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Business News›Markets›IPOs/FPOs›JSW One Platforms files draft papers for Rs 3,054 crore IPO

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JSW One Platforms files draft papers for Rs 3,054 crore IPO
Synopsis

JSW One Platforms Ltd has submitted its draft documents to SEBI for a substantial IPO, targeting to generate Rs 3,054 crore. This offering comprises a fresh share issue of Rs 1,300 crore alongside an Offer for Sale totaling Rs 1,754.01 crore. Funds raised will enhance marketing, boost capital, upgrade technology, and support various corporate initiatives.

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Reuters

JSW One Platforms Ltd, a technology-enabled B2B platform serving the manufacturing and construction sectors, has filed draft papers with the market regulator SEBI to raise up to Rs 3,054 crore through an initial public offering (IPO).



The proposed IPO comprises a fresh issue of equity shares worth up to Rs 1,300 crore and an Offer for Sale (OFS) of shares worth up to Rs 1,754.01 crore, according to the draft red herring prospectus (DRHP) filed late Thursday night.

The OFS will comprise shares sold by JSW Steel Ltd, JSW Cement Ltd and Mitsui & Co Ltd.



The company plans to use the net proceeds from the fresh issue to invest Rs 125 crore in JSW One Distribution Ltd towards marketing and brand-building activities, Rs 500 crore in JSW One Finance Ltd to augment its capital base and up to Rs 350 crore for technology and platform development.



The remaining proceeds will be used for general corporate purposes.




JSW One Platforms operates an integrated digital platform that connects MSMEs with sellers of manufacturing and construction materials. Its offerings include commerce, embedded financing, logistics, processing and customisation, and private brands.

As of June 30, 2026, the platform had 95,611 registered customers, 1,713 sellers and 165 cumulative brands, with a network spanning 6,963 serviceable pin codes.

The company is supported by 81 logistics partners, 12 contract service centres and 9 contract manufacturers.



Its revenue from operations rose 44.93 per cent to Rs 5,743.39 crore in fiscal 2026 from Rs 3,962.81 crore in the previous fiscal.



Gross merchandise value (GMV) increased to Rs 18,596.91 crore in fiscal 2026 from Rs 12,564.84 crore in fiscal 2025.



For the three months ended June 30, 2026, the company reported revenue from operations of Rs 1,642.45 crore, while profit after tax stood at Rs 14.21 crore. Its GMV was Rs 5,949.73 crore.



According to the 1Lattice Industry Report, India's B2B trade is estimated at around USD 2 trillion. The addressable market for manufacturing products was estimated at Rs 8.84 lakh crore in fiscal 2026, while the market for construction products was around Rs 11.30 lakh crore.



Digital penetration of B2B commerce across India's manufacturing and construction sectors stood at around 3 per cent in fiscal 2026E, indicating significant scope for further digitisation, the report said.



JM Financial, Kotak Mahindra Capital Company, ICICI Securities, SBI Capital Markets and PL Capital Markets are the book-running lead managers for the issue, while KFin Technologies is the registrar for the offer.

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Read More News on
JSW One Platforms IPOJSW Steel Limitedconstruction sectorsJSW One Finance LtdJSW One Platforms Ltdjsw cement ltdjsw steel ltdjm financialkfin technologies

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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