JSW Cement Limited IPO
MainboardCement & Cement Products
Listed On: Aug 14, 2025 at ₹ 153.50(NSE)
₹ 14994 /102 Shares
Check AllotmentPrice Summary
Last Closing
151.10 (2.79%)52 Week High
162.1552 Week Low
143.95Last Update
18-Sep-2025 3:30 PMJSW Cement IPO Live Subscription Details
Bids below ₹10L: 7.80x
NII Total: 10.97
07 Aug, 2025
Open Date11 Aug, 2025
Close Date12 Aug, 2025
Allotment Date14 Aug, 2025
Listing DateIssue Price
₹139-147 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
153.50(NSE)Listing Date
2025-08-14Market Lot
Retail : 102 Shares (₹14,994/-)S-HNI : 1,428 Shares (₹2,09,916/-)
B-HNI : 6,834 Shares (₹10,04,598/-)
Lead Manager
Jm Financial LimitedAxis Capital Limited
Citigroup Global Markets India Private Limited
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
Goldman Sachs (India) Securities Private Limited
Jefferies India Private Limited
Kotak Mahindra Capital Company Limited
SBI Capital Markets Limited
Issue Size
Total 3600.00 Cr :#Fresh Issue : 10,88,43,537 shares(aggregating up to ₹1600.00 Cr) +
#OFS : 13,60,54,421 shares of ₹10(aggregating up to ₹2000.00 Cr)
Retail Portion
35% (Number of Retail Applications: 8,40,336 Approx),(Number of S-HNI Applications : 8,575 Approx),
(Number of B-HNI Applications : 17,150 Approx)
Subscription
7.76 timesJSW Cement IPO Details
JSW Cement IPO is a book-built issue of ₹3600 crores, The total issue size is ₹3600 crores. The IPO of JSW Cement is priced at ₹139-147 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Aug 7, 2025 and ends on Aug 11, 2025. The allotment for JSW Cement IPO will be finalized on Aug 12, 2025. JSW Cement IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 14, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
Retail investors can bid for a minimum of 102 shares, extendable to 14,994. S-HNIs will be able to bid for 1,428 shares at ₹2,09,916, while B-HNIs can also apply for a bid of 6,834 shares at ₹10,04,598. The book-running lead manager for the IPO is/are Jm Financial Limited , Axis Capital Limited , Citigroup Global Markets India Private Limited , Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) , Goldman Sachs (India) Securities Private Limited , Jefferies India Private Limited , Kotak Mahindra Capital Company Limited , SBI Capital Markets Limited .
The total issue ₹3600 crore, comprising a fresh issue of 10,88,43,537 shares ₹1600 crore and an Offer for Sale (OFS) of 13,60,54,421 shares to mop up ₹2000 crore.
The JSW Cement IPO sets its price band at 139-147 for each share. A single application for JSW Cement Limited IPO must contain at least 102 shares. Sentiment investors need to invest a minimum of 102 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,994 In order to participate in the sNII, investors must purchase at least 14 lots of 1,428 shares for ₹2,09,916, while the bNII requires 67 lots of 6,834 shares for an investment of ₹10,04,598.
JSW Cement IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,89,79,594 | 3,67,34,694 2,44,89,796 1,22,44,898 | 8,57,14,286 | 17,14,28,574 |
| Day 1 - 07-08-25 05:00 PM | 0.23 x | 0.20 0.13 x 0.34 x | 0.36 x | 0.29 x |
| Day 2 - 08-08-25 05:00 PM | 0.24 x | 0.63 0.46 x 0.92 x | 0.72 x | 0.56 x |
| Day 3 - 11-08-25 05:00 PM | 15.80 x | 10.96 12.56 x 7.76 x | 1.80 x | 7.76 x |
JSW Cement Valuations
EPS Pre IPO
₹-1.31/-EPS Post IPO
₹-1.20/-P/E Pre IPO
-112.61P/E Post IPO
-112.38ROE
-6.90%ROCE
7.05%Debt/Equity
0.98RoNW
-4.85%PAT Margin
-2.77%Price to Book Value
6.16JSW Cement Company Financials All values are in ₹ Cr.
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 12,003.94 | 11,318.91 | 10,218.61 |
| Revenue | 5,914.67 | 6,114.6 | 5,982.21 |
| Profit After Tax | -163.77 | 62.01 | 104.04 |
| Net Worth | 2,130.65 | 2,464.68 | 2,292.1 |
| Reserves & Surplus | 1,287.31 | 1,399.06 | 1,296.66 |
| Total Borrowing | 6,166.55 | 5,835.76 | 5,421.54 |
About The Company
JSW Cement Limited, which was incorporated in 2006, is an Indian green cement manufacturer. Being a member of the JSW Group, the organization works on sustainability and innovation in the cement sector.
