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  5. JSW Cement IPO subscribed 2.78 times so far on day 3; check allotment steps and more

Market News

JSW Cement IPO subscribed 2.78 times so far on day 3; check allotment steps and more

Kamal Joshi
By Kamal Joshi

3 min read | Updated on August 11, 2025, 14:12 IST

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SUMMARY

JSW Cement IPO, with a price band at ₹139 to ₹147 per share and a lot size of 102 shares, aims to raise ₹3,600 crore through a fresh issuance of shares aggregating to ₹1,600 crore and an OFS of ₹2,000 crore.

JSW Cement is the largest producer of ground granulated blast furnace slag, with a market share of 84% in the financial year 2024-25. | Image: X/@JSWCement

JSW Cement is the largest producer of ground granulated blast furnace slag, with a market share of 84% in the financial year 2024-25. | Image: X/@JSWCement

JSW Cement IPO: The initial public offering of leading green cement company JSW Cement will close for subscription on Monday, August 11. Its allotment will be finalised on Tuesday, August 12.

The IPO, with a price band at ₹139 to ₹147 per share and a lot size of 102 shares, aims to raise ₹3,600 crore through a fresh issuance of shares aggregating to ₹1,600 crore and an OFS of ₹2,000 crore.

Under the OFS, AP Asia Opportunistic Holdings Pte Ltd, Synergy Metals Investments Holding Ltd and State Bank of India will divest their stake.

The IPO proceeds will be used to part-finance a new integrated cement facility at Nagaur, payment of debt and general corporate purposes.

JSW Cement IPO day 3: Subscription details

As of 2:11 pm, the issue has been booked 2.78 times, with bids for 50,46,92,328 shares compared to 18,12,94,964 shares on offer, according to the NSE data.

CategorySubscription Status
Qualified Institutional Buyers (QIBs)5.43 times
Non-Institutional Investors2.81 times
Retail Investors1.26 times
Total2.78 times
Upcoming IPOs this week: BlueStone, Regaal Resources, 2 other offers to open; 11 listings scheduled; check list

JSW Cement is the largest producer of ground granulated blast furnace slag, with a market share of 84% in the financial year 2024-25.

How to check JSW Cement IPO allotment status on KFin Technologies

  • Visit the registrar's IPO status page at https://ris.kfintech.com/ipostatus/
  • From five links, select any one
  • In the ‘Select IPO’ list, pick 'JSW Cement Limited'
  • Identify yourself using your IPO application number, PAN or Demat account number
  • Complete the Captcha verification and click on the 'Submit' button.

Steps to check JSW Cement IPO allotment status on NSE

JSW Cement IPO allotment on BSE: Step-by-step guide

  • Visit the BSE's IPO allotment status portal: https://bseindia.com/investors/appli_check.aspx
  • Keep 'Equity' as the issue type
  • From the 'Issue Name' list, select 'JSW Cement Ltd'
  • Enter PAN or IPO application number
  • Press the 'Search' button

JSW Cement IPO GMP

According to media reports and investorgain.com, the unlisted shares of JSW Cement are trading at ₹152 per share, reflecting a grey market premium of 3.4% over the upper price band of ₹147.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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