JSW Cement IPO
JSW Cement IPO
Overview
JSW Cement IPO is a book build issue of ₹3,600.00 crores. The issue is a combination of fresh issue of 10.88 crore shares aggregating to ₹1,600.00 crores and offer for sale of 13.61 crore shares aggregating to ₹2,000.00 crores. JSW Cement IPO bidding started from Aug 7, 2025 and ended on Aug 11, 2025. The allotment for JSW Cement IPO was finalized on Aug 12, 2025. The shares got listed on BSE, NSE on Aug 14, 2025. JSW Cement IPO price band is set at ₹147.00 per share . The lot size for an application is 102. The minimum amount of investment required by an retail is ₹14,178 (102 shares). The lot size investment for sNII is 14 lots (1,428 shares), amounting to ₹2,09,916, and for bNII, it is 67 lots (6,834 shares), amounting to ₹10,04,598.
Total Shares
24,48,97,958
Issue Size
₹3,600.00 Cr
Price Band
₹147 – ₹147
Lot Size
101 shares
Min. Investment
₹14,994
Max. Investment
₹1,94,922
Open Date
07 Aug, 2025
Close Date
11 Aug, 2025
Allotment
12 Aug, 2025
Listing
14 Aug, 2025
Max. Investment
₹1,94,922
Announced
07 Aug, 2025
Opening Date
07 Aug, 2025
Closing Date
11 Aug, 2025
Basis of Allotment
12 Aug, 2025
Initiation of Refunds
13 Aug, 2025
Credit of Shares
13 Aug, 2025
Listing Date
14 Aug, 2025
Live GMP
Est. Listing: ₹152
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About JSW Cement IPO
Incorporated in 2006, JSW Cement Limited is a manufacturer of green cement in India. As part of the JSW Group, the company is committed to sustainability and innovation in the cement industry.
The company operated seven plants across the country, including one integrated unit, one clinker unit, and five grinding units located in Andhra Pradesh (Nandyal plant), Karnataka (Vijayanagar plant), Tamil Nadu (Salem plant), Maharashtra (Dolvi plant), West Bengal (Salboni plant), and Odisha (Jaj
JSW Cement IPO Share Price
Issue Breakdown
Shareholding
Dilution: 8.7% increase in shares
JSW Cement IPO Promoters Holding
JSW Cement IPO Financial Health
JSW Cement Ltd.'s revenue decreased by 3% and profit after tax (PAT) dropped by 364% between the financial year ending with March 31, 2025 and March 31, 2024.
JSW Cement IPO 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 Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 102 | ₹14,994 |
| Retail (Max) | 13 | 1326 | ₹1,94,922 |
| S-HNI (Min) | 14 | 1428 | ₹2,09,916 |
| S-HNI (Max) | 66 | 6732 | ₹9,89,604 |
| B-HNI (Min) | 67 | 6834 | ₹10,04,598 |
(All values in CR)
JSW Cement IPO Valuations
The market capitalization of JSW Cement IPO is ₹20041.46 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | -6.90 |
| ROCE | 7.05 |
| Debt/Equity | 0.98 |
| RoNW | -4.85 |
| PAT Margin | -2.77 |
| EBITDA Margin | 13.78 |
| Price to Book Value | 6.16 |
(All values in CR)
JSW Cement IPO Strength & Risk
JSW Cement IPO Strength:
Strong Parentage: Backed by the established JSW Group, known for its leadership in steel, energy, and infrastructure sectors.
Green Cement Leadership: Leading producer of eco-friendly cement, including Ground Granulated Blast Furnace Slag (GGBS) and Portland Slag Cement (PSC), aligning with sustainability trends.
Robust Capacity Expansion: Plans to increase capacity from 20.6 MTPA to 40.85 MTPA, enhancing market share and operational scale.
Strategic Use of IPO Proceeds: Allocation of funds towards establishing a new integrated cement unit in Nagaur, Rajasthan, and debt reduction, aiming for improved financial health.
Favorable Market Dynamics: Positioned to benefit from India's growing infrastructure and housing demand, supported by government initiatives.
JSW Cement IPO Risk:
Profitability Concerns: Reported a net loss of ₹163.8 crore in FY25, indicating potential challenges in achieving consistent profitability.
High Leverage: Substantial borrowings of ₹6,166 crore as of March 2025, leading to significant interest obligations and potential liquidity issues.
