JSW Cement IPO Details
The key details of JSW Cement’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹3,600 Cr |
| Price Range | ₹139 - ₹147 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 102 |
| Investment (cut-off price) | ₹14,994 |
| Pre IPO Promotor Holding | 78.62% |
| Post IPO Promotor Holding | 72.34% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
JSW Cement IPO Timelines
The IPO process for JSW Cement includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
07/08/2025
Start Date11/08/2025
End Date13/08/2025
Refund Initiation13/08/2025
Credit of Shares to Demat Ac14/08/2025
Listing DateJSW Cement IPO Lot Size
The JSW Cement IPO has a fixed lot size of 102 shares, at an upper price band of ₹147 per share. For retail investors, the minimum application is 102 shares (1 lot) amounting to ₹14,994, while the maximum application is 1,326 shares (13 lots) totaling ₹1,94,922. For S-HNI investors, the minimum application is 1,428 shares (14 lots) worth ₹2,09,916, and the maximum is 6,732 shares (66 lots) amounting to ₹9,89,604. B-HNI investors need to apply for at least 6,834 shares (67 lots), which will cost ₹10,04,598.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 102 | ₹14,994 |
| Retail Maximum | 13 | 1326 | ₹1,94,922 |
| S-HNI Minimum | 14 | 1428 | ₹2,09,916 |
| S-HNI Maximum | 66 | 6732 | ₹9,89,604 |
| B-HNI Minimum | 67 | 6834 | ₹10,04,598 |
JSW Cement IPO Subscription Status
The subscription status for JSW Cement IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 16.71x | 11.60x | 1.91x | -- | 8.22x |
IPO Performance on Listing Day
On its listing day (August 14, 2025), JSW Cement IPO delivered a moderate debut on the exchanges. The stock opened at ₹153.50, reflecting a premium of 4.42% over the issue price of ₹147. It inched up to an intraday high of ₹154.77 before facing selling pressure and slipping to a low of ₹145.05. The stock eventually closed at ₹146.07, ending the day with a marginal loss of 0.63% over the issue price, suggesting cautious sentiment among investors despite the company’s strong brand presence in the cement industry.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹153.50 | ₹146.07 | ₹154.77 | ₹145.05 |
JSW Cement IPO Company Financials
JSW Cement reports robust performance in FY2025 with Total Income of ₹5,914.67 crores, managing expenses at ₹5,859.84 crores, and achieving a strong PAT (Profit After Tax) of -₹163.77 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹4,863.48 | ₹4,465.49 | ₹232.65 |
| FY 2023 | ₹5,982.21 | ₹5,838.68 | ₹104.04 |
| FY 2024 | ₹6,114.60 | ₹5,808.21 | ₹62.01 |
| FY 2025 | ₹5,914.67 | ₹5,859.84 | -₹163.77 |
About Company
JSW Cement Limited is recognized as the fastest-growing cement manufacturer in India, with significant growth in both installed grinding capacity and sales volume from Fiscal 2014 to Fiscal 2024. During this period, the company achieved a compound annual growth rate (CAGR) of 14.14% in installed capacity and 19.06% in sales volume, surpassing industry averages. As of March 31, 2024, JSW Cement had an installed grinding capacity of 20.60 million metric tonnes per annum (MMTPA) and aims to expand this to 40.85 MMTPA, reinforcing its position as a market leader.
A key focus of JSW Cement is its commitment to sustainability, particularly through the production of green cement, such as ground granulated blast furnace slag (GGBS), which made up 80.68% of its sales volume in Fiscal 2024. The company operates seven strategically located plants across India, ensuring cost-effective operations by being close to limestone mines and steel plants. With a distribution network of over 15,000 dealers and sub-dealers, JSW Cement serves a wide range of customers. Additionally, its association with the JSW Group provides access to crucial raw materials and power, contributing to its continued growth and success.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2006 | Manufacturing | Parth Jindal |
Know Before Investing
JSW Cement IPO Strengths
- JSW Cement has outpaced peers in the top 10 by achieving a 14.14% CAGR in installed grinding capacity and a 19.06% CAGR in sales volume from FY14 to FY24, reflecting operational momentum and market share gains.
