All details for JSW Cement IPO: Dates, price, financials, sustainability, registrar, and business overview.
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JSW Cement IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | To be announced |
| IPO Close Date | To be announced |
| Basis of Allotment (Tentative) | To be announced |
| Refunds Initiation (Tentative) | To be announced |
| Credit of Shares to Demat (Tentative) | To be announced |
| IPO Listing Date (Tentative) | To be announced |
Issue Structure & Reservation
| Issue Price Band | [.] – [.] per share |
|---|---|
| Market Lot | To be announced |
| Sale Type | Fresh Capital + Offer for Sale |
| Total Issue Size | â‚ą4,000.00 Cr |
| Fresh Issue | â‚ą2,000.00 Cr |
| Offer for Sale | â‚ą2,000.00 Cr |
Reservation by Category
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15% of the Offer |
Bidding Limits
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| RII | Up to Rs 2 Lakhs | Yes |
| sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Shareholder | Allowed only if bidding amount is upto Rs 2 lakhs | Yes |
| Shareholder + RII/NII | See above | Yes |
DRHP Status
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Aug 20, 2024 |
| Approval received | Mon, Jan 6, 2025 |
Company Financials (â‚ą Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2024 | 11,318.91 | 6,114.60 | 62.01 | 2,464.68 | 1,478.33 | 5,835.76 |
| 31 Mar 2023 | 10,218.61 | 5,982.21 | 104.04 | 2,292.10 | 1,305.75 | 5,421.54 |
| 31 Mar 2022 | 9,272.51 | 4,863.48 | 232.65 | 2,130.65 | 1,144.30 | 4,622.06 |
Objects of the Issue
- Fresh Issue proceeds (â‚ą2,000 Cr): Likely to be used for capacity expansion, debt reduction, working capital, and general corporate purposes. (Check RHP for actual allocation on announcement.)
- Offer for Sale proceeds (â‚ą2,000 Cr): To be received by selling shareholders after deduction of offer-related expenses and taxes.
About JSW Cement Ltd.
Incorporated: 2006
Group: JSW Group (Diversified conglomerate: steel, energy, infrastructure, cement)
Business: Leading manufacturer of green cement in India
Products: Portland Slag Cement (PSC), Ground Granulated Blast Furnace Slag (GGBS), Composite Cement
Plants: 7 (AP: Nandyal, KA: Vijayanagar, TN: Salem, MH: Dolvi, WB: Salboni, OD: Jajpur + Shiva Cement clinker unit)
Capacity: 20.60 MMTPA (as of Mar 31, 2024)
Distribution: 5,043 dealers, 10,412 sub-dealers, 164 warehouses (as of Mar 31, 2024)
Innovation: Focus on sustainable, blended cement using industrial by-products (slag)
Exports: JSW Cement exports to markets in the Middle East, Africa, and other regions (additional sources)
Awards: JSW Group and JSW Cement have received several awards for sustainability, green manufacturing, and CSR (check JSW website for latest)
Parentage: Part of Sajjan Jindal-led JSW Group, one of India’s largest conglomerates
- Green cement manufacturer: uses slag, reduces carbon footprint
- Pan-India presence with strong dealer network
- Focus on product quality, innovation, and customer reach
- Strong brand and financial backing from JSW Group
Sustainability & Green Initiatives
- JSW Cement is a leader in green cement manufacturing, using blast furnace slag and other industrial byproducts to reduce CO2 emissions.
- Focus on circular economy, waste utilization, and energy-efficient processes.
- Certified for quality and environmental management systems (ISO certifications).
- Active in CSR initiatives: rural development, education, environment, water conservation.
- JSW Group’s overall sustainability vision aligns with UN SDGs.
Contact Details
JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India
Phone: +91 22 4286 3115
Email: secretarial.jswcl@jsw.in
Website: http://www.jswcement.in/
Frequently Asked Questions (FAQ)
The price band for JSW Cement IPO has not been announced in the provided data. It will be specified in the Red Herring Prospectus (RHP).
The IPO subscription dates have not been announced in the provided data. The timeline will be detailed in the RHP.
The minimum investment for retail investors has not been specified in the provided data, as the price band and market lot size are yet to be announced. Retail investors can bid up to â‚ą2 lakh, as per the bidding limits. Details will be available in the RHP.
You can apply for the IPO through:
- Your bank's net banking platform (ASBA facility)
- Brokerage accounts (online or offline)
- Registered investment platforms
- Designated branches of syndicate banks
The exact application process will be detailed in the RHP. Retail investors and shareholders (up to â‚ą2 lakh) can bid at the cut-off price, while NII categories cannot.
JSW Cement Ltd. is a leading manufacturer of green cement in India, part of the JSW Group. Its revenue sources include:
- Sales of Portland Slag Cement (PSC), Ground Granulated Blast Furnace Slag (GGBS), and Composite Cement
- Domestic sales through a network of 5,043 dealers, 10,412 sub-dealers, and 164 warehouses across India
- Exports to markets in the Middle East, Africa, and other regions
The company’s focus on sustainable, blended cement using industrial by-products (slag) and its pan-India presence drive its revenue growth.
Key risks to consider include:
- Market risk: Dependence on the cement industry, sensitive to construction and infrastructure demand
- Debt risk: High borrowings of â‚ą5,835.76 Cr (FY24) with a debt-to-equity ratio of approximately 2.37
- Competition: Intense competition from other cement manufacturers in India
- Operational risk: Reliance on raw material availability and energy costs
- Regulatory risk: Compliance with environmental and industrial regulations
Investors should review the risk factors in the RHP before investing.
The net proceeds from the fresh issue (â‚ą2,000 Cr) are likely to be used for:
- Capacity expansion
- Debt reduction
- Working capital requirements
- General corporate purposes
The offer for sale proceeds (â‚ą2,000 Cr) will go to selling shareholders after deducting offer-related expenses and taxes. Specific allocations will be detailed in the RHP.
JSW Cement has:
- Revenue growth from â‚ą4,863.48 Cr (FY22) to â‚ą6,114.60 Cr (FY24)
- Net worth growth from â‚ą2,130.65 Cr (FY22) to â‚ą2,464.68 Cr (FY24)
- Production capacity of 20.60 MMTPA across 7 plants as of March 31, 2024
- Distribution network of 5,043 dealers, 10,412 sub-dealers, and 164 warehouses
- Recognized for sustainability and green manufacturing, with awards for CSR and environmental initiatives
The company’s focus on green cement and strong JSW Group backing drives its growth, despite a decline in PAT from ₹232.65 Cr (FY22) to ₹62.01 Cr (FY24).
As of March 31, 2024:
- Total borrowings: â‚ą5,835.76 crore
- Debt-to-equity ratio: ~2
