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JSW One Platforms Files DRHP for Proposed IPO
JSW One Platforms wants to sell shares to the public.
It has filed draft IPO documents with SEBI.
The company may first raise up to Rs 260 crore from selected investors before the IPO.
If it does this, the main IPO share sale will become smaller.
The company plans to spend some IPO money on advertising and building its brand.
It also wants to add money to its finance business and improve its technology platform.
JSW One Platforms lost money in the year ended March 2026, but its loss became smaller than the year before.
Its revenue increased significantly during that year.
JSW One Platforms filed a draft red herring prospectus with SEBI for a proposed initial public offering.
The company may raise up to Rs 260 crore through a pre-IPO placement, which could reduce the fresh issue size.
IPO proceeds would include Rs 125 crore for marketing, Rs 500 crore for JSW One Finance, and Rs 350 crore for technology development.
Promoters held an 81.52% stake when the draft papers were filed, while Mitsui & Co held 7.01%.
Revenue rose 45% to Rs 5,743.4 crore in the financial year ended March 2026, while the annual loss narrowed to Rs 106.4 crore.
- Who
- JSW One Platforms, backed by Sajjan Jindal, filed the draft IPO documents; SEBI is the regulator receiving them.
- What
- The company filed a draft red herring prospectus for a proposed IPO and may conduct a pre-IPO placement of up to Rs 260 crore.
- Where
- The filing was made with SEBI in India.
- When
- The filing was made before the quarter ended June 2026; the reported financial year ended March 2026.
- Why
- The company plans to raise funds for marketing, finance-business capital, technology and platform development, and general corporate purposes.
Key facts
- Possible pre-IPO placement
- Up to Rs 260 crore
- Promoter stake
- 81.52% at the time of filing
- FY2026 revenue
- Rs 5,743.4 crore, up 45% from Rs 3,962.8 crore
- FY2026 loss
- Rs 106.4 crore, compared with Rs 217 crore in the previous year
- June 2026 quarter revenue
- Rs 1,642.4 crore
- June 2026 quarter profit
- Rs 14.2 crore
- Named IPO merchant bankers
- JM Financial, Kotak Mahindra Capital Company, ICICI Securities, SBI Capital Markets and PL Capital Markets
Sources
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