JSW Cement IPO to Open on August 7: Check Price Band, Lot Size and More

JSW Cement, one of the fastest-growing cement manufacturing companies in India, is all set to launch its ₹3,600 crore IPO on August 7, 2025. The company has filed its RHP (red herring prospectus) on August 1, 2025. 

The proposed issue is a bookbuilding issue of ₹3,600 crores, consisting of a fresh issue of ₹1,600 crores and an offer for sale of ₹2,000 crores. 

Offer Details

Price Band: The IPO price band is set at ₹139 to ₹147 per share. 

Lot Size:

• For retail investors: 1 lot (102 shares), requiring a minimum investment of ₹14,178. 
• For Non-Institutional Investors (NIIs)
• • sNII (small NII): Minimum application of 14 lots (1,428 shares), requiring an investment of ₹2,09,916
  • bNII (big NII): Minimum application of 67 lots (6,834 shares), requiring an investment of ₹10,04,598

Book-running lead manager: 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. 

Registrar: KFin Technologies Limited

Use of Proceeds: The net proceeds from the fresh issue will be used to

• Finance the capital expenditure towards establishing a new integrated cement unit at Nagaur, Rajasthan
• Repay/prepay the company’s outstanding borrowings 
• General corporate purposes 

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About the company

JSW Cement is a cement manufacturing company that produces green cementitious products, including blended cement such as Portland Slag Cement (“PSC”) and Portland Composite Cement (“PCC”), Ground Granulated Blast Furnace Slag (“GGBS”), Ordinary Portland Cement (“OPC”), clinker, and allied cementitious products such as Ready-Mix Concrete (“RMC”), screened slag, construction chemicals, tile adhesives, grouts, and waterproofing compounds. 

The company is among the top three fastest-growing cement manufacturing companies and the top 10 cement companies in India. As of March 31, 2025, JSW’s installed grinding capacity is 20.60 MMTPA, consisting of 11.00 MMTPA, 4.50 MMTPA and 5.10 MMTPA in India’s southern, western and eastern regions, respectively.

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