August 2, 2025
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JSW Cement IPO, valued at Rs.3,600 crore, comprises a fresh issue of Rs.1,600 crore and an offer for sale of Rs.2,000 crore. The IPO opens on August 7, 2025, and closes on August 11, 2025, with allotment expected on August 12, 2025. The shares will be listed on BSE and NSE, tentatively on August 14, 2025. The price band is yet to be announced. JM Financial Limited is the Book Running Lead Manager, and Kfin Technologies Limited is the Registrar to the issue.
Table of Contents
Latest updates of JSW Cement IPO Listing
The company will enter the market on 7th August and listing is expected on 14th August 2025. The company will offer 35% of the shares to the retail investors. The price band and lot are expected in the next week.
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:
+Part financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan Rs. 800 Crore
+Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the CompanyRs. 520 Crore
+General Corporate Purposes
What is the business of JSW Cement?
JSW Cement Limited IPO – Cementing Growth with Sustainability
Incorporated in 2006, JSW Cement Ltd, part of the renowned JSW Group, is a leading manufacturer of green and sustainable cement in India.
The company operates 7 plants across Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, West Bengal, and Odisha, with an impressive installed grinding capacity of 20.60 MMTPA as of March 31, 2025.
Product Portfolio includes Blended Cement, OPC, GGBS, Clinker, and allied products like RMC, Screened Slag, and Construction Chemicals.
With a robust distribution network of 4,653 dealers, 8,844 sub-dealers, and 158 warehouses, JSW Cement enjoys a strong presence across the southern, western, and eastern markets of India.
Focused on sustainability, innovation, and scale, JSW Cement is well-placed to capitalize on the booming cement sector.
JSW Cement IPO GMP, Particulars & Guidance
| JSW Cement IPO Details | |
| IPO opens on | 7 August 2025 |
| IPO closes on | 11 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 3600 Crore |
| * Fresh Issue | ? Shares / Rs 1600 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 | ? |
IPO Timetable
| IPO opens on | 7 August 2025 |
| IPO Closes on | 11 August 2025 |
| IPO Allotment on | 12 August 2025 |
| Unblocking of ASBA | 13 August 2025 |
| Credit of Shares | 13 August 2025 |
| Listing on | 14 August 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 Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| 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 | 1,366.20 | 1,478.33 | 1,305.75 |
| Total Borrowing | 6,166.55 | 5,835.76 | 5,421.54 |
| Amount in Rs. Crore | |||
Key Financial Indicators
| KPI | Values |
| ROE | -6.9 |
| ROCE | 7.05% |
| RoNW | -4.85% |
| PAT Margin | -2.77% |
| EBITDA Margin | 13.78% |
| EPS | |
| PE Ratio |
How JSW Cement IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| JSW Cement Limited | 3.64 | |
| Ultratech Cement Ltd. | 46.55 | 11.63 |
| Ambuja Cements Ltd. | 37.93 | 8.63 |
| Shree Cement Ltd. | 36.57 | 11.57 |
| Dalmia Bharat Ltd | 39.57 | 5.04 |
| J.k.cement Ltd. | 41.31 | 14.73 |
| The Ramco Cements Limited | 50.66 | 4.97 |
| India Cements Ltd. |
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IPO Review by Paresh Gordhandas CA and Research Analyst
Will soon update our review
The JSW Cement IPO is valued at ₹3,600 crore, comprising a fresh issue of ₹1,600 crore and an offer for sale of ₹2,000 crore.
The IPO opens for subscription on August 7, 2025, and closes on August 11, 2025.
The allotment is expected on August 12, 2025, and the tentative listing date is August 14, 2025, on both BSE and NSE.
JM Financial Limited is the Book Running Lead Manager, and Kfin Technologies Limited is the Registrar.
The cement sector is currently booming, driven by strong demand from infrastructure, housing, and industrial projects. This growth outlook adds potential strength to the JSW Cement IPO.
