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

JSW One Platforms Ltd, a B2B technology platform serving manufacturing and construction industries, has filed documents with SEBI to potentially raise up to Rs 3,054 crore through an initial public offering. The IPO will consist of a new equity share issuance of up to Rs 1,300 crore and an Offer For Sale of up to Rs 1,754.01 crore, according to the recently filed draft prospectus.

The proceeds from the fresh share issue will be allocated towards marketing and branding for JSW One Distribution Ltd, capital augmentation for JSW One Finance Ltd, and technology development for the platform. The company plans to utilize the remaining funds for general corporate purposes. As of the end of June 2026, JSW One Platforms had 95,611 registered customers, 1,713 sellers, and 165 brands operating within 6,963 serviced locations.

The company's revenue from operations grew by 44.93% to Rs 5,743.39 crore in fiscal 2026, while gross merchandise value reached Rs 18,596.91 crore. The B2B trade in India is valued at approximately $2 trillion, with the manufacturing products market estimated at Rs 8.84 lakh crore and construction products at Rs 11.30 lakh crore.

Digital penetration of B2B commerce in these sectors stands at around 3% in fiscal 2026, presenting a significant opportunity for further digitization.