JSW Cement, a key player in India’s infrastructure growth story, is all set to launch its much-awaited Initial Public Offering (IPO). The company has fixed its price band at ₹139 to ₹147 per share, aiming to raise a total of ₹3,600 crore. This includes ₹1,600 crore via fresh issue and ₹2,000 crore through Offer for Sale (OFS). The IPO will open for subscription from August 7 to August 11, 2025, with the shares scheduled to list on August 14.
With a growing footprint in the cement industry, a focus on green cement, and strong demand in the unofficial grey market, the IPO has already sparked investor interest. Here’s everything you need to know.
JSW Cement IPO Price Band, Dates & Allocation: The Core Details
JSW Cement’s IPO price band is set at ₹139–147 per share with a lot size of 102 shares. The issue opens to anchor investors on August 6, while public bidding begins on August 7 and closes on August 11, 2025. The allotment will be finalized on August 12, refunds and share credits will happen by August 13, and listing will take place on August 14 on both BSE and NSE.
The allocation structure follows SEBI norms:
- 50% reserved for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NIIs)
- 35% for Retail Investors
This structured approach ensures a wide and fair distribution among different classes of investors.
JSW Cement IPO Grey Market Premium (GMP) Indicates Strong Demand
As of now, JSW Cement’s IPO is showing Grey Market Premium (GMP) of ₹20–21 per share, which translates to a 12–13.6% premium over the upper price band of ₹147. For example:
- One trading source shows a GMP of ₹19 (approx. 12.9%)
- Another indicates a GMP range of ₹20–21 (≈13%)
This unofficial grey market activity signals strong investor sentiment and expected listing gains. However, it’s important to note that while GMP can reflect early demand, it does not guarantee post-listing performance.
Company Profile & Use of Funds: Building India’s Future
JSW Cement currently operates seven manufacturing units across India—including plants in Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, Odisha, and West Bengal. As of March 2025, its installed grinding capacity stood at 20.60 million metric tonnes per annum (MMTPA). The company aims to triple this capacity to 60 MMTPA, signaling strong future growth.
Use of IPO proceeds includes:
- ₹800 crore for a new integrated cement plant in Nagaur, Rajasthan
- ₹520 crore for debt repayment
- Remaining funds for general corporate purposes
The company’s emphasis on green cement like Portland Slag Cement and Concreel HD reflects its focus on sustainability. It utilizes industrial by-products such as fly ash and slag, helping reduce carbon emissions and align with India’s green goals.
JSW Cement IPO Details
| Feature | Details |
|---|---|
| Price Band | ₹139–₹147 per share |
| IPO Size | ₹3,600 crore (₹1,600 cr fresh + ₹2,000 cr OFS) |
| IPO Dates | August 7–11, 2025 |
| Listing Date | August 14, 2025 |
| Grey Market Premium (GMP) | ₹20–21/share (~12–13.6% gain) |
| Use of Proceeds | New plant in Rajasthan, debt repayment |
| Current Capacity | 20.6 MMTPA |
| Future Goal | Expand capacity to 60 MMTPA |
Conclusion
The ongoing GMP buzz reflects a positive market mood, with retail and institutional investors showing early interest. However, while strong grey market activity is a good sign, it shouldn’t replace fundamental research.
F.A.Q.
– What is the price band of JSW Cement IPO?
The IPO price band is set at ₹139 to ₹147 per share.
– What are the IPO opening and listing dates?
The IPO opens on August 7, 2025, and lists on August 14, 2025.
– What is the grey market premium (GMP) for JSW Cement?
The GMP ranges between ₹20–21, indicating a 12–13.6% expected upside.
– How will JSW Cement use the IPO proceeds?
Funds will be used for a new plant in Rajasthan, debt repayment, and general corporate purposes.
– How much is allocated for retail investors?
35% of the IPO is reserved for retail investors.
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