JSW Cement IPO vs Trualt Bioenergy IPO

Comparison between JSW Cement IPO and Trualt Bioenergy IPO.

IPO Details

JSW Cement IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Trualt Bioenergy 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 Trualt Bioenergy IPO is up to ₹839.28 Cr. The final issue price of JSW Cement IPO is ₹147.00 per share and of Trualt Bioenergy IPO is ₹496.00 per share.

 JSW Cement IPOTrualt Bioenergy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹139.00 per share₹472.00 per share
Issue Price (Upper)₹147.00 per share₹496.00 per share
Issue Price (Final)₹147.00 per share₹496.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size102 shares30 shares
Fresh Issue Size10,88,43,537 shares1,51,20,967 shares
Fresh Issue Size (Amount)up to ₹1,600.00 Crup to ₹750.00 Cr
OFS Issue Size13,60,54,421 shares18,00,000 shares
OFS Issue Size (Amount)up to ₹2,000.00 Crup to ₹89.28 Cr
Issue Size Total24,48,97,958 shares1,69,20,967 shares
Issue Size Total (Amount)up to ₹3,600.00 Crup to ₹839.28 Cr

IPO Timetable

JSW Cement IPO opens on Aug 07, 2025, while Trualt Bioenergy IPO opens on Sep 25, 2025. The closing date of JSW Cement IPO and Trualt Bioenergy IPO is Aug 11, 2025, and Sep 29, 2025, respectively.

 JSW Cement IPOTrualt Bioenergy IPO
Anchor Bid DateAug 06, 2025Sep 24, 2025
Issue OpenAug 07, 2025Sep 25, 2025
Issue CloseAug 11, 2025Sep 29, 2025
Basis Of Allotment (Tentative)Aug 12, 2025Sep 30, 2025
Initiation of Refunds (Tentative)Aug 13, 2025Oct 01, 2025
Credit of Share (Tentative)Aug 13, 2025Oct 01, 2025
Listing date (Tentative)Aug 14, 2025Oct 03, 2025
Anchor Lockin End date 1Sep 10, 2025Oct 29, 2025
Anchor Lockin End date 2Nov 09, 2025Dec 28, 2025

Financials & KPIs

JSW Cement IPO P/E ratio is -112.61, as compared to Trualt Bioenergy IPO P/E ratio of 23.89.

 JSW Cement IPOTrualt Bioenergy 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)

Trualt Bioenergy Ltd.'s revenue increased by 54% and profit after tax (PAT) rose by 361% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 2024
Assets3,029.732,419.08
Total Income1,968.531,280.19
Profit After Tax146.6431.81
EBITDA309.14188.09
NET Worth769.00264.61
Total Borrowing1,549.681,684.68
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)78.6188.2
Promoter Shareholding (Post-Issue)72.3370.55
P/E Ratio-112.6123.89
Market Cap₹20041.46 Cr.₹4253.33 Cr.
ROE-6.9028.27%
ROCE7.05%10.88%
Debt/Equity0.982.02
EPS₹-1.31₹20.76
RoNW-4.85%19.07%

Shares Offered

In the JSW Cement IPO Retail Individual Investors (RII) are offered 8,57,14,286 shares while in Trualt Bioenergy 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 33,84,193 shares in Trualt Bioenergy IPO.

 JSW Cement IPOTrualt Bioenergy IPO
Anchor Investor Reservation7,34,69,386 shares50,76,289 shares
Market Maker Reservation0 shares0 shares
QIB4,89,79,592 shares33,84,193 shares
NII3,67,34,694 shares25,38,146 shares
RII8,57,14,286 shares59,22,339 shares
Employee0 shares0 shares
Others
Total24,48,97,958 shares1,69,20,967 shares

Bids Received (Subscription)

JSW Cement IPO subscribed 8.22x in total, whereas Trualt Bioenergy IPO subscribed 75.02x.

 JSW Cement IPOTrualt Bioenergy IPO
QIB (times)16.71x165.16x
NII (times)11.60x103.04x
Big NII (times)13.29x118.62x
Small NII (times)8.24x71.87x
RII (times)1.91x11.50x
Employee (times)
Other (times)
Total (times)8.22x75.02x

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