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JSW Cement is now the sixth firm from billionaire Sajjan Jindal-led JSW Group to be listed on the stock market. The last one was JSW Infrastructure Ltd., which went public in October 2023.
Other group companies are:
JSW Steel
JSW Energy
JSW Holding
Akzo Nobel India
All Time Plastics shares listed at 14% premium over the IPO price. The scrip opened at Rs 311.3 apiece on the NSE and Rs 314.3 on the BSE.
The issue price was Rs 275.
JSW Cement shares listed at 4% premium over the IPO price. The scrip opened at Rs 153.5 apiece on the NSE and Rs 153 on the BSE.
The issue price was Rs 147.
JSW Cement shares listed at 4% premium over the IPO price. The scrip opened at Rs 153.5 apiece on the NSE and Rs 153 on the BSE.
The issue price was Rs 147.
JSW Cement shares listed at 4% premium over the IPO price. The scrip opened at Rs 153.5 apiece on the NSE and Rs 153 on the BSE.
JSW Cement shares listed at 4% premium over the IPO price. The scrip opened at Rs 153.5 apiece on the NSE and Rs 153 on the BSE.
The issue price was Rs 147.
JSW Cement shares listed at 4% premium over the IPO price. The scrip opened at Rs 153.5 apiece on the NSE and Rs 153 on the BSE.
The issue price was Rs 147.
JSW Cement shares listed at 4% premium over the IPO price. The scrip opened at Rs 153.5 apiece on the NSE and Rs 153 on the BSE.
The discovery price of JSW Cement shares is Rs 153, a 4% premium over the IPO price.
"No matter what Trump says, India is the fastest growing major economy in the world," JSW Group Chairman Sajjan Jindal said.
"No matter what Trump says, India is the fastest growing major economy in the world," JSW Group Chairman Sajjan Jindal said.
Sajjan Jindal speaks at NSE during JSW Cement listing ceremony. (Image: NSE)
Parth Jindal speaks at NSE during JSW Cement listing ceremony. (Image: NSE)
Billionaire Sajjan Jindal along with his family is attending the JSW Cement listing ceremony at the NSE in Mumbai.
Billionaire Sajjan Jindal along with his family is attending the JSW Cement listing ceremony at the NSE in Mumbai.
Billionaire Sajjan Jindal along with his family is attending the JSW Cement listing ceremony at the NSE in Mumbai. (Image: NSE)
Billionaire Sajjan Jindal along with his family is attending the JSW Cement listing ceremony at the NSE in Mumbai.
Billionaire Sajjan Jindal along with his family is attending the JSW Cement listing ceremony at the NSE in Mumbai.
Billionaire Sajjan Jindal along with his family is attending the JSW Cement listing ceremony at the NSE in Mumbai. (Image: NSE)
The issue price of JSW Cement is Rs 147, based on the upper price band of the IPO.
The issue price of All Time Plastics is Rs 275.
JSW Cement IPO: Tepid subscription given ‘JSW’ brand.
7.77 times subscription applications were received.
Retail Individual Investors (RIIs): 1.81 times.
QIBs and NII subscription at 15x and 10x.
Grey Market Premium made a high of Rs 19 on Aug 5 and low of Rs 8 on Aug 7.
What to Watch
JSW currently does not have any capacity in North India.
Plans to double its installed cement grinding capacity to 41.9 MMTPA.
Looking to improve realization, lowest in the industry currently.
JSW Cement IPO: Tepid subscription given ‘JSW’ brand.
7.77 times subscription applications were received.
Retail Individual Investors (RIIs): 1.81 times.
QIBs and NII subscription at 15x and 10x.
Grey Market Premium made a high of Rs 19 on Aug 5 and low of Rs 8 on Aug 7.
What to Watch
JSW currently does not have any capacity in North India.
Plans to double its installed cement grinding capacity to 41.9 MMTPA.
Looking to improve realization, lowest in the industry currently.
The pre-open order placement session has started for All Time Plastics.
This will last for 45 minutes (9:00 a.m. to 9:45 a.m.), during which orders may be entered, modified, and cancelled. No orders will be executed during this time.
The pre-open order placement session has started for JSW Cement.
This will last for 45 minutes (9:00 a.m. to 9:45 a.m.), during which orders may be entered, modified, and cancelled. No orders will be executed during this time.
Shares of JSW Cement are scheduled to be listed on the BSE and NSE on Aug. 14.
According to InvestorGain, GMP for the JSW Cement IPO stood at Rs 4.5 per share as of 8:30 a.m. today. The latest GMP indicates an estimated listing price of Rs 151.5 apiece at a premium of 3% over the upper limit of the IPO price band.
Note: GMP does not represent official data and is based on speculation.
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