return to news
  1. JSW Cement IPO subscribed 26% so far on day 1: Check price band, lot size, key dates and more

Market News

JSW Cement IPO subscribed 26% so far on day 1: Check price band, lot size, key dates and more

Kamal Joshi

3 min read | Updated on August 07, 2025, 15:47 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

JSW IPO: The ₹3,600 crore initial public offer includes a fresh issuance of ₹1,600 crore and ₹2,000 crore of equity shares to be sold by current shareholders via the offer for sale (OFS) route.

As of March 2025, JSW Cement's total borrowings stood at ₹6,166.6 crore. | Image: JSWCement.in

As of March 2025, JSW Cement's total borrowings stood at ₹6,166.6 crore. | Image: JSWCement.in

JSW Cement IPO: The initial share sale of JSW Cement, part of the diversified JSW Group, opened for subscription on Thursday, August 7. The issue, with a price band of ₹139 to ₹147 per share, will end on August 11.

The ₹3,600 crore initial public offer includes a fresh issuance of ₹1,600 crore and ₹2,000 crore of equity shares to be sold by current shareholders via the offer for sale (OFS) route.

Under the OFS, private equity giant Apollo Management, through its affiliate AP Asia Opportunistic Holdings Pte Ltd, State Bank of India (SBI) and Synergy Metals Investments Holding Ltd will offload shares.

Funds to the tune of ₹800 crore will be used to partially fund a new integrated cement facility at Nagaur, ₹520 crore for debt repayment, and the remaining funds for corporate general purposes.

A lot consists of 102 shares and in multiples thereafter.

JSW Cement IPO: Subscription status

CategorySubscription status as of 3:46 pm
Qualified Institutional Buyers (QIBs)23%
Non-Institutional Investors15%
Retail Investors32%
Total26%

On Wednesday, the company mobilised ₹1,080 crore in the anchor round from investors such as Nomura, Abu Dhabi Investment Authority, the Government of Singapore, Goldman Sachs (Singapore) Pte, Morgan Stanley Investment Fund, Kuwait Investment Authority, SBI Mutual Fund (MF), Tata MF, Nippon India MF, Aditya Birla Sun Life MF, Motilal Oswal MF, and SBI Life Insurance Company.

JSW Cement IPO timeline: Allotment and listing dates

EventDate
Subscription periodAugust 7 to August 11
Basis of allotmentAugust 12
Initiation of RefundsAugust 13
Credit of Shares to DematAugust 13
Listing dateAugust 14

JSW Cement is a leading green cement manufacturer company. JM Financial, Axis Capital, DAM Capital Advisors, Goldman Sachs (India) Securities Pvt Ltd, Citigroup Global Markets India Pvt Ltd, Jefferies India Pvt Ltd, Kotak Mahindra Capital, and SBI Capital Markets are the issue's merchant bankers, while KFin Technologies is the registrar.

JSW Cement IPO GMP

According to investorgain.com and media reports, the unlisted shares of JSW Cement are trading at ₹153 per share, reflecting a grey market premium of 4.08% over ₹147, the upper price band of the issue.
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.
SIP
Consistency beats timing.
promotion image

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.