JSW Cement IPO vs Kalpataru IPO

Comparison between JSW Cement IPO and Kalpataru IPO.

IPO Details

JSW Cement IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Kalpataru IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of JSW Cement IPO is up to ₹3,600.00 Cr whereas the issue size of the Kalpataru IPO is up to ₹1,590.00 Cr. The final issue price of JSW Cement IPO is ₹147.00 per share and of Kalpataru IPO is ₹414.00 per share.

 JSW Cement IPOKalpataru IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹139.00 per share₹387.00 per share
Issue Price (Upper)₹147.00 per share₹414.00 per share
Issue Price (Final)₹147.00 per share₹414.00 per share
Discount (Retail)
Discount (Employee)₹38.00 per share
Market Lot Size102 shares36 shares
Fresh Issue Size10,88,43,537 shares3,84,24,456 shares
Fresh Issue Size (Amount)up to ₹1,600.00 Crup to ₹1,590.00 Cr
OFS Issue Size13,60,54,421 shares0 shares
OFS Issue Size (Amount)up to ₹2,000.00 Crup to ₹0.00 Cr
Issue Size Total24,48,97,958 shares3,84,24,456 shares
Issue Size Total (Amount)up to ₹3,600.00 Crup to ₹1,590.00 Cr

IPO Timetable

JSW Cement IPO opens on Aug 07, 2025, while Kalpataru IPO opens on Jun 24, 2025. The closing date of JSW Cement IPO and Kalpataru IPO is Aug 11, 2025, and Jun 26, 2025, respectively.

 JSW Cement IPOKalpataru IPO
Anchor Bid DateAug 06, 2025Jun 23, 2025
Issue OpenAug 07, 2025Jun 24, 2025
Issue CloseAug 11, 2025Jun 26, 2025
Basis Of Allotment (Tentative)Aug 12, 2025Jun 27, 2025
Initiation of Refunds (Tentative)Aug 13, 2025Jun 30, 2025
Credit of Share (Tentative)Aug 13, 2025Jun 30, 2025
Listing date (Tentative)Aug 14, 2025Jul 01, 2025
Anchor Lockin End date 1Sep 10, 2025Jul 26, 2025
Anchor Lockin End date 2Nov 09, 2025Sep 24, 2025

Financials & KPIs

JSW Cement IPO P/E ratio is -112.61, as compared to Kalpataru IPO P/E ratio of -59.52.

 JSW Cement IPOKalpataru IPO
Financials

Company Financials (Restated Consolidated)

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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets12,003.9411,318.9110,218.61
Total Income5,914.676,114.605,982.21
Profit After Tax-163.7762.01104.04
EBITDA815.321,035.66826.97
NET Worth2,352.552,464.682,292.10
Reserves and Surplus1,287.311,399.061,296.66
Total Borrowing6,166.555,835.765,421.54
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets15,562.3513,879.4312,540.7713,410.57
Total Income1,699.492,029.943,716.611,248.55
Profit After Tax5.51-116.51-229.43-125.36
EBITDA101.67-78.01-49.67-35.98
NET Worth1,579.541,028.231,221.891,429.01
Total Borrowing11,056.4010,688.319,679.6410,365.97
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)78.61100
Promoter Shareholding (Post-Issue)72.3381.3
P/E Ratio-112.61-59.52
Market Cap₹20041.46 Cr.₹8524.07 Cr.
ROE-6.90
ROCE7.05%
Debt/Equity0.98
EPS₹-1.31₹-6.96
RoNW-4.85%-10.15

Shares Offered

In the JSW Cement IPO Retail Individual Investors (RII) are offered 8,57,14,286 shares while in Kalpataru IPO retail investors are offered 8,57,14,286 shares. Qualified Institutional Buyers (QIB) are offered 4,89,79,592 shares in JSW Cement IPO and 1,14,06,523 shares in Kalpataru IPO.

 JSW Cement IPOKalpataru IPO
Anchor Investor Reservation7,34,69,386 shares1,71,09,783 shares
Market Maker Reservation0 shares0 shares
QIB4,89,79,592 shares1,14,06,523 shares
NII3,67,34,694 shares57,03,260 shares
RII8,57,14,286 shares38,02,173 shares
Employee0 shares4,22,872 shares
Others
Total24,48,97,958 shares3,84,44,611 shares

Bids Received (Subscription)

JSW Cement IPO subscribed 8.22x in total, whereas Kalpataru IPO subscribed 2.31x.

 JSW Cement IPOKalpataru IPO
QIB (times)16.71x3.12x
NII (times)11.60x1.40x
Big NII (times)13.29x1.48x
Small NII (times)8.24x0.80x
RII (times)1.91x1.43x
Employee (times)0.76x
Other (times)
Total (times)8.22x2.31x

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