JSW Cement Ltd IPO
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JSW Cement Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 2,448.98 L | ₹ 1,360.54 L | ₹ 857.14 L | ₹ 9,861.35 L | BSE | ₹ 3600 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 07 Aug, 25 | 11 Aug, 25 | 102 | ₹ 14,178 | Book Building | 14 Aug, 25 |
JSW Cement Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Cement - North India |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 6.69x | 122448979 | 818650266 |
| NII | 11.61x | 36734694 | 426356022 |
| Retail | 1.92x | 85714286 | 164313636 |
| Employee | 0x | 0 | 0 |
| Total | 5.75x | 244897959 | 1409319924 |
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) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 666.18 | 533.72 | 668.58 |
| EBITDA | 908.65 | 766.06 | 838.53 |
| PAT | 220.92 | 249.75 | 324.39 |
| Total Assets | 3,058.12 | 2,668.51 | 2,300.34 |
| Share Capital | 2,733.61 | 2,596.47 | 986.35 |
| Total Borrowings | 3,788.84 | 4,209.36 | 2,650.51 |
| Operating Activities (Net Cash) | 463.39 | 482.09 | 494.34 |
| Investing Activities (Net Cash) | 457.99 | 232.61 | 583.09 |
| Financing Activities (Net Cash) | 3,788.84 | 4,209.36 | 2,650.51 |
| Net Cashflow | 289.83 | 50.04 | 456.54 |
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
JSW Cement Limited 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). The 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
- Its business depends on the company ability to mine and procure sufficient limestone for its operations. The company inability to do so on reasonable terms, or at all, could have an adverse impact on its 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.
- The company is significantly dependent on JSW Steel Limited and its subsidiaries, its 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. The company also purchase a part of itsrequirement 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 its 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.
