MUMBAI, 4 AUGUST, 2025 (GPN): JSW Cement Limited Rs 3,600 crore IPO will open for public subscription on Wednesday, 7 August 2025 and close on Sunday, 11 August 2025.The allocation to anchor investors for the JSW Cement IPO is scheduled to take place on Wednesday, 6 August 2025. The JSW Cement IPO lot size is 102 equity shares and in multiples of 102 equity shares thereafter. JSW Cement IPO price band has been fixed in the range of Rs. 139 to Rs. 147 per equity share of the face value of Rs. 10.

The IPO comprises a fresh issue of equity shares worth Rs 1,600 crore and an offer for sale (OFS) of shares aggregating to Rs 2,000 crore. The public issue has been structured with up to 50% reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and not less than 35% of the offer is reserved for retail investors.

Tentatively, JSW Cement IPO basis of allotment of shares will be finalised on Tuesday, August 12 and the company will initiate refunds on Wednesday, August 13 while the shares will be credited to the demat account of allottees on the same day following refund. JSW Cement share price is likely to be listed on BSE and NSE on Thursday, August 14.

The initial public offering includes a new issuance of equity shares valued at Rs. 1,600 crore alongside an Offer for Sale (OFS) of shares amounting to Rs. 2,000 crore from investor shareholders.

Within the OFS, Apollo Management, through its affiliate AP Asia Opportunistic Holdings Pte Ltd, will sell shares worth Rs 931.80 crore, while Synergy Metals Investments Holding Ltd will offer shares valued at Rs 938.50 crore, and the State Bank of India (SBI) will divest shares totalling Rs 129.70 crore.

Synergy Metals is a subsidiary of a private equity fund founded in 2015 by former Arcelor Mittal executive Sudhir Maheshwari.

According to the draft documents, the company plans to allocate Rs. 800 crore to partly fund a new integrated cement facility in Nagaur, Rajasthan, and Rs. 520 crore for the repayment or prepayment of its existing borrowings. The remaining funds will be designated for general corporate expenditures.

The company based in Mumbai had previously aimed to raise Rs. 4,000 crore. When the papers were submitted, JSW Cement expressed an intention to garner Rs. 2,000 crore through a fresh issuance of equity shares and an OFS amounting to Rs. 2,000 crore from investor shareholders.Nonetheless, the amount for the new capital-raising has been reduced by Rs. 400 crore from the fresh issuance, as indicated in the latest Red Herring Prospectus (RHP).

JSW Cement Limited is a producer of eco-friendly cement in India. Being a part of the JSW Group, the company emphasizes sustainability and innovation within the cement sector.

The company has seven plants throughout the nation, which include one integrated unit, one clinker unit, and five grinding units situated in various locations: 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 boasted an installed grinding capacity of 20.60 MMTPA, with 11.00 MMTPA in the southern region, 4.50 MMTPA in the western region, and 5.10 MMTPA in the eastern region of India.

Mr. Parth Jindal, Promoter and MD of JSW Cement Limited told GPN he is excited that the group’s cement business IPO has been announced today and will get listed before Independence day. He adds that their auto JV with MG Motor plans to launch their first product by Diwali this year. He said, “The Indian cement sector is poised to grow exponentially in the coming few years. To capitalise on this growth potential, JSW Group is ramping up its cement production capacity through a mix of organic growth and acquisitions.”

He further added, “JSW Cement is predominantly in the South, West and East. So, our new capacity expansion is predominantly going to be in central and northern India. We will be adding about 25 million tonnes of greenfield capacity to reach 60 million tonnes.”

As per the red herring prospectus (RHP), the company’s listed peers are UltraTech Cement Ltd (with a P/E of As per the red herring prospectus (RHP), the company’s listed peers are UltraTech Cement Ltd (with a P/E of 59.56), Ambuja Cements Ltd (with a P/E of 35.97), Shree Cement Ltd (with a P/E of 97.77), Dalmia Bharat Ltd (with a P/E of 60.39), JK Cement Ltd (with a P/E of 58.39), The Ramco Cements Ltd (with a P/E of 103.50), and India Cements Ltd (with a P/E of 2.38).