The big day for JSW Cement investors is here – allotment day. After an action-packed bidding window that ran from August 7 to 11, the Rs 3,600 crore IPO is all set to finalise its allotments today, August 12.
The company’s public issue drew interest from all categories of investors, and now the wait is on to see who gets the shares before its market debut.
JSW Cement IPO: When and where to check
Allotment status can be tracked online through three main platforms – BSE, NSE, and the registrar KFin Technologies. Each offers a simple process where you need basic details such as your PAN, application number, or DP ID to find out if you have secured a piece of the issue. Lets take a look-
Check on the BSE website
- Open the BSE website and go to the IPO allotment or search “BSE IPO allotment status”.
- Choose issue type Equity.
- From the dropdown/list, select JSW Cement Ltd (or the issue name shown).
- Enter your PAN or Application Number .
- Complete the captcha (tick “I’m not a robot”) and click Search / Submit.
- The page will show whether you’ve been allotted shares or not.
Check on the NSE website
- Open the NSE website and find “Equity & SME IPO Bid Details” or search “NSE IPO allotment status.”
- Select JSW Cement from the list of issues.
- Enter your PAN and Application Number.
- Click Submit to view the allotment result.
Check on the Registrar (KFin Technologies) site
- Go to KFin Technologies’ IPO allotment / status page.
- From the dropdown, pick JSW Cement.
- Choose an ID method: PAN, Application Number, DP ID / Client ID, or Bank Account Number.
- Enter the selected detail, complete any captcha, and click Search.
- KFin will display your allotment status and (if allotted) the number of shares.
JSW Cement IPO: Subscription run
The IPO closed with an overall subscription of 7.77 times, with institutional players leading the charge. Qualified institutional buyers overshot their quota by nearly 16 times, while high-net-worth investors subscribed close to 11 times. Retail investors put in bids nearly twice their allotted portion.
JSW Cement IPO: Countdown to listing day
JSW Cement shares will list on both BSE and NSE on August 14. The price band for the issue was fixed between Rs 139 to Rs 147, with the minimum lot size of 102 shares, translating to Rs 14,718 at the upper end.
JSW Cement IPO: How the funds will power growth
From the total issue size, Rs 1,600 crore is placed for fresh capital. This will go into setting up a new integrated cement plant in Rajasthan’s Nagaur district, trimming debt, and meeting other corporate needs. The remaining Rs 2,000 crore came from an offer for sale by existing shareholders.
About the company
Part of the JSW Group, JSW Cement has a strong niche in the Indian market, particularly in Ground Granulated Blast Furnace Slag (GGBS), where it holds a commanding 84% share.