Last updated on August 7, 2025
The much-awaited JSW Cement IPO is set to open for subscription on August 7, 2025, and will close on August 11, 2025. This is a book-built issue, where the company is going to raise around ₹3,600 crores. The IPO includes a fresh issue worth ₹1,600 crores and an OFS of up to 13.60 crore equity shares, each with a face value of ₹10.
The price band for the IPO is set between ₹139 and ₹147 per share. As per the reservation breakup, 35% of the shares are reserved for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for Non-Institutional Investors (HNIs).
Once the allotment is finalised on August 12, 2025, JSW Cement is scheduled to get listed on both BSE and NSE on August 14, 2025.
Objects of the Issue:
- Funding Capital Expenditure for Nagaur Project (Rajasthan)
- Repayment or Prepayment of Borrowings
- General corporate purposes.
JSW Cement IPO Date & Price Band Details
| IPO Open Date: | August 7, 2025 |
| IPO Close Date: | August 11, 2025 |
| Issue Size: | Approx ₹3,600 Crores |
| Fresh Issue: | Approx ₹1,600 Crores |
| Offer for Sale: | Approx ₹2,000 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹139 to ₹147 Per Share |
| IPO Listing Date: | August 14, 2025 |
| IPO Listing On: | BSE & NSE |
| IPO Retail Quota: | 35% |
| IPO NII Quota: | 15% |
| IPO QIB Quota: | 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
JSW Cement IPO Allotment & Listing Dates
JSW Cement IPO will open for subscription on August 7, 2025, and close on August 11, 2025. The allotment will be finalised on August 12, 2025, and shares will get credited to the demat account by August 13, 2025. Finally, the company is going to list on the BSE and NSE on August 14, 2025
| Anchor Investors Allotment: | August 6, 2025 |
| IPO Open Date: | August 7, 2025 |
| IPO Close Date: | August 11, 2025 |
| Basis of Allotment: | August 12, 2025 |
| Refunds: | August 13, 2025 |
| Credit to Demat Account: | August 13, 2025 |
| IPO Listing Date: | August 14, 2025 |
JSW Cement IPO Market Lot
JSW Cement IPO minimum market lot is 102 shares with ₹14,994 application amount. The retail investors can apply up-to 13 lots with 1,326 shares or ₹1,94,922 amount.
| Application | Lot Size | Share | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 102 | ₹14,994 |
| Retail Maximum | 13 | 1,326 | ₹1,94,922 |
| S-HNI Minimum | 14 | 1,428 | ₹2,09,916 |
| B-HNI Minimum | 67 | 6,834 | ₹10,04,598 |
Brokerage Firm Review on JSW Cement:
Most brokerages (Canara Bank, Nirmal Bang, Ventura, Reliance, Swastika Investmart) have issued a ‘Subscribe’ rating for JSW Cement IPO. Their rationale includes the company’s strong positioning in green cement, strategic backing from JSW Group, and long-term growth visibility in India’s infrastructure sector.
| Brokerage | Recommendation | Key Reasoning/Notes |
|---|---|---|
| Emkay Global | Detailed analysis provided | Their published report includes an in-depth financial and business analysis, but does not state a direct “subscribe” or “avoid” rating in their public summary. Readers are advised to refer to the full report for investment decision. |
| SMC Global | Research available | Lists JSW Cement as an upcoming IPO and indicates robust research support, but their explicit subscribe/avoid call isn't found in public domain. |
| Sharekhan | Analysis published | Provides financial highlights, growth metrics and performance details without an explicit subscribe/avoid verdict in current summaries. |
| Canara Bank Securities | Subscribe | Strong positioning in green cement, growth potential, and strategic alignment within JSW Group |
| DRChoksey FinServ | Subscribe | Coverage highlights sector growth potential and long-term strategies |
| Swastika Investmart | Subscribe (with caution) | Flagged high valuation and current losses; subscribe for long-term/high-risk investors |
| Ventura Securities | Subscribe | Loss in FY25 seen as transitory; expects return to profit in FY26 |
| Reliance Securities | Subscribe | “Differentiated, future-ready cement player” with long-term growth visibility |
| ICICIdirect |
You can check IPO subscription status and IPO allotment status on their respective pages.
