New Delhi August 4, 2025: JSW Cement Limited has fixed the price band of ₹ 139/- to ₹ 147/- per Equity Share of face value ₹10 each for its initial public offer.
The initial public offer (“IPO” or “Offer”) of the company will open on Thursday, August 7, 2025, for subscription and close on Monday, August 11, 2025. Investors can bid for a minimum of 102 Equity Shares and in multiples of 102 Equity Shares thereafter.
The IPO is a mix of fresh issue of shares up to Rs 1,600 crores and an offer for sale for sale up to Rs 2,000 crores by the selling shareholders.
The proceeds from the fresh issue to the extent of up to Rs 800 crores will be utilized for part financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan; up to Rs 520 crores for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company; and general corporate purposes.
JSW Cement Limited is a part of the JSW Group and is counted among the top three fastest growing cement manufacturing companies in India in terms of increase in installed grinding capacity and sales volume from Fiscal 2015 to Fiscal 2025 (among the peers in terms of installed capacity and sales volume), according to the CRISIL Report. It is also among the top 10 cement companies in India in terms of installed capacity and sales volume as of March 31, 2025, according to CRISIL Report.
