JSW Cement Limited IPO

Mainboard

Cement & Cement Products

Listed On: Aug 14, 2025 at ₹ 153.50(NSE)

₹ 14994 /102 Shares

Check Allotment

07 Aug, 2025

Open Date

11 Aug, 2025

Close Date

12 Aug, 2025

Allotment Date

14 Aug, 2025

Listing Date

Price Summary

Last Closing

136.37 (-7.23%)

52 Week High

162.15

52 Week Low

133.72

Last Update

31-Oct-2025 3:30 PM

JSW Cement IPO Live Subscription Details

View Subscription Details

QIB 15.80x

Retail 1.81x

NIIs 10.97x

BHNI 12.56x

SHNI 7.80x

Retail 1.81x

Total 7.77x

Last updated: 11 Aug 2025,06:44:00 PM

JSW Cement IPO Issue Details

Issue Price ₹139-147 per equity share
Face Value ₹10 Per Equity Share
Total Issue Size 24,48,97,958 shares(aggregating up to ₹3600 crore)
Fresh Share 10,88,43,537 shares(aggregating up to ₹1600 crore)
Offer For Sale 13,60,54,421 shares(aggregating up to ₹2000 crore)
Listing at BSE, NSE
List Price 153.50(NSE)
Listing Date 2025-08-14
Lead Manager 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
Registrar Kfin Technologies Limited

Market Lot Size

Investors can bid for a minimum of 102 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (min)	1	102	₹14,994
Retail(max)	13	1,326	₹1,94,922
SHNI(min)	14	1,428	₹2,09,916
SHNI(max)	66	6,732	₹9,89,604
BHNI(min)	67	6,834	₹10,04,598

JSW Cement IPO Reservation

JSW Cement IPO offers total 24,48,97,960 shares. Out of which 4,89,79,594 (20%) allocated to QIB, 3,67,34,694 (15%) allocated to NII,8,57,14,286 (35%) allocated to RII, NA (NA%) allocated to employees and 7,34,69,386 (30%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	7,34,69,386 (30%)
QIB Shares Offered	4,89,79,594 (20%)
NII (HNI) Shares Offered	3,67,34,694 (15%)
bNII < ₹10L	2,44,89,796 (10%)
sNII < ₹10L	1,22,44,898 (5%)
Retail Shares Offered	8,57,14,286 (35%)
Total Shares Offered	24,48,97,960 (100%)

JSW Cement IPO Documents

DRHP

RHP

ANCHOR

JSW 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 having 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.

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

Total No of Applications

12,74,830

Subscription on the basis of Applications

Retail:1.4x BHNI:2.6x SHNI:7.5x

JSW Cement Valuations

EPS Pre IPO ₹-1.31/-

EPS Post IPO ₹-1.20/-

P/E Pre IPO -112.61

P/E Post IPO -112.38

ROE -6.90%

ROCE 7.05%

Debt/Equity 0.98

RoNW -4.85%

PAT Margin -2.77%

Price to Book Value 6.16

JSW Cement Company Financials

In Crs.

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 JSW Cement 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 - Promoter(s)

Sajjan Jindal

Parth Jindal

Sangita Jindal

Adarsh Advisory Services Private Limited

Sajjan Jindal Family Trust

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

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

JSW Cement IPO: Institutional investors purchase Rs 1,080 crore worth of shares through anchor book.

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.

JSW Cement IPO - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Revenue(in Cr.)
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

Strength

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.

Weakness

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.

Contact Details

JSW Cement

JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India

+91 22 4286 3115

secretarial.jswcl@jsw.in

http://www.jswcement.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

jswcement.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/

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. You can track the real-time subscription numbers using the links below:

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 JSW Cement Limited IPO price band is set between ₹139-147 per equity share.

Ans. To apply for JSW Cement Limited 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 JSW Cement Limited IPO allotment status online.