JSW Cement has set the price band between Rs 139 a-147 per equity share for its upcoming Initial Public Offer (IPO). The company will be launching the issue on August 7 and closing the bidding on August 11.
JSW Cement aims to raise funds worth Rs 3,600 crore from the issue. The issue is a combination of a fresh issue of Rs 1,600 crore and an offer for sale of Rs 2,000 crore. The JSW Group company shares will carry a face value of Rs 10 per share.
The company will have a post-issue market capitalisation of Rs 20,041 crore at the upper end of the price range.
JSW Cement IPO: Application size
A retail investor will have to bid for a lot size of at least 102 shares and in multiples of 102 thereafter. This will sum up to a minimum investment of Rs 14,994 for one lot of shares at the upper end of the price band.
JSW Cement IPO: Allotment and listing
The allotment for the JSW Cement IPO is expected to be finalised on August 12. JSW Cement IPO is likely to hit the bourses, BSE and NSE on August 14, as per the tentative schedule.
JSW Cement IPO: Shares offered
The cement company has reserved 50% or Rs 1,800 crore worth of the IPO for the Qualified Institutional Bidders (QIB), while 15% for High Net Worth Individuals (HNIs), and the rest for retail investors.
JSW Cement IPO: Selling shareholders
After the IPO, JSW Cement‘s promoters, who currently hold 78.61% of the company, will own 72.33%. State Bank of India, Synergy Metals Investments Holding, and AP Asia Opportunistic Holdings Pte. Ltd. are among the selling shareholders in the IPO.
JSW Cement IPO: Objectives to raise money
According to JSW Cement, out of the raised funds, Rs 800 crore will be utilised to finance the cost of establishing a new integrated cement unit at Nagaur, Rajasthan, while another Rs 520 crore will be used to repay existing debt.
JSW Cement IPO: Financial performance
Talking about the financials of the company, JSW Cement made a net loss of Rs 163.8 crore in the financial year 2025 after making profits in the financial years 2023 and 2024.
JSW Cement IPO: Book manager and registrar
JM Financial is the book-running lead manager of the JSW Cement IPO, while Kfin Technologies is working as the registrar for the issue.
About JSW Cement
JSW Cement manufactures green cement in India. The company operates seven plants across the country, including one integrated unit, one clinker unit, and five grinding units located in Andhra Pradesh, Karnataka (Vijayanagar plant), Tamil Nadu (Salem plant), Maharashtra (Dolvi plant), West Bengal (Salboni plant), and Odisha (Jajpur plant and the majority-owned Shiva Cement clinker unit).