04/08/2025
JSW Cement's IPO is opening on August 7, 2025, and will close on August 11, 2025. Here are the key details:
*IPO Details*
- *Issue Size*: ₹3,600 crores
- *Price Band*: ₹139 to ₹147 per share
- *Face Value*: ₹10 per equity share
- *Lot Size*: 102 shares
- *Minimum Investment*: ₹14,994 (for 1 lot at ₹147)
*IPO Schedule*
- *Anchor Investor Bidding*: August 6, 2025
- *IPO Opens*: August 7, 2025
- *IPO Closes*: August 11, 2025
- *Allotment Finalization*: August 12, 2025
- *Refunds/Unblocking*: August 13, 2025
- *Listing Date*: August 14, 2025
*Use of Proceeds*
- Part financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan (₹800 crores)
- Prepayment or repayment of outstanding borrowings (₹520 crores)
- General corporate purposes
*Investor Quota*
- QIB (Qualified Institutional Buyers): 50%
- NII (Non-Institutional Investors): 15%
- Retail: 35%
JSW Cement is a leading cement manufacturing company in India, with an installed grinding capacity of 20.60 MMTPA. The company is part of the JSW Group, led by industrialist Sajjan Jindal ¹ ².