JSW Cement IPO
IPO Price Range: Not Announced Yet
JSW Cement's product range includes Portland Slag Cement (PSC), Ground Granulated Blast Furnace Slag (GGBS), Clinker, and other allied cementitious products.
From 2014 to 2024, JSW Cement’s installed grinding capacity and sales volume grew at 14.14% and 19.06% annual rate, respectively, while the industry average was at 7.31% and 7.56%.
JSW Cement IPO size is ₹4,000 crore, which includes a fresh issue of ₹2,000 crore and an offer for sale (OFS) of ₹2,000 crore. JSW Cement DRHP (Draft Red Herring Prospectus) was filed on August 16, 2024. JSW Cement IPO received SEBI’s approval in January 2025.
IPO Status
Upcoming
Listing Exchange
NSE
JSW Cement Brands, Products & Services
| Product | Cement, Cementitious Products, Construction Chemicals |
| Known For | Cement Products |
| Top Products | Portland Slag Cement (PSC), Ground Granulated Blast Furnace Slag (GGBS), Clinker |
JSW Cement Key Financials
Objectives of JSW Cement IPO
Shareholding Pattern
| Promoters | 78% | |
| Name | Role | Stakeholding |
| Adarsh Advisory Services | Promoter | 39.56% |
| Siddeshwari Tradex | Promoter | 3.69% |
| Others | Promoter | 4.5% |
| Investors and Public | 22% | |
| Name | Role | Stakeholding |
| AP Asia Opportunistic Holdings | Investor | 9.1% |
| Synergy Metals Investments Holding | Investor | 9.1% |
| Others | 4% |
Listed Competitors of JSW Cement
UltraTech Cement
UltraTech Cement is India’s largest cement producer, operating an integrated business with manufacturing, logistics, and retail networks, offering a wide range of cement products.
Ambuja Cements
Ambuja Cements is a part of the Adani Group, it focuses on sustainable cement production using a strong supply chain. The company caters to institutional and retail segments.
Shree Cement
Shree Cement operates efficiently with low production costs, focusing on cement and power generation, with a presence in North and East India.
Unlisted Competitors of JSW Cement
Chettinad Cement Corporation
Chettinad Cement Corporation is a south India-based integrated cement producer, focusing on bulk and blended cement with strategic plant locations near raw material sources.
JK Lakshmi Cement
JK Lakshmi Cement is a mid-sized player offering cement and RMC, focused on North and West India markets, with a lean supply chain and retail distribution strategy.
Strengths and Risks of JSW Cement IPO
Strengths
JSW Cement is the largest growing cement manufacturing company in India in terms of rising installed grinding capacity and sales volume.
JSW Cement is the country’s single largest manufacturer of Ground Granulated Blast Furnace Slag (GGBS), with a market share of 82.70% in FY24.
JSW Cement has strategically located its plants, which are well-connected to raw material sources and major consumption markets via road and rail networks.
JSW Cement has a wide sales and distribution network of 5,043 dealers, 10,412 sub-dealers, and 6,268 direct customers as of March 2024.
Risks
JSW Cement relies on key raw material (limestone) used to manufacture cement via its four mines in India. Any inability to continue with these mines can impact the business.
JSW Cement is largely dependent on JSW Steel Limited and its associate companies to source blast furnace slag, a key element to manufacture ground granulated blast furnace slag and blended cement.
JSW Cement depends on uninterrupted power and fuel for its operations, using coal, petcoke, and electricity. Any disruption or hike in the costs of power and fuels can impact profitability.
JSW Cement promoter Sajjan Jindal and other promoter group entities received show cause notices from SEBI for regulatory violations. They’ve responded and filed for settlements or appeals, but any negative outcome may harm JSW Cement's business and reputation.
Frequently Asked Questions of JSW Cement IPO
What is 'pre-apply' for JSW Cement IPO?
'Pre-apply' for JSW Cement IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.
What would be the listing gains on the JSW Cement IPO?
The potential listing gains on the JSW Cement IPO will depend on various market factors and cannot be predicted with certainty.
When is JSW Cement IPO coming?
JSW Cement IPO date is yet to be announced. JSW Cement filed the DRHP in August 2024.
What is JSW Cement IPO price?
The JSW Cement IPO price has not been decided yet.
What are the open and close dates of the JSW Cement IPO?
The JSW Cement IPO date is yet to be declared.
What is the allotment date of JSW Cement IPO?
The JSW Cement IPO allotment date has not been announced yet.
Can we invest in JSW Cement IPO?
Yes, once the JSW Cement IPO opens, you can invest in the company’s shares.
What is the lot size of JSW Cement IPO?
Hero JSW Cement IPO lot size is yet to be decided.
What is the issue size of JSW Cement IPO?
The JSW Cement IPO issue size is ₹4,000 crore, which includes a fresh issue of ₹2,000 crore and an offer for sale (OFS) of ₹2,000 crore.