The retail investors booked their portion 1.81 times. The Non-Institutional Investors’ (NIIs) category was subscribed by a healthy 10.97 times, while the Qualified Institutional Buyers (QIBs) subscribed the issue 15.8 times in comparison to the total number of shares on offer.
The IPO opened for subscription on August 7. It was a combination of a fresh issue of 10.88 crore shares, amounting to ₹1,600 crore, and an offer-for-sale (OFS) component of 13.6 crore shares, worth ₹2,000 crore. The IPO price band was fixed between ₹139 – ₹147 per share.JSW Cement intends to use the net proceeds from the IPO to fund a new integrated cement unit in Nagaur, Rajasthan (₹800 crore) and repay debts (₹520 crore). A portion of the IPO funds will also be used for general corporate purposes.
The investors, who bid for the IPO shares, can check the allotment status online via the BSE, NSE and the official website of the issue registrar, Kfin Technologies Ltd.Steps to check JSW Cement IPO share allotment on BSE:
- Visit the IPO allotment page on the BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
- Select ‘Equity’ as the issue type
- Choose JSW Cement Ltd. from the dropdown menu for issue names
- Enter your application number, or PAN to proceed
- Click on ‘Search’ to view your share allotment details
Steps to check JSW Cement IPO allotment on Kfin Technologies:
- Visit the IPO allotment page on the issue registrar’s website: https://ris.kfintech.com/ipostatus/
- Select any of the links from the five options
- From the dropdown menu, select ‘JSW Cement Ltd’ as the company
- Select any one of the PAN, Application Number, DP/Client ID, or Account Number/IFSC to view your allotment status
- Enter the required details
- Click on ‘Submit’ to check the allotment status
Investors can also check the IPO allotment status on the NSE website using PAN and application number.
After IPO allotment, credit of shares into the Demat account of successful bidders is scheduled to be initiated on August 13. The company will also process refunds for non-allottees the same day. Shares of JSW Cement Ltd are proposed to be listed on the NSE and BSE on Thursday, August 14.
Incorporated in 2009, JSW Cement is among the top three fastest-growing cement manufacturers in India in terms of installed grinding capacity and sales volume between FY2015-FY2025. As per CRISIL, it ranks among the top 10 cement companies in terms of installed capacity and sales volume as of March 31, 2025.