Raw Material Dependency: Over 90% of raw materials sourced from related entities, posing risks related to supply chain disruptions or pricing volatility.
Competitive Pressure: Faces intense competition from established players like UltraTech, Ambuja, and ACC, which may impact market share and pricing power.
Regulatory Scrutiny: Previous delays in IPO approval by SEBI raise concerns about regulatory hurdles and potential impacts on investor confidence.
JSW Cement IPO Subscriptions Status
JSW Cement IPO subscribed 8.22 times. The public issue subscribed 1.91 times in the retail category, 16.71 times in QIB, and 11.60 times in the NII category by August 11, 2025 5:04:35 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 7,34,69,386 | 7,34,69,386 | 1 |
| Qualified Institutions | 16.71 | 4,89,79,594 | 81,86,50,266 | 12 |
| Non-Institutional Buyers | 11.60 | 3,67,34,694 | 42,62,50,350 | 6 |
| bNII (bids above ₹10L) | 13.29 | 2,44,89,796 | 32,53,54,194 | 4 |
| sNII (bids below ₹10L) | 8.24 | 1,22,44,898 | 10,08,96,156 | 1 |
| Retail | 1.91 | 8,57,14,286 | 16,39,34,400 | 2 |
| Total | 8.22 | 17,14,28,574 | 1,40,88,35,016 | 20 |
JSW Cement IPO GMP
JSW Cement was listed on the stock exchange on 2019-10-14 00:00:00. The IPO was subscribed 8.22x. The last GMP for JSW Cement IPO was ₹4.8, updated on Aug 14th 2025 09:28 AM. As per the last GMP, the expected profit/loss for the IPO was 3.27%. The issue price of JSW Cement IPO (JSWCEMENT,544480) was ₹147.00, listed at a price of ₹153.50, which is 4.42% higher than the allotment price. The expected IPO listing price as per grey market was ₹151.8, listed above GMP price and marked as positive listing for GMP.
Last updated 14 Aug, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 14 Aug, 2025 | 147 | ₹4.8▲ | 400/5600 | ₹151.8 (3.27%) | 489.6 | 14 Aug, 2025 |
| 13 Aug, 2025 | 147 | ₹4.5 | 300/4200 | ₹151.5 (3.06%) | 459 | 13 Aug, 2025 |
| 12 Aug, 2025 | 147 | ₹4.5▲ | 300/4200 | ₹151.5 (3.06%) | 459 | 12 Aug, 2025 |
| 11 Aug, 2025 | 147 | ₹4.25▼ | 300/4200 | ₹151.25 (2.89%) | 433.5 | 11 Aug, 2025 |
| 10 Aug, 2025 | 147 | ₹5▼ | 400/5600 | ₹152 (3.40%) | 510 | 10 Aug, 2025 |
| 09 Aug, 2025 | 147 | ₹8.5▼ | 700/9800 | ₹155.5 (5.78%) | 867 | 09 Aug, 2025 |
| 08 Aug, 2025 | 147 | ₹9▼ | 700/9800 | ₹156 (6.12%) | 918 | 08 Aug, 2025 |
| 07 Aug, 2025 | 147 | ₹13▲ | 1000/14000 | ₹160 (8.84%) | 1326 | 07 Aug, 2025 |
| 06 Aug, 2025 | 147 | ₹6▼ | 500/7000 | ₹153 (4.08%) | 612 | 06 Aug, 2025 |
| 05 Aug, 2025 | 147 | ₹14▼ | 1100/15400 | ₹161 (9.52%) | 1428 | 05 Aug, 2025 |
| 04 Aug, 2025 | 147 | ₹19▲ | 1500/21000 | ₹166 (12.93%) | 1938 | 04 Aug, 2025 |
| 03 Aug, 2025 | 0 | ₹0 | - | - | - | 03 Aug, 2025 |
| 02 Aug, 2025 | 0 | ₹0 | - | - | - | 02 Aug, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for JSW Cement IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find JSW Cement IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
FAQs About Jsw Cement Ipo
JSW Cement IPO will open on and close on . Investors must apply within this period to participate.
The JSW Cement IPO price band is set between ₹0.00 and ₹0.00 per share. The minimum lot size is 0, requiring an investment of at least ₹0.00.
The JSW Cement IPO shares are expected to be listed on , subject to regulatory approvals and final allotment.
You can track your JSW Cement IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The JSW Cement IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.