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Allotment

JSW Cement Limited

The JSW Cement IPO is a book-built issue aggregating to ₹3,600.00 crore, comprising a fresh issue of 10.88 crore equity shares amounting to ₹1,600.00 crore and an offer for sale of 13.61 crore equity shares aggregating to ₹2,000.00 crore.

The IPO opened for subscription on August 7, 2025, and closed on August 11, 2025. The basis of allotment was finalized on August 12, 2025, and the equity shares were listed on the BSE and NSE on August 14, 2025.

The price band for the IPO was fixed at ₹147 per share, with a lot size of 102 shares. The minimum investment required for retail investors was ₹14,178 (102 shares). For small non-institutional investors (sNII), the minimum application size was 14 lots (1,428 shares) amounting to ₹2,09,916, while for big non-institutional investors (bNII), it was 67 lots (6,834 shares) amounting to ₹10,04,598.

JM Financial Ltd. acted as the book-running lead manager, and Kfin Technologies Ltd. was the registrar to the issue.

JSW Cement Limited IPO & Charts
₹147

0%

Open

₹147

HIgh - Low

₹147

Previous Close

₹147

Total Traded Value

0

52 Weeks High

₹147

52 Weeks Low

₹147

Updates On

Aug 1, 2025

IPO. Open

Aug 7, 2026

IPO. Close

Aug 11, 2026

IPO. Price

₹147.00

IPO Market price

₹20,041.46 Cr

IPO Details

IPO Date 14 Aug
IPO Listing Date 14 Aug
IPO Face Value ₹10 per share
IPO Price Range ₹147.00
IPO Issue Size 24,48,97,958 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing BSE, NSE Platform
hare Holding Pre Issue 1,25,45,21,399

IPO Timeline

IPO Open Date 7 Aug
IPO Close Date 11 Aug
IPO Allotment (Tentative) 12 Aug
Refunds 13 Aug
Credit to Demat Account 13 Aug
IPO Listing Date 14 Aug

IPO Reservation

Category Offer
QIB Shares Offered 12,24,48,978 Shares
NII (HNI) Shares Offered 3,67,34,694 Shares
Retail Shares Offered 8,57,14,286 Shares

IPO Lot Size

Investors may bid for a minimum of 102 shares, in multiples of 102.

Application Lots Share Amount
Retail (Min) 1 102 ₹14,994
Retail (Max) 13 1,326 ₹1,94,922
S-HNI (Min) 14 1,428 ₹2,09,916
S-HNI (Max) 66 6,732 ₹9,89,604
B-HNI (Min) 67 6,834 ₹10,04,598
About Company

Incorporated in 2006, JSW Cement Limited is an Indian manufacturer of green cement and a part of the JSW Group, with a strong focus on sustainability and innovation in the cement industry.

The company operates seven manufacturing facilities across India, comprising one integrated unit, one clinker unit, and five grinding units. These facilities are located in Andhra Pradesh (Nandyal), Karnataka (Vijayanagar), Tamil Nadu (Salem), Maharashtra (Dolvi), West Bengal (Salboni), and Odisha (Jajpur and the majority-owned Shiva Cement Limited clinker unit).

As of March 31, 2025, JSW Cement Limited had an installed grinding capacity of 20.60 million metric tonnes per annum (MMTPA), with 11.00 MMTPA in the southern region, 4.50 MMTPA in the western region, and 5.10 MMTPA in the eastern region of India.

Product Portfolio

Cement: Blended cement and Ordinary Portland Cement (OPC)

Ground Granulated Blast Furnace Slag (GGBS): Used in blended cement products such as PSC and PCC, and as a replacement for OPC in concrete production

Clinker: Manufactured by burning limestone and clay at high temperatures

Allied Cementitious Products: Ready-mix concrete (RMC), screened slag, and construction chemicals

JSW Cement Limited distributes its products through a well-established network. As of March 31, 2025, the company’s distribution network comprised 4,653 dealers, 8,844 sub-dealers, and 158 warehouses across India.

Competitive Strengths

Fastest-growing cement manufacturer in India in terms of increase in installed grinding capacity and sales volume

India’s largest manufacturer of GGBS with a proven track record of scaling the business

Strategically located plants with strong connectivity to raw material sources and key consumption markets

Among the lowest carbon dioxide emission intensity compared to domestic and global peer cement manufacturers

Extensive sales and distribution network supported by a strong brand presence

Strong corporate lineage of the JSW Group and an experienced management team

JSW Cement Ltd.’s revenue declined by 3%, while profit after tax (PAT) fell by 364% from the financial year ended March 31, 2024 to March 31, 2025.

Company Financials (Consolidated)

Assets 12,003.94 11,318.91 10,218.61
Total Income 5,914.67 6,114.60 5,982.21
Profit After Tax -163.77 62.01 104.04
EBITDA 815.32 1,035.66 826.97
NET Worth 2,352.55 2,464.68 2,292.10
Reserves and Surplus 1,287.31 1,399.06 1,296.66
Total Borrowing 6,166.55 5,835.76 5,421.54

Key Performance Indicator (KPI)

ROE -6.9
ROCE 7.05%
Debt/Equity 0.98
RoNW -4.85%
PAT Margin -2.77%
EBITDA Margin 13.78%
Price to Book Value 6.16
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; 226.8
4 Offer for Sale (OFS) -

Contact Details

JSW Cement Ltd. Address
JSW Centre,
Bandra Kurla Complex,
Bandra (East),
Mumbai, Maharashtra, 400051
+91 22 4286 3114
secretarial.jswcl@jsw.in
https://www.jswcement.in/

Detail Registrar

IPO Registrar

Kfin Technologies Ltd.
04067162222, 04079611000
jswcement.ipo@kfintech.com
https://ipostatus.kfintech.com/

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