JSW Cement IPO, JSW Cement IPO Subscription Replace: The Rs 3,600-crore preliminary public providing (IPO) of JSW Cement has been subscribed 22 per cent to date on the primary day of bidding, Thursday, August 7.
In accordance with BSE information, the IPO obtained bids for 3.89 crore shares towards the full provide of 18.12 crore shares as of 11:40 am.
Class-wise, the retail portion subscribed 25 per cent, whereas the non-institutional buyers (NIIs), also referred to as high-net-worth people (HNIs), whose portion noticed a 11 per cent subscription. In the meantime, certified institutional consumers (QIBs) quota booked 23 per cent.
The cement agency raised Rs 1,080 crore from anchor buyers on Wednesday, August 6. The anchor e-book noticed participation from each home and overseas institutional buyers, together with Nomura, the Authorities of Singapore, Abu Dhabi Funding Authority, Morgan Stanley Funding Fund, Goldman Sachs (Singapore) Pte, and the Kuwait Funding Authority. Amongst home establishments, notable members included SBI Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, Aditya Birla Solar Life Mutual Fund, Motilal Oswal Mutual Fund, and SBI Life Insurance coverage Firm. In accordance with BSE, JSW Cement allotted 7,34,69,386 fairness shares to 52 anchor buyers at Rs 147 per share, aggregating to Rs 1,080 crore.
The corporate has set a value band of Rs 139–147 per share for the IPO. The includes a contemporary problem of shares price Rs 1,600 crore, together with a proposal on the market (OFS) of Rs 2,000 crore by current shareholders.
In accordance with the draft prospectus, JSW Cement plans to make use of Rs 800 crore from the online proceeds to partially fund a brand new built-in cement plant at Nagaur, Rajasthan. An extra ₹520 crore might be used for debt reimbursement, with the rest allotted for basic company functions. As of March 31, 2025, the corporate’s complete borrowings stood at Rs 6,166.6 crore.
JSW Cement monetary efficiency
On the monetary entrance, JSW Cement reported income from operations of Rs 5,813.1 crore for FY25, in comparison with Rs 6,028.1 crore in FY24 and Rs 5,836.7 crore in FY23. The corporate posted a web lack of Rs 163.77 crore in FY25.
Different particulars
Listed below are different particulars of the IPO:
- Market Capitalisation (Put up Subject): Rs 19,038 crore to Rs 20,041 crore, primarily based on value band
- Bid Lot: 102 shares and in multiples thereof
Allocation construction
- Certified Institutional Consumers (QIBs): 50 per cent
- Retail Buyers: 35 per cent
- Non-Institutional Buyers (NIIs): 15 per cent
BRLMs, registrar particulars
The IPO book-running lead managers of the IPO are JM Monetary, Axis Capital, Citigroup World Markets India, DAM Capital Advisors, Goldman Sachs India, Jefferies India, Kotak Mahindra Capital, and SBI Capital Markets, whereas KFin Applied sciences is serving because the registrar to the problem.
