JSW Cement IPO 2025: Everything You Need to Know Before You Invest
04 August 2025 · Sachin Gadekar
JSW Cement IPO 2025: Your Complete Guide to Subscription, Price Band, Allotment & Financials.
Introduction
Ultra is your trusted digital platform for diversified investment opportunities. In line with our mission to help investors make informed decisions, we bring you a detailed breakdown of the JSW Cement IPO, one of the most anticipated initial public offerings of 2025.
Backed by the reputed JSW Group, JSW Cement has built a strong foothold in the green cement sector. As the company moves toward listing on Indian stock exchanges, this IPO is drawing substantial interest from institutional and retail investors alike.
What Is the JSW Cement IPO?
The JSW Cement IPO is a book-building issue of ₹3,600 crore. It comprises:
A fresh issue of 10.88 crore shares aggregating to ₹1,600 crore
An offer for sale (OFS) of 13.61 crore shares aggregating to ₹2,000 crore
The company aims to utilize the funds from the fresh issue for business expansion and debt reduction.
Key JSW Cement IPO Dates (Tentative)
| Event | Date |
|---|---|
| IPO Open Date | August 7, 2025 |
| IPO Close Date | August 11, 2025 |
| Allotment Finalization | August 12, 2025 |
| Refunds Initiation | August 13, 2025 |
| Shares Credited to Demat | August 13, 2025 |
| Listing Date (Tentative) | August 14, 2025 |
| UPI Cut-off Time | 5 PM, August 11, 2025 |
JSW Cement IPO Price Band and Lot Size
Price Band: ₹139 to ₹147 per share
Face Value: ₹10 per share
Minimum Application (Retail): 1 lot = 102 shares = ₹14,994
Maximum Application (Retail): 13 lots = 1,326 shares = ₹1,94,922
Small HNI (sNII) Minimum: 14 lots = ₹2,09,916
Big HNI (bNII) Minimum: 67 lots = ₹10,04,598
Share Reservation in JSW Cement IPO
| Investor Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyers) | Up to 50% |
| NII (Non-Institutional Investors) | At least 15% |
| Retail Individual Investors | At least 35% |
About JSW Cement Limited
Incorporated in 2006, JSW Cement is part of the JSW Group, a diversified $22 billion conglomerate. The company focuses on manufacturing green cement and is one of the fastest-growing cement companies in India.
Product Portfolio:
Cement: Blended Cement and OPC
Ground Granulated Blast Furnace Slag (GGBS)
Clinker
Allied Cementitious Products such as Ready Mix Concrete (RMC), construction chemicals, and screened slag
Plant Locations:
Andhra Pradesh (Nandyal)
Karnataka (Vijayanagar)
Tamil Nadu (Salem)
Maharashtra (Dolvi)
West Bengal (Salboni)
Odisha (Jajpur & Shiva Cement Clinker Unit)
As of March 31, 2025, JSW Cement has an installed grinding capacity of 20.60 million metric tonnes per annum (MMTPA).
Financial Overview: JSW Cement Ltd.
| Metric | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total Assets (₹ Cr) | 12,003.94 | 11,318.91 | 10,218.61 |
| Total Income (₹ Cr) | 5,914.67 | 6,114.60 | 5,982.21 |
| Profit After Tax (₹ Cr) | -163.77 | 62.01 | 104.04 |
| EBITDA (₹ Cr) | 815.32 | 1,035.66 | 826.97 |
| Net Worth (₹ Cr) | 2,352.55 | 2,464.68 | 2,292.10 |
JSW Cement IPO GMP (Grey Market Premium)
As per recent grey market data, JSW Cement IPO GMP is expected to range between ₹15–₹25 per share. This suggests mild listing gains, though market sentiments may fluctuate closer to the listing date.
Shareholder Quota & Eligibility
There is no exclusive shareholder quota declared as of now. Investors who wish to apply can do so under:
Retail Individual Investors (RII)
Non-Institutional Investors (NII)
Qualified Institutional Buyers (QIB)
Make sure your demat account is active and linked with your UPI ID for smooth application.
Why You Should Consider Investing in JSW Cement IPO
Strengths:
Backed by the trusted JSW Group
Largest manufacturer of GGBS in India
Strong distribution network with 13,497+ dealers & sub-dealers
Low carbon footprint among cement peers
Well-positioned for growth in infrastructure and housing demand
Risks:
FY 2025 reported losses due to operational challenges
High debt (₹6,166 crore) may impact future profits
Cement industry is cyclical, impacted by inflation, input costs, and construction demand.
FAQs about JSW Cement IPO
1. What is the JSW Cement IPO date?
The IPO opens on August 7, 2025, and closes on August 11, 2025.
2. What is the JSW Cement IPO price band?
The price band is ₹139 to ₹147 per share.
3. How many shares are available for retail investors?
At least 35% of the total offer is reserved for retail individual investors.
4. What is the lot size for JSW Cement IPO?
One lot comprises 102 shares. The minimum investment is ₹14,994.
5. Where will JSW Cement be listed?
It will be listed on BSE and NSE.
6. What is the expected GMP of JSW Cement IPO?
The grey market premium (GMP) is fluctuating between ₹15–₹25 per share as of now.
Final Thoughts
The JSW Cement IPO represents a solid long-term play in India’s infrastructure growth story. Despite a temporary dip in profitability, the company's strong brand, large production capacity, and environmentally friendly practices make it a compelling investment. However, it's essential to evaluate your risk appetite and consider the financial performance and market conditions before subscribing.
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