The basis of allotment for the ₹3600 crores JSW Cement IPO will be announced today, 12 August 2025. The bidding window was open from August 7, 2025, to August 11, 2025, during which the IPO received 1,40,93,19,924 bids against 18,12,94,964 total shares offered.
JSW Cement IPO is a book-building issue of ₹3600 crores, consisting of a fresh issue of ₹1600 crores and an offer for sale of ₹2000 crores. The price band is set between ₹139 and ₹147 per share.
Booking-running lead managers for the IPO are JM Financial Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, DAM Capital Advisors Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited, while KFin Technologies Limited is the registrar to the issue.
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[11 August, 2025, End of the day]
Investor Category |
Subscription (Times) |
Qualified Institutional Buyers(QIBs) |
15.80 |
Non-Institutional Investors |
10.97 |
Retail Individual Investors(RIIs) |
1.81 |
Total |
7.77 |
The net proceeds from the fresh issue will be used towards the following objectives:
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As of 12 August 2025, JSW Cement IPO’s GMP stood at ₹4.25. The estimated listing price is ₹151.25, i.e., a 2.89% gain per share over the upper price band.
Source: Business Standard Report dated 12 August, 2025
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