JSW Cement Company Financial Report
| ₹ in Crores | ||||
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹4,863.48 | ₹4,465.49 | ₹232.65 | ₹9,272.51 |
| 2023 | ₹5,982.21 | ₹5,838.68 | ₹104.04 | ₹10,218.61 |
| 2024 | ₹6,114.60 | ₹5,808.21 | ₹62.01 | ₹11,318.91 |
| 2025 | ₹5,914.67 | ₹5,859.84 | ₹163.77 | ₹12,003.94 |
JSW Cement IPO Valuation – FY2025
Check JSW Cement IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹ per Equity Share |
| Price to Earning (P/E) Ratio: | N/A |
| Return on Net Worth (RoNW): | 0.00 % |
| Net Asset Value (NAV): | ₹ per Equity Share |
JSW Cement Company Promoters
Sajjan Jindal – Chairman of JSW Group
Parth Jindal – Managing Director, JSW Cement
Sangita Jindal
Adarsh Advisory Services Pvt. Ltd.
Sajjan Jindal Family Trust
JSW Cement Management Team
Parth Jindal – Managing Director
Nilesh Narwekar – CEO
Anshul Singhal – COO
Sneha Bindra – Company Secretary and Compliance Officer
JSW Cement Peer Group Companies
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW |
|---|---|---|---|---|---|
| JSW Cement Limited | -1.16 | -1.16 | 23.85 | -4.85 | |
| Ultratech Cement Limited | 205.3 | 205.13 | 2403.71 | 59.56 | 8.54 |
| Ambuja Cements Limited | 17 | 16.96 | 218 | 35.97 | 7.8 |
| Shree Cement Limited | 311.18 | 311.18 | 5969.32 | 97.77 | 5.21 |
| Dalmia Bharat Limited | 36.42 | 36.42 | 926.34 | 60.39 | 3.93 |
| Jk Cement Limited | 111.44 | 111.44 | 788.03 | 58.39 | 14.14 |
| The Ramco Cements Limited | 11.53 | 11.53 | 314.82 | 103.5 | 3.66 |
| The India Cements Limited | 153.23 | 153.23 | 328.95 | 2.38 | -1.41 |
JSW Cement IPO Registrar
KFin Technologies Limited
Email: jswcement.ipo@kfintech.com
Phone: +91 40 6716 2222
Book Running Lead Managers (BRLMs)
JM Financial Limited
Axis Capital Limited
DAM Capital Advisors
Citigroup Global Markets India
Goldman Sachs (India) Securities
Jefferies India
Kotak Mahindra Capital
SBI Capital Markets
JSW Cement IPO Allotment Status Check
Check JSW Cement IPO allotment status on the KFintech website allotment URL. Click Here
JSW Cement Company Address
JSW Cement Ltd.
JSW Centre,
Bandra Kurla Complex,
Bandra (East),
Mumbai, Maharashtra-400051
Website: http://www.jswcement.in/
Phone: +91 22 4286 3114
Email: secretarial.jswcl@jsw.in
JSW Cement IPO Form
How to apply for the JSW Cement IPO? You can apply for JSW Cement IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the JSW Cement IPO in the Invest section. The other option is you can apply for JSW Cement IPO via IPO forms downloaded via NSE and BSE. Check out the JSW Cement forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
JSW Cement IPO FAQs
JSW Cement IPO open date is August 7, 2025 and the IPO will close on August 11, 2025. JSW Cement IPO is a Book Built Issue. The company to raise around ₹3,600 crores via IPO that comprises fresh issue of ₹1,600 crores and offer for sale of ₹2,000 with face value of ₹10 each
The JSW Cement IPO is going to open on August 7, 2025 for QIB, NII, and Retail Investors.
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
You can apply for JSW Cement IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stockbrokers. You can also apply via your stockbrokers by filling up the offline form.
JSW Cement IPO size is ₹2000 crores.
The Price Band for JSW Cement IPO is ₹139 to ₹147 Per Share.
The minimum bid is 102 Shares with ₹14,994 amount while the maximum bid is 13 shares with ₹1,94,922 for retail investors.
JSW Cement IPO allotment date is August 12, 2025.
JSW Cement IPO listing date is August 14, 2025. The IPO is to list on BSE and NSE.