JSW Cement Plans €3,600 Crore IPO with August Subscription

JSW Cement, part of the Sajjan Jindal-led JSW Group, is launching a Rs 3,600 crore IPO consisting of a Rs 1,600 crore fresh issue and a Rs 2,000 crore offer for sale by existing shareholders, with the price band set between Rs 139 and Rs 147 per share. The IPO opens on August 7 and closes on August 11, 2025, with retail investors allotted around 35% of the issue and the rest split between qualified institutional buyers and non-institutional investors. Proceeds from the fresh issue will primarily fund a new cement manufacturing plant in Nagaur, Rajasthan, repayment of debt, and general corporate purposes, supporting JSW Cement's plan to expand its capacity from 20 MTPA to 60 MTPA within five years to increase its market share from 3.5% to about 10%. The IPO has generated positive investor sentiment, trading at a grey market premium suggesting potential listing gains of approximately 13%. JSW Cement, known for its green cement products and sustainable practices, competes with major Indian cement producers like UltraTech Cement and Ambuja Cement. The IPO is expected to be listed on the Indian stock exchanges around August 14, 2025.