January 13, 2025
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JSW Cement IPO GMP, Review, Subscription Status, allotment & listing details @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
Latest updates of JSW Cement IPO Listing
The company has received Sebi green signal to its IPO and soon price band and time schedule are expected to be announced.
What is the last GMP of JSW Cement IPO?
For latest GMP, Click
JSW Cement IPO Subscriptions (Day 1)Price Rs. ? Lot ? shares, Net Rs. ? Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: ? / (?x) Amount wise Bids recd. Rs. ? Crore |
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Who are the promoters of JSW Cement IPO?
SAJJAN JINDAL, PARTH JINDAL, SANGITA JINDAL, ADARSH ADVISORY SERVICES PRIVATE LIMITED AND SAJJAN JINDAL FAMILY TRUST are the promoters of the company.
What are the Objects of JSW Cement IPO?
The Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Part financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan;
2. Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company; and
3. General corporate purposes.
What is the business of JSW Cement?
JSW Cement is the fastest growing cement manufacturing company in India in terms of increase in installed grinding capacity and sales volume from Fiscal 2014 to Fiscal 2024. Over this period, its installed grinding capacity and sales volume grew at a CAGR of 14.14% and 19.06% respectively, as compared to the industry average CAGR of 7.31% and 7.56% respectively. It is also the fastest growing cement manufacturing company in terms of increase in sales volume within India from Fiscal 2023 to Fiscal 2024 (among the top 10 cement manufacturing companies in terms of installed capacity), and its sales volume has increased by 31.11%, excluding volume sold from JSW Cement FZC in Fiscal 2023, during the period as compared to the industry average of 6.35%.
As of March 31, 2024, it had Installed Grinding Capacity of 20.60 MMTPA consisting of 11.00 MMTPA, 4.50 MMTPA and 5.10 MMTPA in the southern, western and eastern regions of India, respectively. As of March 31, 2024, it had an Installed Clinker Capacity of 6.44 MMTPA which includes the Installed Clinker Capacity of JSW Cement FZC. Majority of its capacity has been developed organically by its in-house project management team, demonstrating our strong project execution capabilities.
It is currently undertaking greenfield and brownfield expansion plans across India, including in the north and central regions, to increase its Installed Grinding Capacity to 40.85 MMTPA and Installed Clinker Capacity to 13.04 MMTPA, and create a pan-India footprint. It is India’s largest manufacturer of ground granulated blast furnace slag (“GGBS”), an eco-friendly product produced entirely from blast furnace slag (a by-product of the steel manufacturing process), with a market share in terms of GGBS sales of 82.70% in Fiscal 2024.
Its green cementitious products which include (i) products with GGBS, (ii) portland slag cement (“PSC”), (iii) portland composite 250 cement (“PCC”) and (iv) others constituted 80.68% of its sales volume in Fiscal 2024. Its focus on manufacturing green cementitious products gives us the distinction of having a Clinker to Cement Ratio (which we define as clinker consumed during a year divided by Cement Saleable Production) of 46.60%, which is lower than Peer Average of 66.43% in Fiscal 2024.
It started its operations in 2009 in the southern region of India through its single grinding unit in Vijayanagar, Karnataka. Since then, it had expanded its presence across the southern, western and eastern regions of India and UAE.
As of March 31, 2024, it operated seven plants in India, which comprise one integrated unit, one clinker unit and five grinding units across the states of Andhra Pradesh (Nandyal plant), Karnataka (Vijayanagar plant), Tamil Nadu (Salem plant), Maharashtra (Dolvi plant), West Bengal (Salboni plant), Odisha (Jajpur plant and our majority owned Shiva Cement Limited clinker unit). JSW Cement FZC also operates one clinker unit in the UAE that supplies clinker to the Dolvi grinding unit in western India and to third-party customers. To ensure consistent supply of limestone, which is a key raw material for cement production, it has the right to mine across 10 limestone mines in India, with an aggregate limestone residual reserve of 1,098.88 million metric tonnes (“MMT”) as of March 31, 2024.
For more information, click www.jswcement.in
JSW Cement IPO GMP, Particulars & Guidance
| JSW Cement IPO Details | |
| IPO opens on | 2025 |
| IPO closes on | 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 4000 Crore |
| * Fresh Issue | ? Shares / Rs 2000 Crore |
| * Offer for Sale | ? Shares / Rs 2000 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered | Shares | Rs. in Crore |
| QIB (75 %) | ||
| NII (15 %) | ||
| RII (10 %) | ||
| Employees | – | – |
| Total Shares | ||
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in JSW Cement IPO? | Amount Rs. |
|
| Min Retail Application | ? Shares | ? |
| Max Retail Application | ? Shares | ? |
| Small HNI (Min) application | ? Shares | ? |
| Small HNI (Max) application | ? Shares | ? |
| Big HNI Application | ? Shares | ? |
| What is the timetable of IPO? | |
| IPO opens on | 2025 |
| IPO Closes on | 2025 |
| IPO Allotment on | 2025 |
| Unblocking of ASBA | 2025 |
| Credit of Shares | 2025 |
| Listing on | 2025 |
| Registered Office of the company | |
| JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India |
|
| The Lead Managers of the IPO JM Financial Limited Axis Capital Limited Citigroup Global Markets India Pvt ltd DAM Capital Advisors Ltd Goldman Sachs (India) Securities Pvt ltd Jefferies India Pvt ltd Kotak Mahindra Capital Company ltd SBI Capital Markets ltd |
|
| Registrar to IPO | |
| Kfin Technologies ltd |
| JSW Cement IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 4863 | 232.64 | 2.48 | 11.46 |
| 2022-23 | 5922 | 104.04 | 1.39 | 5.97 |
| 2023-24 | 6114 | 62.01 | 0.91 | 3.64 |
| Book Value of the Share on 31.03.2024 |
Rs. | 24.99 | ||
| BV after the IPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| IPO Ratio Analysis | |
| Price /EPS | ? |
| Price/BV | ? |
| Debt/ Equity | ? |
How JSW Cement IPO compares with the Peers?
| As on date of RHP | FV | Total Income | PE |
| Rs. | in Rs. Crore | Ratio of | |
| JSW Cement | 10 | 6028 | ? |
| Ultratech Cement | 10 | 70908 | 46.55 |
| Ambuja Cement | 2 | 33159 | 37.93 |
| Shree Cement | 10 | 20521 | 36.57 |
| Dalmia Bharat | 2 | 14691 | 39.57 |
| J K Laxmi Cement | 10 | 11556 | 41.31 |
| The Ramco Cement | 1 | 9376 | 50.66 |
| India Cement | 10 | 5112 | – |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
JSW Cement IPO Review * by Paresh Gordhandas, CA & Research Analyst.
Will post our review once the price band and other details are announced by the company
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