JSW Cement's Initial Public Offering (IPO) worth 3600 crores set to debut on 7th August.
JSW Cement, a prominent player in India's cement industry, has announced its initial public offering (IPO) for a size of ₹3,600 crore. The IPO will open for subscription from August 7, 2025, and close on August 11, 2025[1][2][3].
The IPO comprises a fresh equity issuance worth ₹1,600 crore and an Offer for Sale (OFS) by existing shareholders worth up to ₹2,000 crore[3]. The OFS includes entities such as Apollo Global Management, Synergy Capital, and the State Bank of India, among others[2].
The funds raised through the fresh issue will be utilised to part-finance the cost of establishing a new integrated cement unit at Nagaur, Rajasthan. A significant portion, ₹800 crore, will be allocated for this purpose, while ₹520 crore will be used to repay existing debt[1][2]. The remaining proceeds will contribute to the company's overall capital requirements.
At the upper end of the price band, JSW Cement will have a post-issue market capitalization of approximately ₹20,041 crore[1][2][3]. The shares, carrying a face value of ₹10 each, will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE)[3].
JSW Cement has experienced growth in recent years, becoming one of the top three fastest growing cement companies in India in terms of increase in installed grinding capacity and sales volume from FY15 to FY25[4]. As of the end of March 2025, the company had an installed grinding capacity of 20.60 million tons[5].
It is important to note that in FY25, JSW Cement made a loss of ₹114 crore, contrary to a profit of ₹90 crore in the previous year[6]. However, the company's performance in the past does not necessarily predict its future success.
The IPO will mark the fifth listing for the JSW Group, following JSW Steel, JSW Energy, JSW Infrastructure, and JSW Holdings[7]. The prospectus for the IPO was published on August 2, 2025[8].
[1] Business Standard
[2] The Economic Times
[3] Livemint
[4] Business Standard
[5] The Economic Times
[6] The Hindu BusinessLine
[7] Business Standard
[8] The Economic Times
- JSW Cement, a major player in India's cement industry, is planning to raise ₹3,600 crore through its initial public offering (IPO) starting August 7, 2025.
- The IPO will have a fresh equity issuance of ₹1,600 crore and an Offer for Sale (OFS) worth up to ₹2,000 crore by existing shareholders, such as Apollo Global Management, Synergy Capital, and State Bank of India.
- The funds fro the fresh issue will primarily be used to establish a new integrated cement unit in Nagaur, Rajasthan, and repay existing debt.
- At the upper end of the price band, the post-issue market capitalization of JSW Cement will be approximately ₹20,041 crore, with shares carrying a face value of ₹10 each to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
- JSW Cement has seen growth over recent years, becoming one of India's top three fast-growing cement companies in terms of installed grinding capacity and sales volume.
- Despite a loss of ₹114 crore in FY25, the company's past performance does not guarantee its future success, and the upcoming IPO will be JSW Group's fifth listing, following JSW Steel, JSW Energy, JSW Infrastructure, and JSW Holdings.
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