JSW Cement IPO: A Comprehensive Overview
Last Updated: August 12, 2025, 14:49 IST
The initial public offering (IPO) of JSW Cement, a key player in the cement industry and part of the Sajjan Jindal-led JSW Group, has generated significant buzz in the market. With a remarkable subscription rate of 7.77 times, the IPO has attracted considerable interest from various investor segments. As the allotment is finalized today, let’s delve into the details surrounding this IPO, including subscription status, listing price predictions, and how to check your allotment status.
Subscription Status
The JSW Cement IPO opened for subscription over a three-day window, during which it received bids for an impressive 1,40.93 crore shares against a total offering of 18.12 crore shares. This translates to an overall subscription of 7.77 times, indicating strong demand.
Breakdown of Subscription Categories
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Qualified Institutional Buyers (QIBs): This category saw the highest interest, with a subscription rate of 15.80 times. QIBs submitted bids for 81.86 crore shares against the reserved 5.17 crore shares. Notably, foreign institutional investors (FIIs) led this demand, bidding for 48.47 crore shares, followed by mutual funds with 16.90 crore shares.
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Non-Institutional Investors (NIIs): The NII segment also performed well, subscribing 10.97 times. Investors in the sub-category bidding over Rs 10 lakh oversubscribed by 12.56 times, while the Rs 2–10 lakh segment saw a 7.80 times subscription.
- Retail Individual Investors (RIIs): Retail participation was robust, with a subscription rate of 1.81 times. This segment received bids totaling 16.43 crore shares against the reserved 9.06 crore shares.
Listing Price Prediction and Grey Market Premium (GMP)
As the listing date approaches, market observers are closely monitoring the listing price predictions for the JSW Cement IPO. Currently, unlisted shares of JSW Cement Ltd are trading at Rs 151, which is above the upper IPO price of Rs 147. This results in a grey market premium (GMP) of Rs 4.25, translating to a 2.89% increase over the issue price. However, this modest GMP suggests a potentially weak listing for the IPO, reflecting cautious market sentiment.
The GMP fluctuates based on market dynamics and investor sentiment, serving as an indicator of the demand for the shares post-listing.
How to Check Allotment Status
For those who participated in the IPO, checking the allotment status is a straightforward process. Here’s a step-by-step guide:
1. Via KFin Technologies (Registrar)
- Visit the KFin Technologies IPO Allotment Page.
- Select “JSW Cement Limited” from the dropdown menu.
- Choose one of the following options: PAN, Application Number, or DP/Client ID.
- Enter the selected details and complete the captcha.
- Click “Submit” to view your allotment status.
2. Via BSE Website
- Navigate to the BSE IPO Allotment Page.
- Select “Equity” as the issue type.
- Choose “JSW Cement Limited” from the dropdown.
- Enter your Application Number or PAN.
- Complete the captcha and click “Search” to check your status.
IPO Size and Structure
The JSW Cement IPO comprises a fresh issue of equity shares worth Rs 1,600 crore, alongside an Offer for Sale (OFS) component of up to Rs 2,000 crore by existing shareholders. The OFS includes significant share divestments from Apollo Management, Synergy Metals Investments, and the State Bank of India.
This IPO size is notably lower than the initially proposed Rs 4,000 crore, reflecting adjustments based on market conditions and investor appetite.
Pricing and Lot Size
The price band for the IPO has been set between Rs 139 and Rs 147 per share. Investors must apply for a minimum lot size of 102 shares, requiring a minimum capital of Rs 14,994 at the upper price band.
Conclusion
The JSW Cement IPO has undoubtedly captured the attention of investors, showcasing strong demand across various segments. As the allotment is finalized and the listing date approaches, market participants are keenly awaiting the performance of JSW Cement shares on the stock exchanges. Whether you are a seasoned investor or a newcomer, understanding the dynamics of this IPO can provide valuable insights into the evolving landscape of the cement industry.