JSW Cement IPO Details:
The JSW Cement IPO is scheduled to open on August 11, 2025, and will close on August 13, 2025. It is a Book Built Issue, through which the company aims to raise approximately ₹4,000 crores. This includes a fresh issue of ₹2,000 crores and an Offer for Sale (OFS) of equity shares having a face value of ₹10 each.
The price band for the IPO is yet to be announced. The allocation quota is divided as follows: 50% for Qualified Institutional Buyers (QIBs), 35% for Retail Investors, and 15% for High Net-Worth Individuals (HNIs). The shares are expected to be listed on both BSE and NSE on August 19, 2025, and the IPO allotment date is August 14, 2025.
In terms of financial performance, JSW Cement reported a revenue of ₹6,114.60 crores in FY 2024, compared to ₹5,982.21 crores in FY 2023. However, the net profit declined to ₹62.01 crores in 2024, from ₹104.04 crores in 2023.
Given the company’s strong industry presence and future growth prospects, long-term investors may consider applying for this IPO. While recent profit margins have seen a dip, the revenue trend and expansion strategy indicate potential value creation in the years ahead.
JSW Cement IPO Objectives:
The net proceeds from the JSW Cement IPO will be utilized for the following purposes:
- To partially finance the establishment of a new integrated cement manufacturing facility at Nagaur, Rajasthan.
- For prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company.
- To meet general corporate purposes, supporting the Company’s overall growth and operational efficiency.
JSW Cement IPO Review (Apply or Not)
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JSW Cement IPO Date & Price Band Details:
| IPO Open Date: | August 11, 2025 (Tentative Date) |
| IPO Close Date: | August 13, 2025 (Tentative Price) |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹100 to ₹200 Per Share |
| Issue Size: | Approx ₹4,000 Crores |
| Fresh Issue: | Approx ₹2,000 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
JSW Cement IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
JSW Cement IPO Allotment & Listing Date (Details)
| IPO Open Date: | August 11, 2025 |
| IPO Close Date: | August 13, 2025 |
| Basis of Allotment: | August 14, 2025 |
| Refunds: | August 18, 2025 |
| Credit to Demat Account: | August 18, 2025 |
| IPO Listing Date: | August 19, 2025 |
JSW Cement IPO GMP Today:
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Promoters of JSW Cement IPO
The promoters of JSW Cement Limited include Mr. Sajjan Jindal, Mr. Parth Jindal, Mrs. Sangita Jindal, Adarsh Advisory Services Private Limited, and the Sajjan Jindal Family Trust.
About JSW Cement
JSW Cement is one of India’s leading cement manufacturers in terms of installed grinding capacity, ranking among the top 10 cement companies in the country. The company offers a diverse product portfolio that includes:
- Concreel HD (CHD)
- Ordinary Portland Cement (OPC)
- Portland Slag Cement (PSC)
- Composite Cement (CPC)
- Ground Granulated Blast Furnace Slag (GGBS)
JSW Cement operates manufacturing facilities across several Indian states, including West Bengal, Maharashtra, Karnataka, Odisha, and Andhra Pradesh.
As of March 31, 2024, the company had an installed clinker capacity of 6.44 MMTPA (including JSW Cement FZC) and a total installed grinding capacity of 20.60 MMTPA, distributed across:
- Southern India – 11.00 MMTPA
- Western India – 4.50 MMTPA
- Eastern India – 5.10 MMTPA
The company’s widespread infrastructure supports its strategic expansion and strong market presence. JSW Cement continues to strengthen its footprint across India, leveraging its modern manufacturing capabilities and high-quality product offerings.
JSW Cement IPO – Financial Performance
JSW Cement reported a revenue of ₹6,114.60 crores for the financial year 2024, marking a growth from ₹5,982.21 crores in FY 2023. However, the company’s net profit declined to ₹62.01 crores in FY 2024, compared to ₹104.04 crores in FY 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹4,863.48 | ₹4,465.49 | ₹232.65 | ₹9,272.51 |
| 2023 | ₹5,982.21 | ₹5,838.68 | ₹104.04 | ₹10,218.61 |
| 2024 | ₹6,114.60 | ₹5,808.21 | ₹62.01 | ₹11,318.91 |
JSW Cement IPO Valuation – FY2024
Investors can assess the JSW Cement IPO through key valuation metrics for the financial year 2024, including:
| KPI | Values |
| ROE: | 2.60% |
| ROCE: | 11.08% |
| EBITDA Margin: | 1.01% |
| PAT Margin: | 7.30% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹0.91 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 3.64% |
| Net Asset Value (NAV): | ₹24.99 |
Peer Group Comparison
| Company | EPS | PE Rao | RoNW % | NAV | Income |
| UltraTech Cement Limited | 243.05 | 46.55 | 11.63% | 2,089.69 | 70,908.14 Cr. |
| Ambuja Cements Limited | (17.99) | 37.93 | 8.63% | 208.53 | 33,159.64 Cr. |
| Shree Cement Limited | 663.98 | 36.57 | 11.57% | 5,737.94 | 20,520.98 Cr. |
| Dalmia Bharat Limited | 44.05 | 39.57 | 5.04% | 874.41 | 14,691.00 Cr. |
| JK Cement Limited | 102.35 | 41.31 | 14.73% | 694.61 | 11,556.00 Cr. |
| The Ramco Cements Limited | 15.77 | 50.66 | 4.97% | 317.20 | 9,376.35 Cr. |
| India Cements Limited | (7.32) | NA | NA | NA | 5,112.24 Cr. |
JSW Cement IPO Review
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JSW Cement IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: jswcement.ipo@kfintech.com
Website: https://ris.kfintech.com/
IPO Lead Managers aka Merchant Bankers
- 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
- SBI Capital Markets Limited
Company Address
JSW Cement Limited
JSW Centre,
Bandra Kurla Complex, Bandra (East),
Mumbai 400 051, Maharashtra, India
Phone: +91 22 4286 3115
Email: secretarial.jswcl@jsw.in
Website: www.jswcement.in
JSW Cement IPO – Frequently Asked Questions (FAQs)
Q1. What is the JSW Cement IPO?
The JSW Cement IPO is a Book Built Issue through which the company plans to raise approximately ₹4,000 crores, comprising a fresh issue of ₹2,000 crores and an Offer for Sale (OFS) of equity shares.
Q2. When will the JSW Cement IPO open and close?
The IPO will open on August 11, 2025, and close on August 13, 2025.
Q3. What is the price band of the JSW Cement IPO?
The price band for the JSW Cement IPO is yet to be announced.
Q4. What is the lot size and minimum investment for retail investors?
The lot size and minimum investment amount will be disclosed in the Red Herring Prospectus (RHP) closer to the IPO date.
Q5. Who are the promoters of JSW Cement?
The promoters of the company include Sajjan Jindal, Parth Jindal, Sangita Jindal, Adarsh Advisory Services Pvt. Ltd., and the Sajjan Jindal Family Trust.
Q6. On which exchanges will JSW Cement be listed?
The shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Q7. What is the allotment date of the JSW Cement IPO?
The basis of allotment is expected to be finalized on August 14, 2025.
Q8. When will JSW Cement shares be listed?
JSW Cement shares are expected to be listed on August 19, 2025.
Q9. What will the IPO proceeds be used for?
The IPO proceeds will be used for:
- Setting up a new integrated cement plant in Nagaur, Rajasthan
- Repayment or prepayment of certain outstanding borrowings
- General corporate purposes
