JSW Cement IPO: Company Gears Up for ₹3,600 Crore Dalal Street Debut Next Week
The countdown has begun for one of the most anticipated stock market listings of the year. JSW Cement, a key part of Sajjan Jindal’s JSW Group, is all set to launch its Initial Public Offering (IPO) next week, aiming to raise ₹3,600 crore from public investors.
For those watching the markets, be sure to mark your calendars. The IPO will open for subscription on Wednesday, August 7, and close on Monday, August 11.
While the company had initially eyed a larger issue of ₹4,000 crore, it has now settled on a slightly leaner ₹3,600 crore offering. JSW Cement IPO is a mix of fresh shares being issued by the company and an Offer for Sale (OFS), where existing investors sell some of their stake. The OFS component, which lets early backers like Apollo Global and Synergy Metals cash in on their investment, remains at ₹2,000 crore. The company itself will raise ₹1,600 crore through the fresh issue, a reduction from the ₹2,000 crore planned earlier.
So, where is all this money headed? JSW Cement has a clear roadmap. A hefty ₹800 crore will be poured into building a brand-new integrated cement plant in Nagaur, Rajasthan. Another ₹520 crore will be used to pay down existing loans, strengthening the company’s balance sheet. The rest will be kept for general business needs.
This IPO is a crucial part of JSW’s aggressive growth strategy. The company is already a major player with seven operational plants, but it’s looking to nearly double its production capacity. The plan is to ramp up its grinding capacity from 20.60 MMTPA to a massive 41.85 MMTPA, putting it in a stronger position to compete with industry giants like UltraTech, Ambuja, and Shree Cement.
JSW Cement IPO timeline of what to expect:
* Anchor Investors: Tuesday, August 6
* Public Subscription: Wednesday, August 7 to Monday, August 11
* Shares Allotted: Tuesday, August 12
* Trading Begins on BSE & NSE: Thursday, August 14
A host of top-tier investment banks, including Goldman Sachs, Kotak Capital, SBI Caps, and Jefferies, are managing the IPO, highlighting the significance of this public issue. As JSW Cement prepares to step into the spotlight, all eyes will be on its performance on Dalal Street.
Seems good IPO i might try hope I’ll get this IPO. thanks for your information