JSW Cement IPO 2025: Key Dates, GMP, Company Details & What Investors Should Know

The much-awaited JSW Cement Limited IPO is set to open on August 7, 2025, and investor interest is steadily building. Backed by the trusted JSW Group, the company is drawing attention for its strong brand value, growing market share, and strategic presence in India’s infrastructure growth story.

Early signs from the grey market premium (GMP) indicate solid demand, with both retail and institutional investors closely tracking this offer. In this article, we’ll walk you through all the key details—IPO dates, GMP trends, financial performance, company background, and whether this IPO deserves a spot on your investment radar.

IPO Timeline & Key Dates

• Anchor Investor Bidding: August 6, 2025
• IPO Opening Date: August 7, 2025
• IPO Closing Date: August 11, 2025
• Allotment Finalization: August 12, 2025
• Refunds Initiation: August 13, 2025
• Shares Credited to Demat: August 13, 2025
• Listing Date: August 14, 2025
• Listing Exchanges: BSE and NSE

IPO Structure & Financials

• Total Issue Size: ₹3,600 crore (revised down from ₹4,000 crore)
  • Fresh Issue: ₹1,600 crore
  • Offer for Sale (OFS): ₹2,000 crore
• Face Value: ₹10 per equity share
• Expected Price Band: ₹325 – ₹327 per share (awaiting official confirmation)
• Reservation Quota:
  • QIBs (Institutional): 50%
  • Retail Investors: 35%
  • Non-Institutional Investors: 15%

Grey Market Premium (GMP) & Market Buzz

• Current GMP: Between ₹27 to ₹50-₹70 per share as of early August 2025
• Market Sentiment: Strong, with GMP suggesting listing gains are likely

Company Background & Strengths

• Promoter Group: JSW Group (led by Sajjan Jindal)
• Business: One of India’s fastest-growing cement manufacturers
• Production Capacity: 20.60 million tonnes per annum (as of March 2024)
• Geographic Reach: Operational plants in Karnataka, AP, Maharashtra, Odisha, West Bengal, and more
• Eco-Leadership: Largest producer of GGBS in India; focus on green manufacturing

Financial Performance

• FY24 Revenue: ₹6,028.1 crore
• FY25 Revenue: ₹5,813.1 crore
• FY24 Net Profit: ₹62 crore
• FY25 Net Loss: ₹163.77 crore
• Total Borrowings (as of March 31, 2025): ₹6,166.6 crore
• GGBS Market Share: 84% in FY25

Objectives of the Issue

• Fund Nagaur Plant in Rajasthan: ₹800 crore
• Prepayment/Repayment of borrowings: ₹520-₹720 crore
• General corporate purposes

Offer for Sale (OFS) Participants

• AP Asia Opportunistic Holdings: ₹931-₹937 crore worth shares
• Synergy Metals Investments Holding: ~₹938 crore
• State Bank of India: ~₹129 crore

Lead Managers & Registrar

• Book Running Lead Managers:
  • JM Financial
  • Axis Capital
  • Citigroup
  • DAM Capital
  • Goldman Sachs
  • Jefferies
  • Kotak Mahindra Capital
  • SBI Capital Markets
• Registrar: Kfin Technologies Ltd

Industry Outlook & Investor Interest

This is the first major cement IPO since Nuvoco Vistas in 2021. Backed by a strong parent group and high demand from the infrastructure and housing sectors, JSW Cement’s IPO is considered well-timed. With high GMP and expert endorsements, investor sentiment is notably positive.

FAQs About JSW Cement IPO

Final Word – Should You Apply?

The JSW Cement IPO presents an attractive opportunity for investors wanting exposure to India’s booming infrastructure and housing sectors. Although recent financials show a few mixed trends, the company’s strong JSW Group backing, focus on sustainable (green) cement, and growing market presence make it a noteworthy IPO this season.

If you’re a long-term investor looking for stability and growth in a core sector, this IPO is definitely worth keeping on your radar.

Stay tuned for final price confirmation and official subscription numbers as the IPO nears its close.

Sources

1. IPO Watch
2. IPO Central
3. Chittorgarh
4. Moneycontrol