News

JSW Cement IPO: JSW Cement is set to launch its initial public offering (IPO) today, Thursday, August 7, 2025, with the issue closing on August 11, 2025. The company has fixed the price band between Rs 139 and Rs 147 per equity share with a face value of Rs 10.

The IPO will comprise a total issue size of Rs 3,600 crore, which includes a fresh issue of Rs 1,600 crore and an offer for sale of Rs 2,000 crore. The total number of equity shares offered ranges between 25.89 crore and 24.49 crore shares, depending on the final price discovered during the book-building process.

JSW Cement plans to utilise the net proceeds from the fresh issue as follows:

Prior to the IPO launch, the cement manufacturing firm secured Rs 1,080 crore from anchor investors on Wednesday, August 6.

As part of its long-term growth, JSW Cement has outlined capacity expansion plans across several regions in India. The company aims to increase its production capabilities in both clinker and grinding capacities, it said.

The proposed expansions include greenfield and brownfield projects across seven locations, with a total planned capacity addition of 6.6 million tonnes of clinker and 21.3 million tonnes of grinding capacity. Once these projects are completed, JSW Cement’s total capacity is expected to rise from 6.4 MTPA to 13 MTPA for clinker and from 20.6 MTPA to 41.9 MTPA for grinding, as of March 2025.

Here is the list of these seven states as the expansion proposed by the cement firm:

The Indian cement industry's capacity utilisation rates increased in past years. Across nation, utilisation rates improved from 62 per cent in FY21 to 72 per cent in FY25, and are expected to climb further to 75 per cent – 77 per cent by FY30, according to SBI Securities' analysts.

Here is how cement utilisation has fared since FY20 and what should be expected in the future term:

The domestic cement industry is witnessing growth driven by infrastructure development, urbanisation, and government-led housing initiatives.

Here is how the cement industry fared in the past years:

According to SBI Securities, the momentum is likely to continue, with projections indicating demand will rise further to 670–680 MT by FY30, implying a CAGR of 7.5 per cent–7.8per cent from FY25 to FY30.

Region-wise, the sector is showing strong regional variations in demand growth, according to the brokerage. While Pan-India demand is expected to grow at a steady pace of 7.5 per cent to 8.5 per cent CAGR from FY26 to FY30, individual regions are projected to perform differently based on infrastructure activities and industrial development.

Here is a region-wise summary of cement demand growth:

Here are other details of the IPO:

The IPO book-running lead managers of the IPO are JM Financial, Axis Capital, Citigroup Global Markets India, DAM Capital Advisors, Goldman Sachs India, Jefferies India, Kotak Mahindra Capital, and SBI Capital Markets, while KFin Technologies is serving as the registrar to the issue.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

Sub-editor at Zee Business English

ankur.gupta@india.com

Gupta is a journalist with a multifaceted reporting background. At Zee Business Digital, he covers a wide range of topics, includ ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.