Bookbuilding IPO | ₹3,600 Cr | Listed at BSE, NSE | Thu, Aug 7, 2025 - Mon, Aug 11, 2025
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 per share. The lot size for an application is 102. The minimum amount of investment required by an retail is ₹14,994 (102 shares) (based on upper price). 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.
JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to JSW Cement IPO RHP for detailed Information.
IPO Open
Thu, Aug 7, 2025
IPO Close
Mon, Aug 11, 2025
Issue Price
₹147 per share
Market Cap (Pre-IPO)
₹20,041.46 Cr
| IPO Date | 7 to 11 Aug, 2025 |
| Listed on | Thu, Aug 14, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹139 to ₹147 |
| Issue Price | ₹147 per share |
| Lot Size | 102 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 24,48,97,958 shares (agg. up to ₹3,600 Cr) |
| Fresh Issue | 10,88,43,537 shares (agg. up to ₹1,600 Cr) |
| Offer for Sale | 13,60,54,421 shares of ₹10 (agg. up to ₹2,000 Cr) |
| Share Holding Pre Issue | 1,25,45,21,399 shares |
| Share Holding Post Issue | 1,36,33,64,936 shares |
| BSE Script Code / NSE Symbol | 544480 / JSWCEMENT |
| ISIN | INE718I01012 |
JSW Cement IPO offers total 24,48,97,958 shares. Out of which 12,24,48,978 (50.00%) allocated to QIB, 4,89,79,592 (20.00%) allocated to QIB (Ex- Anchor), 3,67,34,694 (15.00%) allocated to NII 8,57,14,286 (35.00%) allocated to RII and 7,34,69,386 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 12,24,48,978 (50.00%) | NA |
| − Anchor Investor Shares Offered | 7,34,69,386 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 4,89,79,592 (20.00%) | NA |
| NII (HNI) Shares Offered | 3,67,34,694 (15.00%) | NA |
| − bNII > ₹10L | 2,44,89,796 (10.00%) | 17,149 |
| − sNII < ₹10L | 1,22,44,898 (5.00%) | 8,574 |
| Retail Shares Offered | 8,57,14,286 (35.00%) | 8,40,336 |
| Total Shares Offered | 24,48,97,958 (100.00%) |
Investors can bid for a minimum of 102 shares and in multiples thereof.
| 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 raises ₹1,080.00 crore from anchor investors. JSW Cement IPO Anchor bid date is August 6, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Aug 6, 2025 |
| Shares Offered | 7,34,69,386 |
| Anchor Portion (₹ Cr.) | 1,080.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Sep 10, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Nov 9, 2025 |
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 (Jajpur plant 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 MMTPA, comprising 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:
JSW Cement Limited distributes its products through a well-connected network. As of March 31, 2025, the company had a distribution network comprising 4,653 dealers, 8,844 sub-dealers, and 158 warehouses.
Competitive Strengths:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan | 800.00 |
| 2 | Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company | 520.00 |
| 3 | General Corporate Purposes | 226.80 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -1.31 | -ve |
| P/E (x) | -112.61 | -ve |
| Promoter Holding | 78.61% | 72.33% |
| Market Cap | ₹20,041.46 Cr. |
The JSW Cement IPO is subscribed 8.22 times on August 11, 2025 5:04:35 PM (Day 3). The public issue subscribed 1.91 times in the retail category, 16.71 times in the QIB category, and 11.60 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 16.71 | 4,89,79,594 | 81,86,50,266 |
| NII | 11.60 | 3,67,34,694 | 42,62,50,350 |
| bNII (bids above ₹10L) | 13.29 | 2,44,89,796 | 32,53,54,194 |
| sNII (bids below ₹10L) | 8.24 | 1,22,44,898 | 10,08,96,156 |
| Retail | 1.91 | 8,57,14,286 | 16,39,34,400 |
| Total | 8.22 | 17,14,28,574 | 1,40,88,35,016 |
Total Application : 12,75,003
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 63.72 |
| 2 | Commission/ processing fee for SCSBs and Bankers to the Issue and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. Brokerage, selling commission and bidding charges for the members of the Syndicate, Registered Brokers, RTAs and CDPs | 7.72 |
| 3 | Fees payable to Registrar to the Offer | 0.57 |
| 4 | Fees payable to the parties to the Offer | 18.60 |
| 5 | Listing fees, SEBI fees, BSE and NSE processing fees, book-building software fees, and other regulatory expenses | 13.19 |
| 6 | Printing and stationery expenses | 2.14 |
| 7 | Advertising and marketing expenses | 9.64 |
| 8 | Miscellaneous | 3.96 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹147.00 | ₹147.00 |
| Open | ₹153.00 | ₹153.50 |
| Low | ₹145.05 | ₹145.05 |
| High | ₹154.70 | ₹154.77 |
| Last Trade | ₹146.05 | ₹146.07 |
Lead Manager Reports
JSW Cement IPO is a main-board IPO of 24,48,97,958 equity shares of the face value of ₹10 aggregating up to ₹3,600 Crores. The issue is priced at ₹147 per share. The minimum order quantity is 102.
The IPO opens on Thu, Aug 7, 2025, and closes on Mon, Aug 11, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in JSW Cement IPO using UPI as a payment gateway. Zerodha customers can apply in JSW Cement IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in JSW Cement IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The JSW Cement IPO opens on Thu, Aug 7, 2025 and closes on Mon, Aug 11, 2025.
JSW Cement IPO lot size is 102, and the minimum amount required for application is ₹14,994.
You can apply in JSW Cement IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for JSW Cement IPO will be done on Tuesday, August 12, 2025, and the allotted shares will be credited to your demat account by Wed, Aug 13, 2025. Check the JSW Cement IPO allotment status.
The JSW Cement IPO listing date is on Thu, Aug 14, 2025.
