JSW Cement IPO Price Band Revealed: Key Details Inside

JSW Cement, a leading manufacturer of green cement in India and part of the JSW Group, has announced the price band for its upcoming Initial Public Offering (IPO). The IPO will open for subscription on August 7, 2025, and close on August 11, 2025. The cement firm plans to raise a total of Rs 3,600 crore through the offer.

IPO Structure: Fresh Issue and Offer for Sale

The IPO comprises:

• Fresh issue of 10.88 crore shares, aggregating to Rs 1,600 crore

• Offer for sale (OFS) of 13.61 crore shares, totaling Rs 2,000 crore

Initially, the company aimed to raise Rs 4,000 crore but later revised the issue size to Rs 3,600 crore.

Price Band and Minimum Investment

The IPO price band is set at Rs 139 to Rs 147 per share.

• Retail investors need to apply for a minimum lot size of 102 shares, which requires an investment of Rs 14,178 at the upper price band.

• Small Non-Institutional Investors (sNII) must bid for 14 lots (1,428 shares), amounting to Rs 2,09,916.

• Big Non-Institutional Investors (bNII) are required to bid for 67 lots (6,834 shares), with a total investment of Rs 10,04,598.

Key Dates: Allotment and Listing

• Share allotment is expected to be finalized on August 12, 2025 (Tuesday).

• Listing of JSW Cement shares is scheduled for August 14, 2025 (Thursday) on both the BSE and NSE.

Lead Manager and Registrar

• JM Financial Limited is serving as the Book Running Lead Manager (BRLM) for the IPO.

• Kfin Technologies Limited is the registrar for the issue.

Promoters and Company Background

JSW Cement was incorporated in 2006 and is part of the diversified JSW Group, which operates in steel, energy, and infrastructure sectors.

The promoters of JSW Cement include:

• Sajjan Jindal

• Parth Jindal

• Sangita Jindal

• Adarsh Advisory Services Pvt Ltd

• Sajjan Jindal Family Trust

The company is recognized for producing eco-friendly cement using advanced technology. Its product portfolio caters to a wide range of sectors, including residential, commercial, and large-scale infrastructure projects.

Manufacturing Operations and Plant Locations

JSW Cement operates seven plants across India, which include:

• Nandyal, Andhra Pradesh – Integrated cement unit

• Vijayanagar, Karnataka – Grinding unit

• Salem, Tamil Nadu – Grinding unit

• Dolvi, Maharashtra – Grinding unit

• Salboni, West Bengal – Grinding unit

• Jajpur, Odisha – Grinding unit

• Shiva Cement (Odisha) – Majority-owned clinker unit

This network of plants allows the company to maintain a strong presence in South, West, and East India, enabling efficient supply and meeting regional demand effectively.

Focus on Sustainability and Growth

JSW Cement is a frontrunner in promoting sustainable construction through its production of green cement, which is environmentally friendly and made using industrial by-products. This aligns with the global push for low-carbon building materials and gives JSW Cement a competitive edge in India’s growing infrastructure sector.

Conclusion

With its robust business model, strong regional presence, and commitment to sustainability, JSW Cement’s IPO is expected to garner strong interest from retail and institutional investors alike. The upcoming listing will mark a significant milestone in the company’s growth trajectory within the Indian cement industry.