The JSW Cement IPO is set to open on August 7, 2025, offering investors a chance to own shares in one of India’s fastest-growing green cement manufacturers. With an issue size of ₹3,600 crore, the IPO combines a fresh issue and an offer for sale, aiming to fund capacity expansion and strengthen the balance sheet. JSW Cement operates six GGBS units and has a grinding capacity of 20.6 million tonnes per annum, with expansion plans to nearly double capacity soon. Known for its commitment to eco-friendly products and efficient operations, JSW Cement dominates the Indian cement market’s green segment. The JSW Cement IPO provides exposure to the growing construction and infrastructure sectors through a company focused on sustainability and innovation.
₹5
₹147
₹153.50
Expert Opinions
The JSW Cement IPO enjoys mixed market sentiment, recognized for the company’s strong presence in the green cement segment but tempered by recent financial challenges. JSW Cement is backed by the well-established JSW Group, bringing operational expertise and growth potential. Company strengths include its 20.6 million tonnes per annum grinding capacity across multiple regions and a clear focus on sustainability through eco-friendly products.
However, risks include a reported negative Return on Equity (ROE) of -6.90% for FY 2025, reflecting losses that heavily impact profitability, and competitive pressures in a cyclical cement industry. The company’s Return on Capital Employed (ROCE) stands modestly at 7.05%, and Net Asset Value (NAV) is ₹23.85 per share, indicating room for operational and financial improvement. From a long-term perspective, investors with patience may find value in JSW Cement’s expansion plans and green initiatives. The JSW Cement IPO suits cautious investors eyeing growth in sustainable infrastructure with risks acknowledged.
Investor Considerations
The JSW Cement IPO presents mixed investor considerations due to recent financial performance. The company reported a revenue decline of 3% to ₹5,914.67 crore in FY 2025 and a net loss reflected in a negative PAT margin of -2.77%. The company’s Price to Book Value stands at 6.16 with a debt-to-equity ratio of 0.98, indicating moderate leverage. Operating in the cyclical cement industry, the sector outlook remains influenced by infrastructure growth but subject to demand-supply fluctuations and input cost volatility.
Growth prospects rely on capacity expansion, green cement production, and sustainable practices. Key risks include market cyclicality, competitive pricing pressures, and capital-intensive operations. The IPO suits long-term investors willing to withstand near-term volatility for potential gains from the company’s scale and green initiatives, while short-term investors should be cautious of earnings swings. The JSW Cement IPO offers exposure to India’s evolving cement sector with sustainability focus.
| Date | GMP | Trend |
|---|---|---|
| 13 Aug 2025 10.47 | ₹5 | --- |
| 12 Aug 2025 10.41 | ₹5 | --- |
| 11 Aug 2025 11.00 | ₹5 | Down |
| 10 Aug 2025 14.49 | ₹10 | --- |
| 09 Aug 2025 12.17 | ₹10 | --- |
| 08 Aug 2025 19.41 | ₹10 | Down |
| 07 Aug 2025 19.45 | ₹15 | Up |
| 06 Aug 2025 18.35 | ₹10 | Down |
| 05 Aug 2025 19.17 | ₹15 | Down |
| 04 Aug 2025 11.54 | ₹20 | Down |
| 02 Aug 2025 17.53 | ₹25 | Up |
| 31 Dec 2024 10.38 | ₹00 | --- |
| 30 Dec 2024 10.55 | ₹00 | --- |
| 29 Dec 2024 12.04 | ₹00 | --- |
| 28 Dec 2024 11.54 | ₹00 | --- |
| 27 Dec 2024 11.13 | ₹00 | --- |
| 26 Dec 2024 11.22 | ₹00 | --- |
| 25 Dec 2024 11.16 | ₹00 | --- |
| 24 Dec 2024 10.54 | ₹00 | --- |
| 23 Dec 2024 17.03 | ₹00 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting JSW Cement IPO’s listing performance. With a final GMP of ₹5, it projected a premium of 3.40% over the issue price of ₹147. The stock listed at ₹153.50, delivering a gain of 4.42%. This resulted in a small prediction error of 1.02%, where the GMP correctly signaled a positive listing and closely aligned with the actual gain, reflecting fair reliability in this case.
JSW Cement IPO Current GMP is ₹5.
JSW Cement IPO Expected Returns is 3.40%.
JSW Cement IPO estimated listing price is ₹152.