JSW Cement Ltd IPO

We are a cement manufacturing company in India focused on manufacturing green cementitious products comprising blended cement (which includes portland slag cement (PSC) and portland composite cement (PCC)) and ground granulated blast furnace slag (GGBS). We also manufacture ordinary portland cement (OPC), clinker and a range of allied cementitious products such as ready-mix concrete (RMC), screened slag, construction chemicals and waterproofing compounds.

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50years

JSW Cement Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
TBATBATBA₹ 9,861.35 LBSE₹ 3600 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
07 Aug, 2511 Aug, 25TBA TBA Book Building14 Aug, 25

JSW Cement Ltd IPO Dates

  • 07 Aug 2025

    Opening date

  • 11 Aug 2025

    Closing date

  • 12 Aug 2025

    Basis of
    Allotment

  • 13 Aug 2025

    Initiation of
    Refunds

  • 13 Aug 2025

    Credit of
    Shares

  • 14 Aug 2025

    Listing date

Details

SectorType
SectorCement - North India
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x00
NII0x00
Retail0x00
Employee0x00
Total0x00

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

JSW Cement Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations666.18533.72668.58
EBITDA908.65766.06838.53
PAT220.92249.75324.39
Total Assets3,058.122,668.512,300.34
Share Capital2,733.612,596.47986.35
Total Borrowings3,788.844,209.362,650.51
Operating Activities (Net Cash)463.39482.09494.34
Investing Activities (Net Cash)457.99232.61583.09
Financing Activities (Net Cash)3,788.844,209.362,650.51
Net Cashflow289.8350.04456.54

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About JSW Cement Ltd

Our Company was incorporated as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 29, 2006 issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). Our Company received a certificate of commencement of business on May 12, 2006 by the RoC.

The end-user sectors for our products (blended cement, GGBS, OPC, clinker and allied cementitious products) include the industrial and commercial building, rural housing, urban housing industries and infrastructure sectors. The demand for cement from these end-user sectors is expected to grow at a CAGR of 6.5% - 7.5%, 7.0% - 8.0%, 6.0%-7.0% and 8.5% - 9.5%, respectively from Fiscal 2025 to Fiscal 2030. As a result, Indian cement demand is expected to grow at a healthy 7.5-8.5% CAGR from Fiscal 2025 to Fiscal 2030; which in turn will increase the demand for blended cement, GGBS, OPC, clinker and allied cementitious products. Demand for GGBS in particular is expected to grow at a CAGR of 14.00%-15.00% from Fiscal 2025 to Fiscal 2030.

We are a cement manufacturing company in India focused on manufacturing green cementitious products comprising blended cement (which includes portland slag cement (PSC) and portland composite cement (PCC)) and ground granulated blast furnace slag (GGBS). We also manufacture ordinary portland cement (OPC), clinker and a range of allied cementitious products such as ready-mix concrete (RMC), screened slag, construction chemicals and waterproofing compounds.

Peer Comparison:

  • JSW Cement Limited*
  • UltraTech Cement Limited
  • Ambuja Cements Limited
  • Shree Cement Limited
  • Dalmia Bharat Limited
  • JK Cement Limited
  • The Ramco Cements Limited
  • India Cements Limited

JSW Cement Ltd IPO Key Points

Strengths

  • We are among the top 10 cement companies in terms of installed capacity and sales volume as of March 31 2025
  • We are India's largest manufacturer of ground granulated blast furnace slag (GGBS) and have a proven track record of scaling up this business.
  • Strategically located plants that are well-connected to raw material sources and key consumption markets.
  • We have the lowest carbon dioxide emission intensity among our peer cement manufacturing companies in India and the top global cement manufacturing companies.
  • Extensive sales and distribution network in India and focus on strong brand.

Risk

  • Our business depends on our ability to mine and procure sufficient limestone for our operations. Our inability to do so on reasonable terms, or at all, could have an adverse impact on our business, financial condition, and results of operations.
  • A grinding unit at Sambalpur, Odisha is currently being constructed by Bhushan Power and Steel Limited, a Group Company, and post commencement of operations this unit is proposed to be transferred to Shiva Cement Limited, our Subsidiary. The Supreme Court of India pursuant to its order dated May 2, 2025 has directed for initiation of liquidation proceedings against Bhushan Power and Steel Limited, which has subsequently been stayed by the Supreme Court of India. There can be no assurance that the Sambalpur plant will commence operations within the timeline or at the planned costs and that Bhushan Power and Steel Limited will not be liquidated. Any adverse occurrence in relation to Bhushan Power and Steel Limited or in relation to the Sambalpur may significantly impact our expansion plans and financial condition.
  • We are significantly dependent on JSW Steel Limited and its subsidiaries, our related parties, for the supply of blast furnace slag (92.93% of total blast furnace slag consumed in Fiscal 2025), which is a key additive raw material used for manufacturing green cementitious products such as ground granulated blast furnace slag and blended cement. We also purchase a part of our requirement of other raw materials such as fly ash and clinker from members of JSW Group. The loss of one or more such suppliers could adversely affect our business, results of operations, financial condition, and cash flows.

Strategy

  • Create a pan-India footprint by setting up new plants in north and central India, supplemented by expansions in our current regions of operation.
  • Continue to deepen our presence in existing markets and grow our market share.
  • Continue to improve operational efficiency and implement cost reduction measures.
  • Continue to focus on sustainable development.
  • We are among the top 10 cement companies in terms of installed capacity and sales volume as of March 31 2025
  • We are India's largest manufacturer of ground granulated blast furnace slag (GGBS) and have a proven track record of scaling up this business.
  • Strategically located plants that are well-connected to raw material sources and key consumption markets.
  • We have the lowest carbon dioxide emission intensity among our peer cement manufacturing companies in India and the top global cement manufacturing companies.
  • Extensive sales and distribution network in India and focus on strong brand.

How To Apply for JSW Cement Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

JSW Cement Ltd's IPO offers shares for up to ₹ 0.02 L It begins on Aug 7, 2025 and ends on Aug 11, 2025.

The price of JSW Cement Ltd IPO ranges between NA to NA per share.

The JSW Cement Ltd IPO opens on Aug 7, 2025 and closes on Aug 11, 2025.

The allotment for the JSW Cement Ltd IPO will be finalised on Aug 12, 2025. The shares will be listed on BSE and NSE on Aug 14, 2025.

The minimum lot size for JSW Cement Ltd IPO is 0 shares, priced between NA to NA per share.

The GMP (Grey Market Premium) of JSW Cement Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of JSW Cement Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The JSW Cement Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 7, 2025, and closes on Aug 11, 2025. The allotment is finalised on Aug 12, 2025.

To apply for the JSW Cement Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.