JSW Cement IPO: Launch date, share price band, latest GMP today – 10 things investors need to know before applying

The initial public offer (IPO) of JSW Cement, the cement arm of the steel-to-autos JSW conglomerate, is set to open for public subscription. The upcoming public issue is already attracting strong interest in the grey market. JSW Cement, part of Sajjan Jindal-owned JSW Group, first filed to go public in August last year. However, the markets regulator SEBI had put it on hold for four months without disclosing a reason, and approved the filing only in January this year. A list of 10 things investors must know if they are planning to apply for the JSW Cement IPO. 1. JSW Cement IPO Launch, Close Dates The IPO of JSW Cement will open for public subscription on Thursday, August 7, and it will close on Monday, August 11. The anchor book is scheduled to open a day earlier, on Wednesday, August 6. 2. JSW Cement IPO Price Band, Lot Size JSW Cement has fixed the price band between Rs 139 and Rs 147 per share with a face value of Rs 10 for its Rs 3,600 crore initial public offering (IPO). Investors can bid for a minimum of 102 shares and in multiples thereof. The minimum amount of investment required by an individual investor (retail) is Rs 14,178 (102 shares). While the lot size investment for sNII is 14 lots (1,428 shares), amounting to Rs 2,09,916 and for bNII, it is 67 lots (6,834 shares), amounting to Rs 10,04,598. 3. JSW Cement IPO GMP Price Today Shares of JSW Cement are currently commanding premium in the range of Rs 8-17 per share. This translates to an approximate 11.5 per cent premium over the issue price of Rs 147, signalling positive sentiment among investors ahead of the listing. With the price band of 147, JSW Cement IPO's estimated listing price is in the range Rs 155-164 (cap price + today's GMP).The expected percentage gain per share is expected in the range 11.5 per cent to 5.44 per cent. The substantial grey market premium (GMP) signals strong investor confidence in the company and suggests a promising stock market debut. However, it's crucial to remember that the GMP is unofficial and based on informal trading, so it doesn't guarantee the actual listing price. Nonetheless, the current premium is a clear indicator of high demand and excitement, particularly among retail investors.Related News | JSW Cement reduces IPO size to Rs 3600 crore; Public Offer to open on THIS date 4. JSW Cement IPO Details JSW Cement comprises of a fresh issue of Rs 1,600 crore and an offer for sale (OFS) worth Rs 2,000 crore. The OFS portion will see existing shareholders including Apollo Management, Synergy Metals Investments Holding Ltd, and the State Bank of India (SBI) offload their stakes in the company. Apollo Management, through its affiliate AP Asia Opportunistic Holdings Pte Ltd, will offload shares worth Rs 931.8 crore. Synergy Metals, a private equity firm backed by former ArcelorMittal executive Sudhir Maheshwari, will sell shares valued at Rs 938.5 crore. Meanwhile, SBI plans to divest shares amounting to Rs 129.7 crore. 5. JSW Cement IPO Reservation 50 per cent of the issue is reserved for qualified institutional buyers (QIBs) while 15 per cent for non-institutional investors (NIIs), and 35 per cent for retail individual investors.According to the red herring prospectus (RHP), JSW Cement plans to utilise Rs 800 crore from the IPO proceeds to partially fund a new integrated cement plant at Nagaur, Rajasthan. Another Rs 520 crore towards the prepayment or repayment, in full or in part, of outstanding borrowings availed by the company, thereby strengthening the firm’s balance sheet. The remaining proceeds are earmarked for general corporate purposes. Notably, the fresh issue size was revised downward from Rs 2,000 crore to Rs 1,600 crore, indicating a recalibrated capital requirement.6. JSW Cement IPO allotment dateThe finalisation of the shares JSW Cement is expected to be finalised on Tuesday, August 12. The refund and demat account credits are expected by Wednesday, August 13.7. JSW Cement IPO Key Dates The basis of allotment for the JSW Cement IPO is expected to be finalised on Tuesday, August 12. The refund and demat account credits are expected by Wednesday, August 13.8. JSW Cement IPO Listing Date The stock is likely to make debut on the leading stock exchanges - BSE and NSE on Thursday, August 14.9. JSW Cement IPO: Book running lead managers and registrarJM Financial is the book-running lead manager for JSW Cement IPO while KFin Technologies Limited is the registrar to the issue.10. JSW Cement financials, about the company JSW Cement reported a revenue of Rs 6,028 crore in FY24, up from Rs 5,837 crore in FY23. The company’s net profit declined to Rs 62 crore in FY24, against Rs 104 crore in the previous financial year. JSW Cement, part of the JSW Group, is known for producing eco-friendly cement and maintaining a strong focus on sustainability and innovation in the construction sector. The company has seven plants across India, including one integrated unit, one clinker unit, and five grinding units. Its facilities are located in Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, West Bengal, and Odisha. It also owns a majority stake in Shiva Cement’s clinker unit in Odisha. As of March 31, 2025, JSW Cement had a total installed grinding capacity of 20.60 million metric tonnes per annum (MMTPA), distributed across the southern (11.00 MMTPA), western (4.50 MMTPA), and eastern (5.10 MMTPA) regions.