JSW Cement IPO to open on August 7; Price band : Rs 139-147 per share

Mumbai, August 4, 2025 – JSW Cement Limited has fixed the price band for its ₹3,600 crore initial public offering (IPO) at ₹139 to ₹147 per equity share, moving closer to its much-anticipated stock market debut. The three-day subscription window will open on Wednesday, August 7, 2025, and close on Monday, August 11, 2025, as per its latest Red Herring Prospectus.

IPO Details

JSW Cement IPO comprises a fresh issue of shares worth ₹1,600 crore and an offer for sale (OFS) of shares worth ₹2,000 crore by existing shareholders, including AP Asia Opportunistic Holdings Pte. Ltd., Synergy Metals Investments Holding Ltd., and the State Bank of India.

• The IPO includes a fresh issue of shares worth ₹1,600 crore.
• An offer for sale (OFS) component adds another ₹2,000 crore.
• The total issue size amounts to ₹3,600 crore.

Price Band and Bid Details

• The IPO price band is set between ₹139 and ₹147 per share.
• Each share has a face value of ₹10.
• Anchor bidding will take place on August 6, 2025.
• The IPO will open for public subscription on August 7, 2025.
• The issue will close on August 11, 2025.

Use of Proceeds

Proceeds from the fresh issue of ₹1,600 crore will be used primarily to:

• Part-finance the integrated cement unit in Nagaur, Rajasthan.
• Prepay or repay certain outstanding borrowings.
• Fund general corporate expenses.

Listing and Book Running Lead Managers

The equity shares will be listed on BSE and NSE, with NSE designated as the lead stock exchange. The offer is managed by a consortium of eight BRLMs, including JM Financial, Axis Capital, Kotak Mahindra Capital, Citigroup, Jefferies, DAM Capital, SBI Capital Markets, and Goldman Sachs.

About JSW Cement

JSW Cement Limited, part of the Sajjan Jindal-led JSW Group, is a leading manufacturer of green cementitious products, including blended cement (PSC and PCC) and GGBS. The company operates integrated and grinding units across southern, eastern, and western India and has an international clinker unit in the UAE through JSW Cement FZC.

REF: https://www.jswcement.in/pdf/offer-documents/JSW Cement – Red Herring Prospectus.pdf

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