JSW Cement Eyes IPO Launch in August, Files Updated Draft Prospectus

JSW Cement is reportedly gearing up for its initial public offering (IPO) in early August, with the updated draft red herring prospectus (UDRHP) already filed. If launched as expected in the week of August 4, this would be the first major cement sector IPO since Nuvoco Vistas’ ₹5,000 crore listing in August 2021, backed by the Nirma Group.

JSW Cement is targeting an IPO valuation of around $2.3 billion, or ₹20,000 crore, according to sources familiar with the matter.

Major Step for JSW Group After Long Gap

This IPO would also mark a significant step for the JSW Group, which returned to the public markets in October 2023 with the listing of JSW Infrastructure—its first IPO in 13 years. With this offering, JSW Cement aims to tap into the capital markets for growth and expansion in one of India’s most critical infrastructure sectors.

The IPO marks a major milestone for the group in its cement business journey.

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Company Yet to Comment Officially

At the time of writing, JSW Cement has not issued an official statement regarding the IPO plans. An email query sent to the company remained unanswered. The story will be updated once an official response is received.

Investors are closely watching the IPO timeline as market sentiment around infrastructure and cement stocks remains optimistic.

The upcoming JSW Cement IPO could be a key event in India’s capital markets, especially for the cement sector. With a targeted valuation of ₹20,000 crore, the offering will not only attract institutional interest but also reflect the JSW Group’s strategic push into high-growth sectors.

If successful, this will be a landmark public issue in the Indian cement industry post-2021.

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