JSW Cement IPO Details

JSW Cement, a major player in India’s green cement sector, is set to launch its much-anticipated Initial Public Offering (IPO) in August 2025. As one of the fastest-growing cement manufacturers, this IPO is drawing attention from both retail and institutional investors.

JSW Cement IPO Timeline

IPO Open Date	Thu, Aug 7, 2025
IPO Close Date	Mon, Aug 11, 2025
Tentative Allotment	Tue, Aug 12, 2025
Initiation of Refunds	Wed, Aug 13, 2025
Credit of Shares to Demat	Wed, Aug 13, 2025
Tentative Listing Date	Thu, Aug 14, 2025
Cut-off time for UPI mandate confirmation	5 PM on August 11, 2025

Key Details of JSW Cement IPO

• Issue Size:
  Total: ₹3,600 crore
  Fresh issue: ₹1,600 crore
  Offer for Sale (OFS): ₹2,000 crore.
• Price Band:
  ₹139 – ₹147 per share.
• Lot Size:
  Minimum 102 shares; minimum retail investment of about ₹14,178 – ₹14,994 at the upper price band.
• Lead Managers & Registrar:
  JM Financial as Book Running Lead Manager; KFin Technologies as Registrar.

Purpose: Where Will the Funds Go?

• Setting up a new integrated cement unit in Nagaur, Rajasthan (₹800 crore).
• Repayment/prepayment of borrowings (₹520 crore).
• General corporate purposes (remaining balance).

JSW Cement IPO offers total 24,48,97,960 shares. Out of which 12,24,48,980 (50.00%) allocated to QIB, 4,89,79,594 (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	Maximum Allottees
QIB Shares Offered	12,24,48,980 (50.00%)	NA
− Anchor Investor Shares Offered	7,34,69,386 (30.00%)	NA
− QIB (Ex. Anchor) Shares Offered	4,89,79,594 (20.00%)	NA
NII (HNI) Shares Offered	3,67,34,694 (15.00%)	NA
Retail Shares Offered	8,57,14,286 (35.00%)	8,40,336
Total Shares Offered	24,48,97,960 (100.00%)

About JSW Cement

• Founded in 2006; part of the diversified JSW Group.
• 20.6 MMTPA grinding capacity (March 2024), with plans to double capacity in coming years.
• India’s leading eco-friendly cement producer, using a low clinker-to-cement ratio and large volumes of industrial by-products.
• Presence across India and UAE with seven plants domestically and significant limestone reserves.

Financial Highlights & Industry Position

• Among the top three fastest-growing cement manufacturers in India.
• Recorded strong CAGR in both grinding capacity (14.14%) and sales volume (19.06%) between FY14–FY24, outperforming industry peers.
• Backed by strong parentage, operational efficiency from captive power plants, and waste heat recovery systems.
• Largest producer of ground granulated blast furnace slag (GGBS) in India.

Risks & Investor Considerations

• Reliance on related-party transactions within the JSW Group.
• Substantial debt and ongoing capex requirements.
• Regulatory risks due to changing environmental laws.
• Success depends on timely expansion and implementation of projects.
• Cyclicality of the cement and construction sector.

How to Apply for JSW Cement IPO :-

Applying for the JSW Cement IPO is simple with JM Financial Services. Here’s how:

1. Open a trading account on JM Pro or JM Financial Services website.
2. Go to the IPO section during the offer period
3. Enter the bid price and quantity
4. Confirm your application via UPI or net banking
5. Track allotment status directly through the platform

Final Word :-

The JSW Cement IPO stands out for its scale, green credentials, and strong group backing. It’s well suited for investors seeking exposure to infrastructure growth in India but requires careful consideration of industry cyclicality and ongoing expansion plans. Always review the RHP and consult with financial experts before investing.

Frequently Asked Questions (FAQ)

Q1: How can I apply for the JSW Cement IPO?
A1: Use ASBA through your bank’s net banking, UPI, or via a registered broker. Select the lot size and bid within the price band before August 11, 2025.

Q2: What is the minimum investment for retail investors?
A2: 102 shares, costing about ₹14,178–₹14,994 at the upper end of the price band.

Q3: What are the strengths and weaknesses of JSW Cement?
A3: Strengths include strong parentage, rapid growth, green focus, and broad market reach. Risks include high debt, regulatory exposure, and reliance on group transactions.

Q4: Where will JSW Cement be listed?
A4: Shares will list on the NSE and BSE.

Q5: When will allotments be finalized and shares credited?
A5: Allotment finalization on August 12; share credit and refunds on August 13; listing on August 14, 2025.