Stories
JSW One Files for Over ’3,000 Crore IPO to Fuel Expansion
C
CNBC TV18•25-09-2026, 00:21
JSW One Files for Over ’3,000 Crore IPO to Fuel Expansion
- •JSW One has submitted documents for an initial public offering exceeding ’3,000 crore ($312.65 million) to strengthen technology, expand user base, and enter new markets.
- •The company plans to use the IPO proceeds to enhance its private-label product range and scale its financing business.
- •Valued at $1 billion in May 2025, JSW One secured additional funding from State Bank of India, Principal Asset Management, and JSW Steel.
- •In FY26, JSW One reported a gross merchandise value of ’18,500 crore, revenue of ’5,300-5,400 crore, and a net profit of ’90 crore.
- •The acquisition of BuildNext, rebranded as JSW One Homes, expands its services to include home design, material sourcing, contractor management, and project execution.
Key Questions Answered
JSW One has submitted documents for an initial public offering (IPO) intended to raise more than ₹3,000 crore, which amounts to approximately $312.65 million.
The company intends to allocate the raised funds to strengthen its technology systems, onboard more platform users, enter new markets, expand private-label product offerings, and scale up its financing business.
JSW One achieved a valuation of around $1 billion in May 2025, with an FY26 gross merchandise value of roughly ₹18,500 crore, estimated revenue between ₹5,300 and ₹5,400 crore, and a net profit of ₹90 crore.