- With strategic access to 1,098.88 million metric tons of limestone, JSW Cement is well-equipped to support expanded production and future business scalability.
- Seven plants across India and one in the UAE enable the company to serve southern, western, and eastern Indian markets, balancing regional demand and ensuring logistical efficiency.
- Strategically located plants, a low clinker-to-cement ratio, and strong supply chains help JSW Cement maintain cost leadership and operational flexibility against industry volatility.
- JSW Cement’s leadership in low-carbon products and emphasis on circular economy initiatives align with global and national environmental priorities, placing it at the forefront of industry evolution.
JSW Cement IPO Risks
- JSW Cement relies heavily on securing adequate limestone for clinker and blast furnace slag for its green cement products. Any shortfall, supply disruption, or challenges in mining or procurement could adversely affect operations and financial results.
- A significant portion of blast furnace slag, a key additive, is sourced from JSW Steel and its subsidiaries. Loss of access or unfavorable terms from any of these suppliers could directly impact the company’s core product output and profitability.
- The cement manufacturing process is highly power-intensive. Any interruption, shortages, or sudden hikes in the cost of power and fuel may lead to increased production costs and hamper profitability.
- JSW Cement’s profitability depends on optimal utilization of plant capacities. Factors such as decreased demand, raw material bottlenecks, or operational inefficiencies could lower utilization and negatively affect the bottom line.
- The company and certain promoters have received a SEBI show-cause notice relating to regulatory issues. Any adverse outcome could hurt the company’s reputation, impact fundraising ability, or lead to increased compliance costs.
- JSW Cement does not own the “JSW” trademark; it operates under a license from the JSW Group. If the right to use the JSW brand is lost or the group’s reputation suffers, the company’s market standing and financials may be impacted.
Swot Analysis for JSW Cement IPO
Strengths
Robust Backing and Group Synergy, Modern Manufacturing Infrastructure, Rapid Capacity Expansion
Weaknesses
Moderate Operating Profitability, Regional Revenue Concentration, Execution Risk from Aggressive Capex
Opportunities
Sustained India Infrastructure Growth, Green and Low-Carbon Demand, Technology and Product Innovations
Threats
Raw Material and Fuel Price Volatility, Industry Competition and Overcapacity, Cyclicality of Construction Sector
Company Details
JSW Cement Ltd.
JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India
Phone: +91 22 4286 3115
E-mail: secretarial.jswcl@jsw.in
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jswcement.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of JSW Cement IPO are:
- Part financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan
- Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company
- General Corporate Purposes
Jm Financial Limited , Axis Capital Limited, Citigroup Global Markets India Private Limited, Dam Capital Advisors Limited , Goldman Sachs (India) Securities Private Limited , Jefferies India Private Limited , Kotak Mahindra Capital Company Limited , SBI Capital Markets Limited are the book-running lead managers for the JSW Cement IPO.
JSW Cement has shown strong growth with a 14.14% CAGR in grinding capacity and 19.06 percent CAGR in sales volume from FY14 to FY24, outperforming industry averages. As one of India’s top 10 cement producers, it is well-positioned for continued expansion. While regulatory risks and raw material dependencies exist, its scale and momentum indicate solid long-term growth potential.
The issue price for the JSW Cement IPO is set between ₹139 to ₹147 per share.
To invest in one lot of JSW Cement IPO, you need ₹14,178 at the lower price band (₹139 per share) or ₹14,994 at the upper price band (₹147 per share) for a lot size of 102 shares.
JSW Cement IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 14, 2025.
Refund/unblocking of funds for JSW Cement IPO will begin on August 13, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your JSW Cement IPO shares on listing day (August 14, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.