11 AUG 2025
The JSW Cement IPO, which opened on 7 August 2025, will close today (11 August 2025). The company is looking to raise ₹3,600 crore, ₹1,600 crore from new shares and ₹2,000 crore from existing shareholders selling their shares. The price band is ₹139 to ₹147 per share, with a minimum investment of ₹14,178 (102 shares).
Subscription so far, by the end of Day 2, the IPO was subscribed 0.56 times in total. The retail portion was at 0.72 times, non-institutional investors (NIIs) at 0.62 times, and qualified institutional buyers (QIBs) at 0.24 times.
In the grey market, JSW Cement shares are trading at a premium of ₹9, down from ₹17 on Friday. This drop is being linked to weak stock market conditions in recent days.
Several brokerage firms, including Reliance Securities, Ventura Securities, and Canara Bank Securities, have given a ‘subscribe’ rating. They believe JSW Cement is well-placed for growth due to its capacity expansion, strong position in the low-carbon cement market, and expected return to profitability in FY26.
The likely allotment date is 12 August 2025, and the expected listing date on the BSE and NSE is 14 August 2025.
