⁠JSW Cement IPO: Here’s What GMP Signals Ahead Of Aug. 7 Launch

The initial public offering (IPO) of JSW Cement Ltd. is set to open on Thursday, Aug. 7.

The company is part of the diversified JSW Group, promoted by Sajjan Jindal. It's a leading manufacturer of green cement.

Ahead of the opening of the Rs 3,600-crore issue, here's a look at the grey market premium (GMP) and other details of JSW Cement IPO.

According to InvestorGain, as of 9:30 a.m. on Aug. 5, the grey market premium (GMP) for JSW Cement IPO stood at Rs 19 per share. Based on the upper end of the price band set at Rs 147, the estimated listing price stands at Rs 166 apiece. The latest GMP indicates a potential listing gain of around 12.93% per share.

Note: GMP does not represent official data and is based on speculation.

JSW Cement’s IPO is a book-building issue of Rs 3,600 crore, comprising a fresh issue of 10.88 crore shares, worth Rs 1,600 crore, and an offer-for-sale (OFS) of 13.61 crore shares, aggregating to Rs 2,000 crore.

The price band for the JSW Cement IPO has been fixed between Rs 139 and Rs 147 per share.

Investors can apply for a minimum of 102 shares and in multiples thereafter. Retail investors can apply for a minimum of one lot, or 102 shares, requiring an investment of Rs 14,994. Small HNIs can bid for a minimum of 14 lots, or 1,428 shares, amounting to an investment of Rs 2,09,916. Large HNIs need to bid for at least 67 lots or 6,834 shares, which requires an investment of Rs 10,04,598.

The JSW Cement IPO subscription window will remain open till Monday, Aug. 11. The IPO share allotment status is expected to be finalised on Tuesday, Aug. 12. Refunds to unsuccessful applicants are expected to be initiated on Wednesday, Aug. 13. Shares are also likely to be credited to the Demat accounts to successful applicants on the same day.

Shares of JSW Cement Ltd. are tentatively scheduled to be listed on the BSE and NSE on Thursday, Aug. 14.

JM Financial Ltd. is the book-running lead manager for the JSW Cement IPO. Kfin Technologies Ltd. is the registrar for the issue.

JSW Cement operates seven plants across the country, including one integrated unit, one clinker unit and five grinding units. These are located in Andhra Pradesh (Nandyal plant), Karnataka (Vijayanagar plant), Tamil Nadu (Salem plant), Maharashtra (Dolvi plant), West Bengal (Salboni plant) and Odisha (Jajpur plant and the majority-owned Shiva Cement Ltd. clinker unit).

JSW Cement plans to use the net proceeds from the IPO for three main purposes. A portion will go towards setting up a new integrated cement unit at Nagaur, Rajasthan. A part of the funds will be used to prepay or repay existing borrowings. The remaining amount will be allocated for general corporate purposes.

For the financial year ended March 31, 2025, JSW Cement reported a total income of Rs 5,914.67 crore, compared to Rs 6,114.6 crore in the previous fiscal. The company reported a net loss of Rs 163.77 crore in 2025, against a net profit of Rs 62.01 crore in 2024.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.