JSW Cement IPO Listing: The shares of JSW Cement, JSW Group’s cement company, got a green entry in the domestic market today. Its IPO received more than 8 times the overall. Shares have been issued at a price of ₹ 147 under the IPO. Today, it has entered ₹ 153.00 on BSE at ₹ 153.00 and ₹ 153.50 on NSE i.e. IPO investors got more than 4% listing gains. However, the joy of IPO investors faded shortly when the stocks broke. It broke from an altitude of ₹ 154.70 to ₹ 145.05 (JSW Cement Share Price) at BSE. At the end of the day, it has closed at ₹ 146.05 on BSE i.e. IPO investors are at 0.65% loss.
How will JSW Cement IPO spend
JSW Cement’s ₹ 3,600.00 crore IPO was opened from August 7-11 for subscription. This IPO received good response from investors and overall it was 8.22 times subscribed. It had a share reserved for qualified Institutional buyers (QIB) 16.71 times, non-institutional investors (NII) share 11.60 times and a share of retail investors was 1.91 times. Under this IPO, 10,88,43,537 new shares worth ₹ 1,600.00 crore have been issued. Apart from this, 13,60,54,421 shares with a face value of Rs 10 have also been sold under the offer for cell window.
The offer has gone to shareholders selling money from shares sold under the offer for cell window. Under the Offer for Sale, AP Asia Opechalistic Holdings, Synergy Metals Investments Holding and SBI have sold shares. At the same time, ₹ 800.00 crore will be spent on setting up a new integrated cement unit in Nagaur, Rajasthan, paying ₹ 520.00 crore loan and rest of the money on common corporate objectives in Nagaur, Rajasthan and the rest of the money will be spent on common corporate objectives.
About JSW Cement
JSW Cement of JSW Group formed in 2006 makes gray cement. It has seven plants across the country, one of which is an integrated unit, one clinker unit and five grinding unit. They are in Andhra Pradesh, Karnataka, Tamil Nadu, West Bengal, Maharashtra, West Bengal, Odisha. Its annual grinding capacity is 2.06 million tonnes, of which 1.1 million tonnes are located in South India. According to data up to March 2025, its distribution network has 4,653 dealers, 8,844 sub-dealers and 158 warehouses.
JSW Cement is the largest company in the country to make the country’s biggest company according to the boom in sales volume and installed grinding capacity. It is the largest company in the country to make ground granulated blast furnace slag (GGBS). This is the least corbon dioxide of cement making companies.
Talking about the financial health of JSW Cement, it made a net profit of ₹ 104.04 crore in FY 2023, which fell to ₹ 62.01 crore in the next financial year 2024. The situation worsened in the next financial year 2025 and it fell into a net loss of ₹ 163.77 crore. During this time, there was also ups and downs in the total income of the company. It received a total income of ₹ 5,982.21 crore in FY 2023, ₹ 6,114.60 crore in FY 2024 and ₹ 5,914.67 crore in FY 2025. Talking about the loan on the company during this period, ₹ 5,421.54 crore in the last of FY 2023 and ₹ 5,835.76 crore in the last of FY 2024 increased to ₹ 6,1666.55 crore in the last of FY 2025.
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.