JSW Cement IPO: Allotment, Subscription Status, Listing Date and More

Mumbai-based cement maker JSW Cement is set to allot its shares today. Applicants who have applied to the IPO will get messages, alerts or emails regarding debit of their funds or revocations of their IPO mandate today or latest by Wednesday, August 13.

JSW Cement IPO was open for bidding between August 07-August 11. The price band was fixed between ₹39-147 per share with a lot size of 102 shares. The company raised a total capital of ₹3,600 crore via IPO, which included fresh issue of ₹1600 crore. The shares of the company are going to be listed on both BSE and NSE on August 14.

Overall, the issue was subscribed by only 7.77 times, totalling 12.75 lakh applications. The portion by qualified institutional bidders (QIBs) was subscribed 15.80 times, while non-institutional investors (NIIs) booked the issue by 10.97 times. Retail investors and employees subscribed to the issue by 1.81 times.

Followed by muted bidding and weak market sentiments, the GMP of JSW Cement has reported some correction. As per the latest developments, the company commanded a premium of ₹5-6 in the unofficial market. The GMP stood at ₹13 when the issue had opened for bidding.

Founded in 2006, JSW Cement is engaged in manufacturing of green cement in India. As of March 31, 2025, the company installed a grinding capacity of 20.60 MMTPA.