The IPO saw robust interest across investor categories — Qualified Institutional Buyers (QIBs) subscribed 15.80 times, Non-Institutional Investors (NIIs) 10.97 times, and Retail Investors 1.81 times.
The allotment was finalized on August 12, 2025, with shares credited to investors’ demat accounts and refunds processed on August 13, 2025. The shares are scheduled to be listed today on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
This successful IPO was managed by leading investment banks, including JM Financial Limited, Kotak Mahindra Capital, SBI Capital Markets, Citigroup, and Goldman Sachs, with Kfin Technologies Limited as the registrar.
The funds raised from the fresh issue of ₹1,600 crore will support a new integrated cement unit in Nagaur, Rajasthan, repay borrowings, and meet corporate requirements. The remaining ₹2,000 crore was raised through an offer for sale by existing shareholders.
The IPO price band was fixed between ₹139 and ₹147 per share, with a lot size of 102 shares, making the minimum retail investment approximately ₹14,178. The strong subscription and positive market response indicate good investor confidence, with the grey market premium hinting at expected gains upon listing.
Overall, the JSW Cement IPO has made an impressive market entry and sets a positive tone for its stock performance as it lists today on the exchanges.
