The JSW Cement IPO represents a book building process amounting to ₹3,600.00 crores. This issue consists of a fresh issuance of 10.88 crore shares totaling ₹1,600.00 crores, alongside an offer for sale of 13.61 crore shares, which amounts to ₹2,000.00 crores.
The subscription period for the JSW Cement IPO commences on August 7, 2025, and concludes on August 11, 2025. The allotment for this IPO is anticipated to be finalized on Tuesday, August 12, 2025. Furthermore, the JSW Cement IPO is set to be listed on both BSE and NSE, with a provisional listing date scheduled for Thursday, August 14, 2025.
The price band for the JSW Cement IPO is established between ₹139 and ₹147 per share. The application lot size is 102 shares. An individual retail investor must invest a minimum of ₹14,178 for 102 shares. For sNII, the lot size investment is 14 lots (1,428 shares), totaling ₹2,09,916, while for bNII, it is 67 lots (6,834 shares), amounting to ₹10,04,598.
Jm Financial Limited serves as the book-running lead manager for the JSW Cement IPO, whereas Kfin Technologies Limited acts as the registrar for this issue.
For comprehensive details, please refer to the JSW Cement IPO RHP.
JSW Cement IPO Details
| IPO Date | August 7, 2025 to August 11, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹139 to ₹147 per share |
| Lot Size | 102 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 24,48,97,958 shares (aggregating up to ₹3,600.00 Cr) |
| Fresh Issue | 10,88,43,537 shares (aggregating up to ₹1,600.00 Cr) |
| Offer for Sale | 13,60,54,421 shares of ₹10 (aggregating up to ₹2,000.00 Cr) |
| Issue Type | Book building IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,25,45,21,399 shares |
| Share Holding Post Issue | 1,36,33,64,936 shares |
JSW Cement IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
JSW Cement IPO Timeline (Tentative Schedule)
JSW Cement IPO opens on August 7, 2025, and closes on August 11, 2025.
| 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 |
JSW Cement IPO Lot Size
Investors can bid for a minimum of 102 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 Promoter Holding
Sajjan Jindal, Parth Jindal, Sangita Jindal, Adarsh Advisory Services Private Limited and Sajjan Jindal Family Trust are the company promoters.
| Share Holding Pre Issue | 78.62% |
| Share Holding Post Issue | 72.34% |
Company Financials
JSW Cement Ltd. Financial Information (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 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 | |||
About JSW Cement Ltd.
Incorporated in 2006, JSW Cement Limited is a producer of eco-friendly cement in India. As a member of the JSW Group, the organization is dedicated to sustainability and innovation within the cement sector.
The company operates seven facilities throughout the nation, which include one integrated unit, one clinker unit, and five grinding units situated in Andhra Pradesh (Nandyal plant), Karnataka (Vijayanagar plant), Tamil Nadu (Salem plant), Maharashtra (Dolvi plant), West Bengal (Salboni plant), and Odisha (Jajpur plant along with 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, which includes 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:
Cement: Blended Cement and Ordinary Portland Cement
Ground Granulated Blast Furnace Slag: GGBS is frequently utilized in blended cement products such as PSC and PCC and serves as a substitute material for OPC in concrete manufacturing.
Clinker: Clinker is produced by heating limestone and clay together at elevated temperatures.
Allied Cementitious Products: RMC, Screened Slag, Construction Chemicals
JSW Cement Limited markets its products through a well-established distribution network. As of March 31, 2025, the company had a distribution network consisting of 4,653 dealers, 8,844 sub-dealers, and 158 warehouses.
Competitive Strengths:
The company is recognized as the fastest-growing cement manufacturing entity in India regarding the increase in installed grinding capacity and sales volume.
It is the largest producer of GGBS in India and has a solid history of expanding this segment of the business.
The plants are strategically positioned and well-connected to sources of raw materials and major consumption markets.
The company boasts the lowest carbon dioxide emission intensity among its peer cement manufacturing firms and leading global cement manufacturers.
It has an extensive sales and distribution network across India and emphasizes a robust brand presence.
The company benefits from