JSW Cement’s IPO of Rs 3600 crore has been closed on August 11. Its allotment was also finalized on 12 August. Now waiting for its listing in the stock market, which is going to be on 14 August. The company’s shares will start trading on both BSE and NSE platforms. Will those investing in IPO get listing gains or will the beginning be cold? If you take hints from the gray market about this, then the enthusiasm may fade a little.
In the gray market, JSW Cement shares are trading at a premium of Rs 147 from Rs 147 from Rs 147 or 3.06%. The gray market is an unauthorized market where shares of a company trades it till its listing. It remains to be seen whether the company’s listing in the stock market remains according to the signs of the gray market on August 14 or completely reversed.
IPO closed with 8.22 times
The public issue of JSW Group’s entity JSW Cement opened on August 7 and closed 8.22 times and closed on 11 August. Reserve share for qualified institutional buyers, 16.71 times, reserve share for non -institutional investors 11.60 times and reserve share for retail investors was 1.91 times subscribed. 10.88 crore new shares worth Rs 1600 crore were issued in IPO. Also, 13.61 crore shares of Rs 2000 crore were offered for sale (ofS). Apollo Management at OFS sold shares through its colleague AP Asia Opportunistic Holdings Private Limited. Its voice was also sold by the Synergy Metals Holding Limited and State Bank of India (SBI).
How to use IPO money JSW Cement
The promoters of JSW Cement include Sajjan Jindal, Partha Jindal, Sangeeta Jindal, Adarsh Advisory Services Private Limited and Sajjan Jindal Family Trust. JSW Cement is using the money received by releasing new shares in its IPO for setting up a new integrated cement unit in Nagaur, Rajasthan, repaying debt and general corporate purposes. In October 2023, a company was listed after 13 years from JSW Group and that was JSW Infrastructure.
JSW Cement Financial Status
The revenue of JSW Cement declined by 3% to Rs 5914.67 crore in FY 2025. A year ago it was Rs 6114.60 crore. Last financial year, the company was in a loss of Rs 163.77 crore, while in the financial year 2024 it was in profit of Rs 62 crore. The company had a borrowing of Rs 6166.55 crore in FY 2025.
How to check allotment on BSE
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