Highlights: Will JSW Cement list tomorrow?

The JSW Cement IPO consists of a total of 24,48,97,960 shares. Of this, 50% or 12,24,48,980 shares are reserved for Qualified Institutional Buyers (QIB), including 30% or 7,34,69,386 shares for Anchor Investors and 20% or 4,89,79,594 shares for QIBs excluding anchors. Non-Institutional Investors (NII) have been allocated 15% or 3,67,34,694 shares, while Retail Individual Investors (RII) will receive 35% or 8,57,14,286 shares.

JSW Cement IPO price band is set at Rs 147 per share. The lot size for an application is 102 shares. The minimum investment required for a retail investor is Rs 14,178 (102 shares). For sNII, the lot size is 14 lots (1,428 shares), requiring an investment of Rs 2,09,916, while for bNII, the lot size is 67 lots (6,834 shares), amounting to Rs 10,04,598.

The bidding for the JSW Cement IPO began on August 7, 2025, and closed on August 11, 2025. The allotment for the IPO was finalized on August 12, 2025. The JSW Cement IPO is set to list on the BSE and NSE, with the tentative listing date scheduled for August 14, 2025.

The JSW Cement IPO is a book-built issue totalling Rs 3,600 crore, including a fresh issue of 10.88 crore shares worth Rs 1,600 crore and an offer for sale of 13.61 crore shares valued at Rs 2,000 crore.

“On the valuation front, based on annualized FY25 earnings, a post-issue market capitalization of approximately Rs 2,00,415 million, and At the upper price band of Rs 147, the offer is made at around 36.7 times post IPO EV/EBITDA (FY25) making the issue appear aggressively priced. We believe JSW cement with its strong brand, core focus on growing GGBS product line across the North region as well giving the competitive advantage of increasing market share, strategic growth plans in grinding capacity, ease in supply & distribution and alignment with India’s sustainable infrastructure push going forward we may see profitability and returns in long run,” said the brokerage firm Anand Rathi in its IPO note.

JM Financial took the lead as the book-running lead manager for the issue, overseeing the entire IPO process with expert guidance, while Kfin Technologies managed the task of registrar services.

JSW Cement’s IPO, which opened for bidding between August 7 to August 11, has wrapped up on a strong note. Priced in the range of Rs 139–Rs 147 per share, the issue saw strong investor demand, closing with at a oversubscription of 7.77 times. The final issue price has been set at Rs 147 per share. The company’s market debut is slated for August 14.

“Despite consistent addition of capacities and gradual ramp-op of utilization across regions its revenue and EBIDTA has grown marginally at -0.2% and 2.3% CAGR, respectively over FY23-25, as the cement industry has been significantly impacted by persistent pricing pressure, driven by consolidation among large players. Further, in FY25 it had one of the lowest cement realization among the industry, while yielded sub-par profitability on a per ton basis, led by high raw material costs per ton, impacting overall financial performance,” said Deven Choksey Research in its IPO note.

“On the financial performance front, on a consolidated basis, the company has reported total income / net profit of Rs 59.82 billion / Rs 1.04 billion (FY23), Rs 61.15 billion / Rs 0.62 billion (FY24), and Rs 59.15 billion / -Rs 1.64 billion (FY25). If we attribute FY25 annualized earnings to its post-IPO fully diluted paid-up equity capital, then the asking price is at a negative P/E. Based on FY24 earnings, the P/E stands at 319.57,” said Bajaj Broking on JSW Cement IPO.

Here’s how you can check the JSW Cement IPO allotment status via the BSE website –

– Visit the BSE IPO allotment status page.

– Select ‘Equity’ as the issue type.

– From the dropdown menu, choose ‘JSW Cement’.

– Enter your application number or PAN.

– Complete the captcha by ticking ‘I’m not a robot’, then click on ‘Search’.

If you have applied for JSW Cement IPO, you can also check the allotment status online via NSE. The process to check on NSE is as listed below-

-You need to click on the NSE website and find “Equity & SME IPO Bid Details”

-You could also search directly for “NSE IPO allotment status.”

-You have to select JSW Cement from the list of IPOs

-After the applicants need to enter their PAN and Application Number.

-After that you have to simply click on submit to view the allotment result.

Read More: JSW Cement IPO allotment status today: How to check status on BSE, NSE, Kfin Technologies

Once the basis finalisation is done, you can then check the JSW Cement IPO allotment status online through BSE, NSE or the registrar’s website. In this case, it is Kfin Tech.

You have to click on the registrar website and Select ‘the IPO Name- (JSW Cement)’ from the dropdown.

Choose any of the following: PAN, Application Number, DP ID/Client ID, or Bank Account Number.

Fill in the necessary details and press Search to check your status.

All eyes are on the JSW Cement IPO allotment status. Normally, the IPO allotment is after the basis of allotment is finalised. The basis of allotment is not available online yet. The basis of allotment is done maximu within a week after the IPO share bidding closes. However, in recent tims, we have been noticing the basis being finalised the very next day. Even for JSW Cement IPO, this is whatthe expectation is . The registrar of the JSW Cement IPO, KFin Tech finalises the IPO basis of allotment status.

The JSW Cement GMP has been trending lower. The GMP is currently at 3%, it has been slipping for the last few days. It had risen as high as Rs 19 per share but has now slipped to Rs 4 per share.

The JSW Cement IPO subscribed 7.77 times on final day of the bidding. The issue received bids of 1,40,91,39,588 shares against the offered 18,12,94,964 equity shares, at a price band of Rs 139-147 per share.

The Retail segment was subscribed 1.81 times and Non-Institutional Investors Portion has got 10.97 times subscription. Meanwhile Qualified Institutional Buyer Portion was subscribed 15.80 times.

If you have applied for the JSW Cement IPO and expect an allotment. You can easily check it online on BSE, NSE and K Fin Tech, the official IPO registrar.

For more details on how to check allotment online, you can log onto Financial Express.com, for a step by step process.

Fresh funds will go into building a new integrated cement unit at Nagaur, Rajasthan (Rs 800 crore), reducing debt (Rs 520 crore), and supporting general corporate needs.

The IPO came with a price band of Rs 139–Rs 147 per share and aimed to raise Rs 3,600 crore in total. Of this, Rs 1,600 crore is fresh capital for the company, while the remaining Rs 2,000 crore is an offer for sale by existing shareholders.

JSW Cement’s public issue opened its doors to investors between August 7 and August 11. Share allotment is set for today, August 12, while the company’s big market debut will take place on August 14.