JSW Cement is coming with its IPO worth ₹3,600 Cr, which is a combination of a fresh issue of ₹1600 Cr and OFS of ₹2000 Cr. JSW Cement IPO opens for subscription on 7 Aug 2025 and will close on 11 Aug 2025. The allotment of shares is expected to be finalized on 12 Aug 2025 and the shares are likely to be listed on BSE & NSE on 14 Aug 2025. The price band for IPO is set between ₹139 to ₹147 per share. JSW Cement GMP Today on 8 Aug trading at 8.16% up.
About JSW Cement IPO
JSW Cement, established in 2006, is part of the JSW Group and focuses on producing eco-friendly cement in India. The company runs seven plants across the country, including one integrated plant, one clinker unit, and five grinding units located in Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, West Bengal, and Odisha.
By 31 March 2025, the company had a total grinding capacity of 20.60 million metric tonnes per annum (MMTPA), with 11.00 MMTPA in South India, 4.50 MMTPA in the West, and 5.10 MMTPA in the East.
JSW Cement offers a range of products such as blended and ordinary Portland cement, GGBS, clinker (a key raw material for cement), and other cement-related products like ready-mix concrete (RMC), screened slag, and construction chemicals.
To support its wide reach, the company had a strong distribution network of 4,653 dealers, 8,844 sub-dealers, and 158 warehouses as of March 2025.
JSW Cement IPO Highlights
- JSW Cement’s IPO is worth ₹3600 Cr and the price band is set between ₹139 to ₹147.
- The IPO is a combination of a fresh issue of 10.88 Cr shares aggregating to ₹1,600.00 Cr and OFS of 13.61 Cr shares aggregating to ₹2,000.00 Cr.
- JSW Cement’s IPO will open for subscription on 7 Aug 2025 and close on 11 Aug 2025. Share allotment is likely to take place on 12 Aug 2025 and the shares are expected to be listed on BSE and NSE on 14 Aug 2025.
- Promoters currently hold 78.62% of the company but after the IPO, their shareholding will come down.
- The issue aims to raise funds for setting up a new cement unit in Nagaur (₹800 Cr), repaying existing borrowings (₹520 Cr ), and for general corporate purposes.
- Kfin Technologies will be the registrar for JSW Cement's IPO.
JSW Cement IPO GMP Today
As of 8th Aug 2025, JSW Cement GMP today is trading at ₹12 up from the upper price band of ₹147, shares are expected to list at ₹159, which represents 8.16%. In the coming days, GMP may change, and we’ll keep updating as new details come in.
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- Date: 8 Aug 2025
- JSW Cement GMP: ₹12 ( 8.16%)
- Date: 7 Aug 2025
- JSW Cement GMP: ₹13( 8.84%)
- Date: 6 Aug 2025
- JSW Cement GMP: ₹6 ( 4.08%)
- Date: 5 Aug 2025
- JSW Cement GMP: ₹14 ( 9.52%)
- Date: 4 Aug 2025
- JSW Cement GMP: ₹19 ( 12.93%)
How can you apply for JSW Cement IPO?
Retail investors can apply for a minimum of 1 lot, which includes 102 shares costing ₹14,994. Maximum investment allowed for retail investors is 13 lots which totals 1326 shares and costs ₹1,94,922.
| 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 Financial
JSW Cement reported a PAT of (₹163.77) Cr in 31 March 2025 and in FY24 reported ₹62.01 Cr. Over the past 3 years, its profit has been continuously fluctuating. All financial details are provided in the table below.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
|
Assets (₹ Crores) |
12,003.94
|
11,318.91
|
10,218.61
|
|
Total Income (₹ Crores) |
5,914.67
|
6,114.60
|
5,982.21
|
|
PAT (₹ crores)
|
-163.77
|
62.01
|
104.04
|
|
EBITA(₹ Crores) |
815.32 |
1,035.66
|
826.97 |
|
Net Worth (₹ Crores) |
2,352.55
|
2,464.68
|
2,292.10
|
|
Reserves and Surplus (₹ Crores) |
1,287.31
|
1,399.06
|
1,296.66 |
|
Total Borrowing (₹ Crores) |
6,166.55 |
5,835.76
|
5,421.54
|
JSW Cement IPO Peer Comparison
JSW Cement has the lowest EPS compared to its peers, which is not a very good sign for investors. Below is a quick comparison of JSW Cement vs Ultratech Cement
| Company | EPS Diluted | P/E(x) |
|---|---|---|
|
JSW Cement |
-1.16 |
-
|
|
Ultratech Cement
|
205.13 |
59.56
|
|
Ambuja Cements
|
16.96
|
35.97
|
|
Shree Cement
|
311.18
|
97.77
|
|
Dalmia Bharat |
36.42
|
60.39
|
|
JK Cement
|
111.44
|
58.39
|
|
Ramco Cements
|
11.53
|
103.50
|
|
India Cements
|
153.23
|
2.38
|
JSW Cement IPO Quota Allocation
- QIB Investors: 50% of the net issue
- Retail Investors: 35% of the net issue
- NII (HNI) Investors: 15% of the net issue
Listing Date of JSW Cement IPO
- Subscription Period: 7 Aug to 11 Aug 2025
- Basis of Allotment Finalization: 12 Aug 2025
- Initiation of Refunds: 13 Aug 2025
- Demat Credits: 13 Aug 2025
- Listing Date: 14 Aug 2025
- Listing on: BSE, NSE
Strengths and Weaknesses of JSW Cement IPO
Knowing about the strengths and weaknesses of JSW IPO helps you make an informed decision.
- One of the fastest-growing cement producers among top 10 in terms of capacity and sales growth.
- Holds a dominant position in the Ground Granulated Blast Furnace Slag (GGBS) market with an 82.7% share in FY24.
- Possesses substantial limestone reserves totaling 1,098.88 MMT.
- Plants are strategically positioned to optimize operational and logistics costs.
- Relies heavily on steel industry by products like slag for raw materials.
- Faces challenges from regulatory changes and environmental compliance.
- Delays in expansion projects could negatively impact its financial performance.
- High dependency on specific regions and customer segments poses a concentration risk.
JSW Cement IPO FAQs (Frequently Asked Questions)
What is the total issue size of JSW Cement’s IPO?
The total size of JSW Cement’s IPO is ₹3600 Cr
When will JSW Cement IPO open and close?
JSW Cement’s IPO will open for subscription on 7 Aug 2025 and close on 11 Aug 2025.
What is the lot size for JSW Cement IPO?
Retail Investors can bid for a minimum of 1 lot, which includes 102 shares. And one lot will cost you around ₹14,994.
What is the share allotment date for JSW Cement IPO?
The allotment of shares is expected to be completed by 12 Aug 2025.
Who is the registrar of JSW Cement IPO?
Kfin Technologies is the registrar for JSW Cement’s IPO.
Where will JSW Cement shares be listed?
The shares are planned to be listed on BSE and NSE.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
