Dalal Street-bound JSW Cement has fixed the price band for its ₹3,600 core Initial Public Offer (IPO), which will open for subscription on Thursday, August 7.The JSW Group company has fixed the price band between ₹139 – ₹147 per share for its IPO. The shares will carry a face value of ₹10 per share.
Investors can bid for a minimum lot size of 102 shares and in multiples of 102 thereafter. At the upper end of the price band, this will entail a minimum investment of ₹14,994 for one lot of shares.
50% or ₹1,800 crore worth of the IPO has been reserved for the Qualified Institutional Bidders (QIB), while 15% of the offer is for High Net Worth Individuals (HNIs), and the rest is for retail investors.At the upper end of the price band, JSW Cement will have a post-issue market capitalisation of ₹20,041 crore. The issue will close for subscription on August 11.
Investors can bid for a minimum lot size of 102 shares and in multiples of 102 thereafter. At the upper end of the price band, this will entail a minimum investment of ₹14,994 for one lot of shares.
50% or ₹1,800 crore worth of the IPO has been reserved for the Qualified Institutional Bidders (QIB), while 15% of the offer is for High Net Worth Individuals (HNIs), and the rest is for retail investors.At the upper end of the price band, JSW Cement will have a post-issue market capitalisation of ₹20,041 crore. The issue will close for subscription on August 11.
Promoters of JSW Cement, which currently own a 78.61% stake in the company, will own 72.33% post the IPO, which is a combination of a fresh issue of shares worth ₹1,600 crore and an Offer For Sale (OFS) from existing shareholders, worth ₹2,000 crore. Selling shareholders in the IPO include AP Asia Opportunistic Holdings Pte. Ltd, Synergy Metals Investments Holding and State Bank of India.
JSW Cement intends to utilise ₹800 crore worth of the proceeds to finance the cost of establishing a new integrated cement unit at Nagaur, Rajasthan, while another ₹520 crore will be used to repay existing debt.
After making profits in financial year 2023 and 2024, JSW Cement made a net loss worth ₹163.8 crore in financial year 2025.
