JSW Cement, part of the JSW Group, kicked off its ₹3,600 crore IPO on August 7 and closes on August 11, with shares set to list on August 14 across BSE and NSE. The price band ranges from ₹139 to ₹147 per share (face value ₹10), with a minimum lot size of 102 shares (~₹14,178) for retail investors.

The issue includes a fresh issue of ₹1,600 crore intended to fund a new integrated cement unit in Nagaur, Rajasthan, ₹520 crore for debt repayment, and the remaining for general corporate purposes. The ₹2,000 crore offer-for-sale (OFS) reflects shareholder divestment through existing holdings.

Grey Market Premium (GMP) currently stands at 3%, indicating modest investor sentiment and tempered listing expectations, despite earlier speculation of double‑digit gains.

JSW Cement operates seven plants with a combined installed capacity of 20.6 million tonnes per annum, with a growing focus on sustainable “green cement” variants. However, FY25 financials include a net loss of ₹163.8 crore and declining revenue and EBITDA accruals, underscoring near-term challenges.

With anchor investors already injecting over ₹1,080 crore at ₹147/share, the IPO reflects institutional confidence and foundational support ahead of listing.