The organizational product line consists of Portland Slag Cement (PSC), Ground Granulated Blast Furnace Slag (GGBS), and Composite Cement.
The firm had seven plants spread throughout the nation, comprising one integrated plant, one clinker plant, and five grinding plants in Andhra Pradesh (Nandyal plant), Karnataka (Vijayanagar plant), Tamil Nadu (Salem plant), Maharashtra (Dolvi plant), West Bengal (Salboni plant), and Odisha (Jajpur plant and majority-owned Shiva Cement Limited clinker plant).
As of 31st March, 2024, JSW Cement Limited had an installed grinding capacity of 20.60 MMTPA, of which 11.00 MMTPA were located in the southern region, 4.50 MMTPA in the western region, and 5.10 MMTPA in the eastern region of India.
JSW Cement Limited markets its products through a well-connected network. As of 31st March, 2024, there were 5,043 dealers, 10,412 sub-dealers, and 164 warehouses in the distribution network of the company.
JSW Cement - Strength and Weakness
JSW Cement is India’s fastest-growing cement maker, with top rankings in capacity and sales increases.
The company’s plants are optimally located for cost-effective sourcing and distribution.
JSW Cement has the lowest CO₂ emissions in the industry, focusing on sustainable, by-product use.
The company leverages JSW Group’s scale for better raw material access and competitive shipping rates.
JSW Cement's operations depend on securing adequate limestone. Any supply issues could harm the company's financial health.
JSW Cement relies heavily on JSW Steel for blast furnace slag, which constitutes 90.93% of their total consumption.
JSW Cement must maintain high plant utilisation levels. Failing to do so may impact future growth and financial performance.
JSW Cement - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| JSW Cement | N/A | N/A | -4.85% | 5,813 |
| Ultratech Cement | N/A | 59.56 | 8.54% | 75,955 |
| Ambuja Cement | N/A | 35.97 | 7.80% | 33,697 |
| Shree Cement | N/A | 97.77 | 5.21% | 19,282 |
| Dalmia Bharat | N/A | 60.39 | 3.93% | 13,980 |
| Jk Cement | N/A | 58.39 | 14.14% | 11,897 |
| The Ramco Cements | N/A | 103.5 | 3.66% | 8,518 |
| The India Cements | N/A | 2.38 | -1.41% | 4,148 |
JSW Cement - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
- Sajjan Jindal
- Parth Jindal
- Sangita Jindal
- Adarsh Advisory Services Private Limited
- Sajjan Jindal Family Trust
JSW Cement IPO - Issue Objectives
- Part financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan
- Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company
- General Corporate Purposes
JSW Cement IPO - Anchor Investors
Marquee global investors such as Nomura Funds, Blackrock, Stichting Depository APG, UBS Fund Management, Government of Singapore, Government Pension Fund Global, Principal Funds, Abu Dhabi Investment Authority, Amundi Funds, Morgan Stanley, Kuwait Investment Authority, Florida Retirement System, Societe Generale, Neuberger Berman, and Goldman Sachs acquired stake in the cement firm through anchor book.
Domestic institutional investors such as SBI Mutual Fund, SBI Life Insurance Company, Nippon Life India, Aditya Birla Sun Life AMC, Tata Mutual Fund, Motilal Oswal Mutual Fund, Baroda BNP Paribas MF, Chartered Finance & Leasing, Axis Max Life Insurance, PGIM India, Abakkus Asset Manager, and Edelweiss Life Insurance also invested in the firm.
Other Details
JSW Cement
JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, IndiaKfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jswcement.ipo@kfintech.com
JSW Cement IPO - FAQs
Ans. JSW Cement Limited IPO is a Mainboard IPO. The issue is priced at ₹139-147 per equity share. The minimum order quantity is 102 Shares. The IPO opens on Aug 7, 2025, and closes on Aug 11, 2025. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The JSW Cement Limited IPO opens on Aug 7, 2025 and closes on Aug 11, 2025.
Ans. The size of JSW Cement Limited IPO is Total 3600.00 Cr : #Fresh Issue : 10,88,43,537 shares(aggregating up to ₹1600.00 Cr) + #OFS : 13,60,54,421 shares of ₹10(aggregating up to ₹2000.00 Cr).
Ans. The IPO price band is set between ₹139-147 per equity share.
Ans. To apply for JSW Cement Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find JSW Cement Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of JSW Cement Limited IPO is Aug 12, 2025.
Ans. The JSW Cement Limited IPO will be listed on Aug 14, 2025.
Ans. Follow the steps to check the allotment status for JSW Cement Limited IPO here.
