JSW Cement Limited, a company of the prestigious JSW Group, is launching its ₹3,600 crore initial public offering (IPO) in August 2025. The IPO is expected to expand the company’s capacity and reduce debt. Here are the detailed details of JSW Cement’s IPO, including its GMP, lot size, promoter details, subscription status and allotment schedule.
JSW Cement IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | August 7, 2025 |
| IPO Close Date | August 11, 2025 |
| Allotment Date | August 12, 2025 |
| Refund Initiation | August 13, 2025 |
| Shares Credited to Demat | August 13, 2025 |
| Listing Date | August 14, 2025 |
| Face Value | ₹10 per share |
| IPO Size | ₹3,600 crore |
| Fresh Issue | ₹1,600 crore |
| Offer for Sale (OFS) | ₹2,000 crore |
| Listing At | BSE, NSE |
| IPO Type | Book Built Issue |
| Price Band | ₹139 to ₹147 per share |
| Minimum Lot Size | 102 Shares |
JSW Cement IPO Lot Size
| Application | Lots | Shares | 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 |
JSW Cement IPO GMP (Grey Market Premium)
At the moment, there is no GMP (grey market premium) reported for JSW Cement IPO. GMP data is usually available after the price band is announced and informal trading begins. Investors are advised to keep an eye on GMP trends closer to the IPO opening date.
About JSW Cement Limited Company
Founded in 2006, JSW Cement is one of India’s fastest-growing green cement companies. It manufactures eco-friendly building materials such as GGBS (Ground Granulated Blast Furnace Slag), Portland Slag Cement (PSC), and Ready-Mix Concrete (RMC).
Operational Capacity (March 2025):
- Grinding: 20.60 MTPA
- Clinker: 6.44 MTPA
- Targeted Expansion: 41.85 MTPA (grinding) and 13.04 MTPA (clinker)
The company operates through 7 units located in Andhra Pradesh, Maharashtra, Karnataka, West Bengal, Odisha, and Tamil Nadu, supported by 4,653 dealers and over 8,800 sub-dealers across India.
JSW Cement IPO Promoters and Promoter Holding
JSW Cement is promoted by the Jindal family through various holding entities. As of the pre-IPO structure, promoters held approximately 87.04% of the company’s equity.
Key Promoters include:
- Adarsh Advisory Services Private Limited (holds ~69.81%)
- Sajjan Jindal
- Parth Jindal (Managing Director, holds ~0.35%)
- Sangita Jindal
- Sajjan Jindal Family Trust
Post the IPO, the promoter’s stake will be diluted due to fresh issues and exits from the OFS. However, the Jindal family will retain a controlling stake in the company.
Use of IPO Proceeds
The net proceeds from the ₹1,600 crore fresh issue will be used for:
- Setting up an integrated cement plant in Nagaur, Rajasthan – ₹800 crore
- Repayment/prepayment of borrowings – ₹520 crore
- General corporate purposes – Balance amount
Financial Performance
| Financial Year | FY25 | FY24 |
|---|---|---|
| Total Income | ₹5,914.7 Cr | ₹6,114.6 Cr |
| Profit After Tax (PAT) | –₹163.8 Cr | ₹62.0 Cr |
| EBITDA | ₹815.3 Cr | ₹1,035.7 Cr |
| Net Worth | ₹2,352.6 Cr | ₹2,464.7 Cr |
| Total Borrowings | ₹6,166.6 Cr | ₹5,835.8 Cr |
While revenue remained stable, the company reported a net loss in FY25 due to increased input costs and interest expenses.
JSW Cement IPO Subscription Status
The IPO will remain open for subscription from August 7 to August 11, 2025. Subscription figures will be updated daily by investor category:
- Qualified Institutional Buyers (QIBs)
- Non-Institutional Investors (NIIs)
- Retail Individual Investors (RIIs)
Live data will be available on the NSE and BSE websites.
JSW Cement IPO Allotment Status
The allotment is expected to be finalized on August 12, 2025. Investors can check the allotment status through:
- Chittorgarh IPO Allotment Page
- IPO Registrar’s website (to be updated)
- NSE/BSE IPO status page
The refund will be processed on August 13, 2025, and the shares will be credited to the demat accounts on the same day. The listing is scheduled for August 14, 2025.
Competitive Landscape
JSW Cement competes with top cement companies including:
- UltraTech Cement
- Ambuja Cements
- Shree Cement
- Dalmia Bharat
- JK Cement
Although FY25 profitability has been impacted, JSW Cement’s growth prospects and focus on green manufacturing offer a long-term edge in the infrastructure and housing-driven Indian cement sector.
Conclusion
JSW Cement’s IPO presents a great opportunity for investors to be a part of India’s infrastructure and sustainability growth story. With a strong promoter group, pan-India presence, and capacity expansion strategy, the company is poised for the next phase of growth. Investors should wait for the price band, keep an eye on GMP and subscription trends, and assess valuations before investing.
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