The JSW Cement IPO, which opened for subscription on August 7, 2025 and closed on August 11, 2025, witnessed robust demand from investors across categories, with the issue being subscribed 7.77 times in total.
The ₹3,600 crore IPO consisted of a fresh issue of ₹1,600 crore and an Offer for Sale (OFS) of ₹2,000 crore. Proceeds from the fresh issue will be used for setting up a new cement plant in Rajasthan, debt repayment, and other general corporate purposes.
Subscription Status
- Overall: 7.77 times
- Qualified Institutional Buyers (QIBs): 15.80 times
- Non-Institutional Investors (NIIs): 10.97 times
- Retail Individual Investors (RIIs): 1.81 times
Key IPO Dates
- IPO Open Date: August 7, 2025
- IPO Close Date: August 11, 2025
- Allotment Finalization: August 12, 2025
- Initiation of Refunds: August 13, 2025
- Credit of Shares to Demat Accounts: August 13, 2025
- Listing Date: August 14, 2025
Price & Structure
- Price Band: ₹139 to ₹147 per share
- Lot Size: 102 shares
- Minimum Investment for Retail Investors: ₹14,178
- Fresh Issue: ₹1,600 crore
Grey Market Premium (GMP)
The Grey Market Premium for JSW Cement IPO remained positive throughout the subscription period. On the closing day, the GMP stood at around ₹5 to ₹9, translating to an estimated listing price of ₹152 to ₹156 per share — a potential 3% to 6% gain over the upper price band of ₹147.
📌 Note: GMP is an unofficial indicator and should not be solely relied upon for investment decisions.
JSW Cement’s strong subscription numbers, especially from QIBs and NIIs, indicate solid institutional interest ahead of its expected listing on August 14, 2025. Investors will now be watching the allotment process and market debut closely for potential listing gains.
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