JSW Cement IPO Price Band Announced: Key Things To Know About Green Cement Maker’s Public Issue

The price band for JSW Cement’s initial public offering (IPO) was finalised on August 4. The price band for JSW Cement IPO has been set at Rs 139-147 per share. The public issue of JSW Cement is slated to open for subscription on August 7.

JSW Cement is a part of the JSW group conglomerate and is a maker of green cement. Here’s a look at some key details investors should know about the JSW Cement’s IPO before it opens for bidding.

JSW Cement IPO: Offer Size, Key Dates, and Minimum Investment

JSW Cement IPO is worth Rs 3,600 crore. The JSW group company’s public issue consists of a fresh issuance of 108.80 million shares amounting to Rs 1,600 crore and an offer for sale of 136.10 million shares amounting to Rs 2,000 crore.

JSW Cement IPO is the fourth biggest public issue in terms of offer size. The other major public issues to hit the primary market in 2025 include HDB Financial Services IPO, Hexaware Technologies IPO and NSDL IPO. The public issue will open for bidding on August 7 and close on August 11. The share allotment status of JSW Cement IPO will be finalised on August 12. The listing date for JSW Cement IPO is August 14.

Retail investors can apply for the cement manufacturer’s public issue by placing bids for a minimum of one lot consisting of 102 shares. The minimum investment required to invest in the issue is Rs 14,994 for retail individual investors.

On the other hand, small non-institutional investors (SNIIs) can bid for a minimum of 14 lots or 1,428 shares, which aggregates to an investment of Rs 2,09,916. Big non-institutional investors can bid for a minimum of 67 lots or 6,834 shares, aggregating to an investment of Rs 10,04,598.

JSW Cement IPO: Reservation

As much as 50 per cent of the net offer size of JSW Cement IPO has been reserved for qualified institutional buyers (QIBs). Up to 35 per cent of the offer size has been set aside for retail investors. The quota reserved for NII investors applying for the JSW Cement IPO is 15 per cent.

JSW Cement: Key Financials

JSW Cement’ total income decreased by more than 3 per cent to Rs 5,914.67 crore in FY 2024-25 against Rs 6,114.60 crore in FY 2023-24. The cement maker posted a net loss of Rs 163.77 crore in FY25 against a net profit of Rs 62.01 crore in the preceding fiscal. The net worth of JSW Cement in the fiscal under review fell by more than 4 per cent to Rs 2,352.55 crore as compared to Rs 2,464.68 crore in the preceding fiscal.

JSW Cement Key Competitors

JSW Cement mentioned in its Red Herring Prospectus (RHP) that its listed competitors include other cement manufacturing companies, such as UltraTech Cement, Ambuja Cements, Shree Cement, Dalmia Bharat, JK Cement, The Ramco Cements, and India Cements.

JSW Cement: Business Model

JSW Cement mentioned in its RHP that it is a cement manufacturing company which focuses on manufacturing green cement products, such as blended cement which has Portland slag cement (PSC) and Portland composite cement (PCC) and ground granulated blast furnace slag (GGBS). JSW Cement also said that it retails its products through a distribution network comprising 4,653 dealers, 8,844 sub-dealers and 158 warehouses.

JSW Cement IPO: Key Strengths and Risks

Here’s a look at some of the key strengths of JSW Cement according to the company’s RHP:

• JSW Cement mentioned in its RHP that it is among the top 10 cement companies in terms of installed capacity and sales volume as of March 31 2025

• The company added that it is India’s largest maker of ground granulated blast furnace slag (GGBS) and has a track record of scaling up this vertical.

• JSW Cement disclosed in its RHP that it has strategically located plants which are well-connected to raw material sources and key markets.

• JSW Cement also claims its corporate lineage from the JSW conglomerate, and its qualified management team are among the company’s strengths.

Here’s a look at some of the key risks associated with JSW Cement according to the company’s RHP

• JSW Cement mentioned in its RHP that its business depends on its ability to mine and procure limestone for its operations.

• JSW Cement mentioned in its RHP that it is significantly dependent on other JSW group companies such as JSW Steel Ltd and its subsidiaries for the supply of blast furnace slag.

• The cement maker also mentioned in its RHP that it relies on an adequate and uninterrupted supply of power and fuel for its operations, failure to do so may have an adverse impact on its operations.

• JSW Cement also said in its RHP that if it fails to maintain or enhance the utilisation of its plants, its financial performance can be adversely affected.