Price band fixed at ₹ 139-₹ 147; minimum bid of 102 equity shares, and in multiples of 102, thereafter.
MUMBAI, Aug 4 (The CONNECT)- The Rs 1,800 crore initial public offering (IPO) of JSW Cement Limited which enjoys the lowest carbon dioxide emission intensity among its peers globally, will open on Thursday (August 7, 2025) at a price band of ₹ 139 to ₹ 147 apiece.
The company is part of JSW Group, a businesses across various sectors such as steel, energy, maritime, infrastructure, defence, business-to-business e-commerce, realty, paints, sports and venture capital. It started its operations in 2009 in the southern region of India with a single grinding unit at Vijayanagar in Karnataka.
The IPO, which is a mix of fresh issue of shares valued up to Rs 1,600 crores and an offer for sale for sale up to Rs 2,000 crores, will close on Monday, August 11, 2025, JSW CementManaging Director Parth Jindal said. Investors can bid for a minimum of 102 Equity Shares and in multiples of 102 Equity Shares thereafter which have a face value of Rs 10 each.
About Rs 800 crores from the proceeds of the fresh issue will be utilized for part financing the new integrated cement unit at Nagaur, Rajasthan; up to Rs 520 crores for settling some dues and the remaining for general corporate purposes.
The Company, among the top three fastest growing cement manufacturers in India, is also the largest manufacturer of ground granulated blast furnace slag (GGBS), an eco-friendly product made entirely from blast furnace slag, a by-product of the steel manufacturing process.
The Company’s product portfolio consists of blended cement, ordinary portland cement (OPC), clinker and a range of allied cementitious products such as ready mix concrete (RMC), screened slag, construction chemicals and waterproofing compounds.
As of March 31, 2025, the Company operates seven plants in India – one integrated unit, one clinker unit and five grinding units across of Andhra Pradesh (Nandyal), Karnataka (Vijayanagar), Tamil Nadu (Salem), Maharashtra (Dolvi), West Bengal (Salboni), Odisha (Jajpur) plant and our majority owned Shiva Cement Limited clinker unit).
The Company has established a well-connected distribution network of 4,653 dealers, 8,844 sub-dealers and 158 warehouses, said JSW Cement CFO Narinder Singh Kahlon.
JM Financial Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, DAM Capital Advisors Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited are the book-running lead managers to the Offer, and KFin Technologies Limited is the registrar of the Offer.
The Offer is being made through the book-building process, wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the Offer shall be available for allocation to non-institutional investors, and not less than 35% of the Offer shall be available for allocation to retail individual investors.
DISCLAIMER CLAUSE FOR INVESTORS: This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction. The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws in the United States and unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold within the United States only to “qualified institutional buyers”, as defined in Rule 144A (“Rule 144A”) under the U.S. Securities Act, in transactions exempt from the registration requirements of the U.S. Securities Act, and outside the United States in “offshore transactions” as defined in, and in reliance on ,Regulation S (“Regulation S”) under the U.S. Securities Act, and in accordance with the applicable laws of the jurisdictions where such offers and sales are being made. There will beno public offering of the Equity Shares in the United States.
