JSW Cement IPO: Declining GMP, price, lot, dates | Check all details here
On August 6, JSW Cement raised Rs 1,080 crore from anchor investorsi which included prominent mutual fund houses and sovereign funds based abroad. JSW Cement IPO is a bookbuilding issue designed to mop up Rs 3,600.00 crore from the market through a combination of fresh issue and offer for sale of shares. JSW Cement IPO GMP was seen declining for the past few days.
Kolkata: The JSW Cement IPO is opening for public bidding today. The opportunity to bid will be available till August 9, 2025. The issue intends to raise Rs 3,600.00 crore through a combination of fresh shares and OFS category. There are 10.88 crore fresh shares aggregating to Rs 1,600.00 crore and 13.61 crore OFS shares aggregating to Rs 2,000.00 crores.
On August 6, a day before the opening of the bidding process, JSW Cement garnered Rs 1,080 crore from anchor investors. The list included Government of Singapore, Abu Dhabi Investment Authority, Nomura, Morgan Stanley Investment Fund, Goldman Sachs (Singapore) Pte and Kuwait Investment Authority, SBI Mutual Fund, Nippon India MF, Tata MF, Aditya Birla Sun Life MF, Motilal Oswal MF and SBI Life Insurance Company.
JSW Cement IPO GMP price, lot size, dates
According to investorgain, the JSW Cement IPO GMP stood at Rs 6 on August 7 morning, the first day of bidding. At this level it signalled a listing gain of 4.08%. The GMP stood at Rs 11 on the morning of August 6, a day before the bidding process opens but declined to Rs 6 later in the day. The GMP was recorded at Rs 19 on August 4 which slipped to Rs 14 on August 5. However, it must be kept in mind that GMP is an unofficial indicator and can keep changing with time.The JSW Cement IPO price band has been set at Rs 139-147. The minimum investible lot for a retail investor has 102 shares which calls for a minimum application money of Rs 14,994. The smallest lot that an sNII category investor can bid for has 1,428 shares, while that for a bNII investor it has 6,834 shares.
The JSW Cement IPO allotment date has been fixed on August 12, while the listing is expected to take place on August 14. Shares will be credited to the demat account of successful bidders on August 13, while unsuccessful bidders will get their application money back on the same day.
JSW Cement financials
The assets of the company stood at 12,003.94 crore at the end of FY25. The figures at the end of FY24 and FY23 were Rs 11,318.91 crore and Rs 10,218.61 crore respectively. The total income in FY25, FY24 and FY23 stood at Rs 5,914.67 crore, Rs 6,114.60 crore and Rs 5,982.21 crore respectively, while the PAT for those years were Rs -163.77 crore, Rs 62.01 crore and Rs 104.04 crore. The EBITDA (operating profit) for the past three years were Rs 815.32 crore, Rs 1,035.66 crore and Rs 826.97 crore respectively.
The company has seven plants including one integrated unit, one clinker unit and five grinding units. These are based in Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, Odisha and West Bengal (Salboni plant). Though the company has been ramping up capacities, in an event in Mumbai recently, JSW Cement MD Parth Jindal candidly remarked that his company lacks the muscle to take on the big boys of the industry such as UltraTech Cement of the Aditya Birla Group and Ambuja Cement of the Adani Group. he also said that they will endeavour to do so only after JSW Cement achieves 7-8% market share.
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