general corporate purposes.
Key Highlights from the Report
As of September 30, 2025, JSW Infrastructure has utilized ₹1,948.92 crore out of the total IPO issue size of ₹2,726.13 crore. The remaining ₹777.21 crore has been invested in fixed deposits with various banks. Here’s a breakdown of the key areas of fund deployment:
Project-Wise Expenditure
A significant portion of the funds has been allocated to the prepayment or repayment of outstanding borrowings through investments in its subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Limited, with ₹880.00 crore allocated. Furthermore, ₹229.19 crore has been invested in financing capital expenditure at JSW Jaigarh Port, specifically for the LPG Terminal Project. Approximately ₹14.60 crore has been invested for setting up an electric sub-station and another ₹103.88 crore for the purchase and installation of a dredger.
Investment in Mangalore Container Terminal
JSW Infrastructure has invested ₹55.20 crore in its wholly owned subsidiary, JSW Mangalore Container Terminal Private Limited, for proposed expansion projects.
General Corporate Purposes
A total of ₹666.05 crore has been utilized for general corporate purposes, encompassing strategic acquisitions, including Marine Oil Terminal Corp and PNP Maritime Services Private Limited.
Deployment of Unutilised IPO Proceeds
The unutilised IPO proceeds of ₹777.21 crore have been deployed in fixed deposits with Axis Bank, IndusInd Bank, and Yes Bank with maturity dates ranging from October 2025 to April 2026, earning interest at rates between 4.75% and 7.90%.
Source: BSE
