Announced Fri, 17 Jul · 14:49 IST
JSW Steel to sell up to Rs 811 cr stake in JSW One Platforms via IPO
JSWSTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.4%1-day move
₹1223.70
prior close
₹1239.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.1-0.0-0.3+2.4+3.5+3.4+2.1+1.4—————
Up moveDown movePending
AI summary
JSW Steel board approved offering part of its stake in JSW One Platforms Ltd (JOPL) via JOPL's upcoming IPO, as a promoter selling shareholder. The offer for sale is up to Rs 811 crores. JOPL's share of profit in JSW Steel's FY26 was a loss of about Rs 90 crores (around 0.35 percent of consolidated profit after tax). JSW Steel's net worth exposure to JOPL is Rs 68 crores, roughly 0.06 percent of consolidated net worth. IPO price and timeline are yet to be decided.
Likely market impact
Minor financial impact as JOPL is a small subsidiary. The IPO may unlock value and give a market price for JSW Steel's remaining stake.