JSW Cement IPO is a book-built issue aiming to raise ₹3,600.00 crore. It comprises a fresh issue of 10.88 crore equity shares aggregating to ₹1,600.00 crore and an offer for sale of 13.61 crore equity shares amounting to ₹2,000.00 crore. The bidding window was open from August 7, 2025, to August 11, 2025, with the IPO allotment to be finalised on August 12, 2025. JSW Cement is scheduled to list on BSE and NSE on August 14, 2025.
The IPO was priced at ₹139–₹147 per share with a lot size of 102 shares. The public issue received bids for 1,40,88,35,016 shares against 17,14,28,574 shares available, resulting in an overall subscription of 8.22 times. QIBs led the response, subscribing 16.71 times their quota, followed by NIIs at 11.60 times and retail investors at 1.91 times.
JSW Cement’s ₹3,600.00 crore IPO, priced at ₹139–₹147 per share, was subscribed 8.22 times overall. The IPO consists of a fresh issue of 10.88 crore equity shares aggregating to ₹1,600.00 crore and an offer for sale of 13.61 crore equity shares amounting to ₹2,000.00 crore. Bidding took place from August 7 to August 11, 2025, with the JSW Cement IPO allotment status on August 12, 2025. Retail investors subscribed 1.91 times and NIIs 11.60 times. Listing is expected on August 14, 2025.
The table below breaks down the JSW Cement share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
Investor Category | Shares Offered |
QIB Shares Offered | 12,24,48,980 (50.00%) |
− Anchor Investor Shares Offered | 7,34,69,386 (30.00%) |
− QIB (Ex. Anchor) Shares Offered | 4,89,79,594 (20.00%) |
NII (HNI) Shares Offered | 3,67,34,694 (15.00%) |
− bNII > ₹10L | 2,44,89,796 (10.00%) |
− sNII < ₹10L | 1,22,44,898 (5.00%) |
Retail Shares Offered | 8,57,14,286 (35.00%) |
Total Shares Offered | 24,48,97,960 (100.00%) |
Data Source: NSE
Category | Subscription (times) |
Qualified Institutional Buyers | 16.71 |
Non-Institutional Investors | 11.6 |
Retail Individual Investors | 1.91 |
Total shares | 8.22 |
Note: The subscription details are as of August 11, 2025
JSW Cement Limited, incorporated in 2006, is a leading manufacturer of green cement in India and forms part of the JSW Group. The company operates seven plants across the country, comprising one integrated unit, one clinker unit, and five grinding units. These facilities are strategically located in Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, West Bengal, and Odisha, enabling efficient access to raw material sources and major consumption markets.
As of March 31, 2025, JSW Cement had an installed grinding capacity of 20.60 MMTPA, distributed across the southern, western, and eastern regions of India. Its product portfolio includes blended cement, ordinary Portland cement, ground granulated blast furnace slag (GGBS), clinker, and allied cementitious products such as ready-mix concrete, screened slag, and construction chemicals. The company is the largest manufacturer of GGBS in India, supporting its focus on sustainable and eco-friendly construction solutions.
The company maintains a robust distribution network with 4,653 dealers, 8,844 sub-dealers, and 158 warehouses as of March 31, 2025. This network ensures strong market penetration and brand visibility across the country. JSW Cement’s low carbon dioxide emission intensity sets it apart from peers in the Indian and global cement industries.
Benefiting from the strong corporate lineage of the JSW Group, the company has achieved rapid capacity and sales growth in recent years. Its strategic expansion plans include establishing a new integrated cement unit in Nagaur, Rajasthan, aimed at further strengthening its market position and operational capacity.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 11, 2025, 7:19 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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