The JSW Group company enjoys the lowest carbon dioxide emission intensity among cement companies in India and abroad.
MUMBAI, Aug 13 (The CONNECT) The Initial Public Offering of JSW Cement Limited was subscribed 7.77 times oveall.
Data available on the stock exchanges onMonday, the final day of the issue, shows that the issue received bids of 1,40,91,39,588 shares against the offered 18,12,94,964, at a price band of ₹139-147.
Retail Portion and Non-Institutional Investors Portion were subscribed 1.81 times and 10.97 times respectively, whereas Qualified Institutional Buyer segment 5.8 times.
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, and KFin Technologies Limited is the registrar of the issue.
JSW Cement, part of the JSW Group, enjoys the lowest carbon dioxide emission intensity among its peer cement manufacturing companies in India and globally, according to a CRISIL Report.
The cement unit started in 2009 at Vijayanagarin Karnataka.
It is 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.
The company is India’s largest manufacturer of ground granulated blast furnace slag, an eco-friendly product produced entirely from blast furnace slag -a by-product of the steel manufacturing process- with a market share of 84% in Fiscal 2025, according to a CRISIL Report.
Its product portfolio consists of blended cement (including PSC, PCC and PPC), GGBS, 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, it operates seven plants in India, which comprise one integrated unit, one clinker unit and five grinding units across the states of Andhra Pradesh (Nandyal), Karnataka (Vijayanagar), Tamil Nadu (Salem), Maharashtra (Dolvi), West Bengal (Salboni), Odisha (Jajpur).
It sells its products through a well-connected distribution network. As of March 31, 2025, it had a network of 4,653 dealers, 8,844 sub-dealers and 158 warehouses.
