IPO Details
Bidding Dates
07 Aug '25 - 11 Aug '25
Minimum Investment
₹14,994/ 1 Lot (102 Shares)
Price Range
₹139 -₹147
Maximum Investment
₹1,94,922/ 13 Lots (1,326 Shares)
Retail Discount
To be announced
Issue Size
₹3,600.00 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |JSW Cement Limited IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Aug 07, 25
IPO Closing Date
Aug 11, 25
Basis of Allotment
Aug 12, 25
Initiation of Refunds
Aug 13, 25
Listing Date
Aug 14, 25
JSW Cement IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
|
Day 1Aug 6, 2025 |
0.24 | 0.21 | 0.38 | 0.30 |
About JSW Cement IPO
JSW Cement IPO is a book-building issue of ₹3,600.00 crore. The offer includes a fresh issue of 10.88 crore shares worth ₹1,600.00 crore and an offer for sale of 13.61 crore shares aggregating to ₹2,000.00 crore.
The IPO opened for subscription on August 7, 2025, and will close on August 11, 2025. The allotment is expected to be finalised on Tuesday, August 12, 2025. The shares are proposed to be listed on BSE and NSE, with a tentative listing date set for Thursday, August 14, 2025.
The price band for the issue is fixed between ₹139 to ₹147 per share. The lot size for an application is 102 shares. For retail investors, the minimum investment amount is ₹14,178 for 102 shares. For sNII, the minimum application is 14 lots (1,428 shares) amounting to ₹2,09,916, while for bNII, it is 67 lots (6,834 shares) amounting to ₹10,04,598.
JM Financial Limited is acting as the book-running lead manager for the IPO, and Kfin Technologies Limited is the registrar for the issue. Detailed information is available in the JSW Cement IPO RHP.
Industry Outlook
- The Indian cement industry is expected to grow at a CAGR of 5-6% from 2024 to 2028, driven by infrastructure projects and urbanisation. This growth will provide JSW Cement with opportunities to expand its market share and increase revenue.
- The demand for eco-friendly cement is projected to rise by 20% annually as construction companies aim to reduce carbon footprints. JSW Cement, with its focus on green products, is well-positioned to benefit from this trend.
- The industry is likely to see a capacity expansion of 80-100 million tonnes by 2025. JSW Cement can capitalise on this by enhancing its production capabilities to meet future demand.
JSW Cement IPO Objectives
The company plans to allocate the net proceeds from the fresh issue for the following purposes:
- ₹8,000 million will be used to partially fund the development of a new integrated cement plant in Nagaur, Rajasthan.
- ₹7,200 million will go towards repaying or settling existing debts.
- The remaining part of the proceeds will be allocated for general corporate purposes.
About JSW Cement Limited
JSW Cement Limited is recognised as the fastest-growing cement manufacturing company in India, particularly in terms of installed grinding capacity and sales volume from Fiscal 2014 to Fiscal 2024. The company achieved an impressive compound annual growth rate (CAGR) of 14.14% in installed grinding capacity and 19.06% in sales volume during this period, outpacing the industry averages of 7.31% and 7.56%.
As of March 31, 2024, JSW Cement Limited had an installed grinding capacity of 20.60 million metric tonnes per annum (MMTPA) across India, with significant expansion plans to reach 40.85 MMTPA. The company is a leader in green cement production, focusing on eco-friendly products like ground granulated blast furnace slag (GGBS), which constituted 80.68% of its sales volume in Fiscal 2024. With a lower clinker-to-cement ratio than industry peers, JSW Cement demonstrates a commitment to sustainability, reflected in its carbon dioxide emission intensity, which was significantly lower than both Indian and global peers in Fiscal 2024.
JSW Cement operates seven plants across India, strategically located near limestone mines and steel plants to ensure cost-effective operations. The company's distribution network, as of March 31, 2024, includes 5,043 dealers and 10,412 sub-dealers, serving a wide range of customers across India. The company's growth and success are strengthened by its association with the JSW Group, providing access to essential raw materials and power.
How To Check the Allotment Status of JSW Cement IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the JSW Cement IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the JSW Cement IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of JSW Cement Limited
Registered office: JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India
Phone: +91 22 4286 3115
E-mail: secretarial.jswcl@jsw.in
JSW Cement IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares |
12,24,48,980 (50.00%) |
|
NII (HNI) Shares |
13,67,34,694 (15.00%) |
|
Retail Shares |
8,57,14,286 (35.00%) |
|
Total Shares |
24,48,97,960 (100.00%) |
JSW Cement IPO Lot Size
|
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 Prospectus
JSW Cement IPO Registrar and Lead Managers
JSW Cement IPO Lead Managers
- Jm Financial Limited
Registrar for JSW Cement IPO
Kfin Technologies Limited
- Contact Number: 04067162222, 04079611000
- Email Address: ipo@kfintech.com
JSW Cement IPO Registrar
Financial Performance of JSW Cement Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue From Operations (in ₹ million) | 60,281.03 | 58,367.24 | 46,685.70 |
| Profit After Tax (PAT) (in ₹ million) | 620.13 | 1,040.38 | 2,326.49 |
| Cash & Cash Equivalents (in ₹ million) | 1,181.60 | 511.34 | 1,648.33 |
| Net Worth (in ₹ million) | 24,646.81 | 22,921.00 | 21,306.53 |
| EBITDA (in ₹ million) | 10,356.56 | 8,269.65 | 9,510.60 |
| Return on Capital Employed (RoCE) (%) | 11.08 | 6.46 | 8.57 |
| Return on Equity (ROE) (%) | 4.66 | 6.87 | 13.18 |
Know before investing
Strengths
6-
JSW Cement is India’s fastest-growing cement maker, with top rankings in capacity and sales increases.
-
JSW Cement leads India in GGBS production, dominating with an 82.70% market share.
-
The company’s plants are optimally located for cost-effective sourcing and distribution.
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JSW Cement has the lowest CO₂ emissions in the industry, focusing on sustainable, by-product use.
-
The company enjoys a wide sales network and uses digital marketing and influencer programs to drive demand.
-
The company leverages JSW Group’s scale for better raw material access and competitive shipping rates.
Risks
6-
JSW Cement's operations depend on securing adequate limestone. Any supply issues could harm the company's financial health.
-
JSW Cement relies heavily on JSW Steel for blast furnace slag, which constitutes 90.93% of their total consumption.
-
JSW Cement’s operations require stable power and fuel supplies. Any interruptions could adversely affect operational efficiency.
-
JSW Cement must maintain high plant utilisation levels. Failing to do so may impact future growth and financial performance.
-
The Securities and Exchange Board of India has issued notices to JSW Cement’s promoters. Negative outcomes could damage the company's reputation.
-
JSW Cement does not own the JSW trademark. Any reputational damage to the trademark or JSW Group could affect the company’s financial stability.
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JSW Cement IPO FAQs
The JSW Cement IPO is a book-built issue IPO. It runs from August 7, 2025, to August 11, 2025.
The Basis of Allotment will happen on Tuesday, August 12, 2025.
The IPO subscription window will open on August 7, 2025.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 102 shares.
The listing date for JSW Cement IPO is Thursday, August 14, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
The issue size of the JSW Cement IPO is ₹3,600.00 crore.
The open and close dates for JSW Cement IPO are from August 7, 2025, to August 11, 2025.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Kfin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
The JSW Cement IPO is proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
