JSW Cement IPO: GMP, price band, key dates and more
- Krishna Priya
- Aug 4, 2025
- 2 min read
Updated: Aug 7, 2025
The company has set a price band of ₹139 to ₹147 per equity share, with a lot size of 102 shares, translating to a minimum investment of ₹14,178 for retail investors.
IPO Snapshot
Total Issue Size: | ₹3,600 Cr |
Fresh Issue: | ₹1,600 Cr |
Offer for Sale: | ₹2,000 Cr |
Face Value: | ₹10 |
Price Band: | ₹139 to ₹147 |
Lot Size: | 102 |
Minimum Investment: | ₹14,178 |
Listing: | BSE, NSE |
Anchor Investors: | 6 August, 2025 |
Opens: | 7 August, 2025 |
Closes: | 11 August, 2025 |
Incorporated in 2006, JSW Cement Limited is a green cement manufacturer under the JSW Group, focusing on sustainable and eco-friendly production methods. With seven strategically located plants across India, including integrated, clinker, and grinding units, the company serves key markets in the South, West, and East. As of March 31, 2025, it has an installed grinding capacity of 20.60 million tonnes per annum (MMTPA), making it one of the fastest-growing cement companies in the country.
Financial Performance
Period Ended | Revenue (₹ Cr) | Profit After Tax (₹ Cr) |
31 Mar 2025 | ₹5,813.07 | ₹(163.77) (Loss) |
31 Mar 2024 | ₹6,028.10 | ₹62.01 |
31 Mar 2023 | ₹5,836.72 | ₹104.09 |
Grey Market Premium
As of now, GMP for JSW Cement Limited is ₹9, indicating modest market interest. Based on the upper price band of ₹147, the estimated listing price is around ₹156, implying a potential listing gain of approximately 6.12%.
Peers comparison
Company Name | CMP (₹) | Market Cap (₹ Cr.) | P/E | Sales (₹ Cr.) | OPM % | PAT (₹ Cr.) |
JSW Cement | - | - | - | 5,813.07 | - | (163.77) (FY25) |
UltraTech Cement | 12,150 | 3,58,035.19 | 51.83 | 77,752.33 | 17.91 | 6,910.97 |
Ambuja Cements | 608.25 | 1,49,819.46 | 34.63 | 37,114.29 | 17.92 | 4,319.33 |
Shree Cement | 30,551.70 | 1,10,232.82 | 98.64 | 19,282.83 | 20.40 | 1,117.62 |
JK Cement | 6,743.40 | 52,105.08 | 56.85 | 12,424.11 | 17.94 | 916.97 |
Dalmia Bharat | 2,204.00 | 41,339.36 | 44.80 | 13,995.00 | 18.73 | 922.86 |
The Ramco Cements | 1,168.00 | 27,598.93 | 272.41 | 8,518.40 | 14.49 | 101.32 |
India Cements | 361.65 | 11,207.44 | - | 4,170.77 | -6.58 | (409.44) |
Use of Proceeds
JSW Cement plans to utilize the net proceeds from the fresh issue primarily to fuel its expansion and reduce debt. Approximately ₹800 crore will be allocated towards setting up a new integrated cement plant at Nagaur, Rajasthan, strengthening the company’s footprint in North India. Another ₹520 crore is earmarked for repayment or prepayment of outstanding borrowings, enhancing the balance sheet and reducing interest burden. The remaining funds will be used for general corporate purposes, providing financial flexibility for future strategic initiatives.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
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