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JSW Cement IPO

  • Status: Closed
  • RHP:
  • ₹ 14,178 / 102 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    14 Aug 2025

  • Listing Price

    ₹153.00

  • Listing Change

    4.08%

  • Last Traded Price

    ₹111.77

JSW Cement IPO Details

  • Open Date

    07 Aug 2025

  • Close Date

    11 Aug 2025

  • Listing Date

    14 Aug 2025

  • IPO Price Range

    ₹ 139 – ₹147

  • IPO Size

    ₹ 3600 Cr

  • Listing Exchange

    BSE NSE

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JSW Cement IPO Subscription Status

Last Updated: 29 September 2025 4:31 PM by 5paisa

Established in 2006, JSW Cement Ltd. is a leading manufacturer of green cement in India and is part of the renowned JSW Group. The company operates seven plants nationwide, including integrated, clinker, and grinding units located in Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, West Bengal, and Odisha.
As of 31 March 2025, JSW Cement had a total installed grinding capacity of 20.60 MMTPA, with a strong distribution network comprising 4,653 dealers, 8,844 sub-dealers, and 158 warehouses across India.

Established: 2006
MD: Parth Jindal

 

Peers:

1. Ultratech Cement Limited
2. Ambuja Cements Limited
3. Shree Cement Limited
4. Dalmia Bharat Limited
5. JK Cement Limited
6. The Ramco Cements Limited
7. The India Cements Limited
 

JSW Cement Objectives

The net proceeds from the issue will be used for:

1. Partial funding for establishing a new integrated cement unit in Nagaur, Rajasthan.
2. Repayment or prepayment of selected outstanding borrowings to reduce liabilities.
3. Utilisation of remaining proceeds for general corporate purposes and future needs.
 

JSW Cement IPO Size

Types Size
Total IPO Size ₹3,600.00 Cr
Offer for Sale ₹1,600.00 Cr
Fresh Issue ₹2,000.00 Cr

JSW Cement IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 102 ₹14,178
Retail (Max) 13 1,326 ₹1,35,252
S-HNI (Min) 14 1,428 ₹1,45,656
S-HNI (Max) 66 6,732 ₹6,86,664
B-HNI (Min) 67 6,834 ₹6,97,068

JSW Cement IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 16.71 4,89,79,594 81,86,50,266 12,034.159
NII (HNI) 11.60 3,67,34,694 42,62,50,350 6,265.880
bNII (bids above ₹10L) 13.29 2,44,89,796 32,53,54,194 4,782.707
sNII (bids below ₹10L) 8.24 1,22,44,898 10,08,96,156 1,483.173
Retail 1.91 8,57,14,286 16,39,34,400 2,409.836
Total** 8.22 17,14,28,574 1,40,88,35,016 20,709.875

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 5,982.21 6,114.60 5,914.67
EBITDA 826.97 1,035.66 815.32
PAT 104.04 62.01 -163.77
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 10,218.61 11,318.91 12,003.94
Share Capital 986.35 986.35 986.35
Total Borrowings 5,421.54 5,835.76 6,166.55
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 653.16 1,407.71 736.68
Net Cash Generated From / (used in) investing activities -1792.91 -1,119.81 -558.03
Net Cash Generated From / (used in) financing activities 1,041.00 -220.87 -231.77
Net Increase (Decrease) In Cash And Cash Equivalents -98.75 67.03 -53.11


Strengths

1. Fastest-growing cement firm by installed capacity and overall sales volume.
2. India’s largest manufacturer of GGBS with consistent expansion in production scale.
3. Plants are strategically located near raw material and consumption market zones.
4. Lowest CO₂ emissions intensity among all Indian and top global cement firms.
 

Weaknesses

1. The company reported a net loss in FY25 due to margin compression pressures.
2. Profit after tax declined sharply by over 364% compared to FY24.
3. Overall debt levels have increased, impacting financial stability and leverage.
4. Net worth reduced marginally, reflecting stress on the overall financial position.

Opportunities

1. Establishing a new cement unit in Rajasthan expands regional market reach.
2. Government-led infrastructure boom will increase cement demand across sectors.
3. Green construction demand is growing, favouring low-carbon cement solutions.
4. Diversification into newer markets can help increase revenue and scale.

Threats

1. Faces intense competition from large, well-established listed cement companies.
2. Rising fuel, logistics, and raw material costs could erode profit margins.
3. Cement price volatility may directly affect the bottom line and profitability.
4. Higher interest rates may challenge debt servicing and liquidity conditions.

1. Backed by JSW Group’s reputed legacy, robust governance, and financial credibility.
2. Strategically positioned plants ensure national market access and cost-efficient logistics.
3. Greenfield expansion plans reflect long-term vision for capacity and market growth.
4. Strong focus on blended, eco-friendly cement aligns with sustainable construction trends.
5. Wide-reaching dealer network supports deep market penetration and brand visibility nationwide.
 

1. JSW Cement, with its eco-friendly cement products, has a wide distribution network, strategically well-positioned to get into a long-term boom. 
2. India’s cement industry is witnessing robust demand from infrastructure, housing, and industrial sectors.
3. JSW Cement’s expansion strategy is positioned to tap into the country’s long-term construction boom.
 

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FAQs

 It opens on August 7, 2025 and closes on August 11, 2025.

Total issue size is ₹3,600 crore (₹1,600 Cr fresh issue + ₹2,000 Cr OFS) aggregate up to 24.49 Cr shares.

The JSW Cement IPO issue price is ₹139 to ₹147 per share.

Step 1: Log in to your 5paisa account using valid credentials.
Step 2: Navigate to the IPO section and select JSW Cement IPO.
Step 3: Enter your desired bid quantity and price.
Step 4: Provide your UPI ID and apply.
Step 5: Approve the UPI mandate in your UPI app to complete the bidding process.

The minimum lot size of JSW Cement IPO is 102 shares, requiring an investment of ₹14,178.

The tentative listing date of the JSW Cement IPO on the BSE SME is scheduled for August 14, 2025.

Allotment of JSW Cement IPO is expected on August 12, 2025.

JM Financial Limited is the lead manager for JSW Cement IPO.

The JSW Cement will use IPO proceeds for:

  • Partial funding for establishing a new integrated cement unit in Nagaur, Rajasthan
  • Repayment or prepayment of selected outstanding borrowings to reduce liabilities
  • Utilisation of remaining proceeds for general corporate purposes and future needs