JSW Cement IPO Details
The JSW Cement IPO is a book build issue with a total issue size of ₹3600 cr, comprising of fresh issue of 108843537 equity shares., and a offer for sale of 136054421 equity shares. JSW Cement IPO opened for subscription on Aug 07, 2025 and closed on Aug 11, 2025. JSW Cement IPO is set price band at ₹139 to ₹147 per share, with a lot size of 102 shares. Minimum investment for Retail investors was ₹14,994.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 12, 2025, and listed on both the NSE and BSE on Aug 14, 2025.
Kfin Technologies Limited has been appointed as the registrar. Citigroup Global Markets India Private Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, JM Financial Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the Book Running Lead Manager for the issue.
Before investing in the JSW Cement IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 139 – 147
- Lot Size
- 102
- Issue Size
- ₹3600 Cr
- Minimum Investment
- ₹14994 (102 Shares)
- Listing Date
- 14 August 2025
Current GMP
₹4 (+2.72%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About JSW Cement Ltd
JSW Cement Limited, incorporated in 2006 and part of the JSW Group, is a leading manufacturer of green cement in India. The company focuses on sustainable practices and utilizes industrial by-products like blast furnace slag to reduce its carbon footprint, achieving some of the lowest CO₂ emission intensities in the cement industry both in India and globally.
Growth and Market Position
- Fastest-growing cement company in India (among the top 10 by capacity) based on installed grinding capacity and sales volume growth from Fiscal 2014 to Fiscal 2024, per the CRISIL Report.
- CAGR:
- Grinding capacity: 14.14% (vs. industry average of 7.31%)
- Sales volume: 19.06% (vs. industry average of 7.56%)
- Achieved 31.11% sales volume growth from Fiscal 2023 to 2024, significantly ahead of the industry average of 6.35%.
Installed Capacity (as of March 31, 2024)
- Grinding Capacity: 20.60 MMTPA
- South: 11.00 MMTPA
- West: 4.50 MMTPA
- East: 5.10 MMTPA
- Clinker Capacity: 6.44 MMTPA (including UAE operations)
Expansion Plans
- Targets to expand grinding capacity to 40.85 MMTPA and clinker capacity to 13.04 MMTPA through greenfield and brownfield projects in north and central India, aiming for a pan-India presence.
Product Portfolio
- Green cement products make up 80.68% of sales volume in Fiscal 2024:
- Portland Slag Cement (PSC)
- Portland Composite Cement (PCC)
- Ground Granulated Blast Furnace Slag (GGBS)
- Ordinary Portland Cement (OPC)
- Ready-mix concrete (RMC), construction chemicals, waterproofing compounds
- Largest GGBS manufacturer in India with a market share of 82.70% in Fiscal 2024.
Operational Footprint
- 7 plants in India:
- Integrated/clinker units: Nandyal (AP), Shiva Cement (Odisha)
- Grinding units: Vijayanagar (Karnataka), Salem (Tamil Nadu), Dolvi (Maharashtra), Salboni (West Bengal), Jajpur (Odisha)
- Overseas: JSW Cement FZC operates a clinker unit in the UAE
Raw Material Security
- 10 limestone mines in India with 1,098.88 MMT reserves
- 1 operational limestone mine in UAE with 269.14 MMT reserves
- Long-term contracts with JSW Steel and other steel producers ensure consistent slag supply.
Distribution Network (as of March 31, 2024)
- 5,043 dealers
- 10,412 sub-dealers
- 164 warehouses
Strategic Location Advantages
- Plants located near limestone mines and steel plants for efficient raw material sourcing.
- Good road and rail connectivity to key markets (e.g., Mumbai, Odisha coast, etc.)
JSW Cement is strongly positioned as a leader in green and sustainable cement manufacturing, with aggressive expansion plans to become a pan-India cement powerhouse.
JSW Cement IPO Promoters
- SAJJAN JINDAL
- PARTH JINDAL
- SANGITA JINDAL
- ADARSH ADVISORY SERVICES PRIVATE LIMITED
- SAJJAN JINDAL FAMILY TRUST
Promoters Holding
Holding Pre Issue
78.62%
Holding Post Issue
72.34%
JSW Cement IPO Objective
The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:
- 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 our Company
- General corporate purposes.
Address / Contact Info
JSW Cement Limited
JSW Centre, Bandra Kurla Complex,
Bandra (East), Mumbai 400051,
Maharashtra, India
Mumbai, Maharashtra, 400051
Phone: +91 22 4286 3115
Email: secretarial.jswcl@jsw.in
Website: http://www.jswcement.in/
IPO Snapshot
Book Running Lead Managers
- Citigroup Global Markets India Private Limited
- Axis Capital Limited
- Goldman Sachs (India) Securities Private Limited
- Jefferies India Private Limited
- JM Financial Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
JSW Cement IPO is a Book-building IPO with a total issue size of ₹3600 crore. The JSW Cement IPO price band is ₹139 to 147 per share. The JSW Cement IPO subscription opens on Thu, Aug 7, 2025, and closes on Mon, Aug 11, 2025. The JSW Cement IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the JSW Cement IPO.
The JSW Cement IPO opens on Thu, Aug 7, 2025 and closes on Mon, Aug 11, 2025
JSW Cement IPO Price Band is ₹139 to 147 per share.
JSW Cement IPO lot size is 102 shares, Retail investors need a minimum investment of ₹14994 based on the upper price band
The minimum investment for JSW Cement IPO is ₹14994, based on one lot of 102 shares at the upper price band of ₹147 per share.
Investors can apply for the JSW Cement IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Aug 11, 2025. The application amount remains blocked until the JSW Cement IPO allotment is finalized.
JSW Cement IPO issue size is ₹3600 crores.
JSW Cement IPO allotment date is Wed, Jul 1, 2026.
The registrar for JSW Cement IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check JSW Cement IPO allotment status, refund processing, and other IPO-related information.
The JSW Cement IPO GMP (Grey Market Premium) is ₹4 as of Thu, Aug 14, 2025. Based on the upper price band of ₹147 per share, the estimated JSW Cement IPO listing price is ₹151, indicating a potential listing gain of approximately 0% over the issue price.