JSW Cement IPO Day 1 Live: Check GMP, subscription status, review, issue details, more
JSW Cement IPO consists of a fresh issuance of shares worth ₹ 1,600 crore and ₹ 2,000 crore of shares being offered for sale by existing shareholders, and will be available for subscription from August 7 to August 11.
In the Offer for Sale (OFS) of JSW Cement IPO, private equity firm Apollo Management, through its affiliate AP Asia Opportunistic Holdings Pte Ltd, along with Synergy Metals Investments Holding Ltd and the State Bank of India (SBI), will divest their shares.
Synergy Metals Investments Holding is a branch of Synergy Metals and Mining Fund, a private equity fund launched in 2015 by Sudhir Maheshwari, a former executive at steel producer ArcelorMittal.
JSW Cement IPO plans to allocate ₹ 800 crore from the proceeds to help finance a new integrated cement facility in Nagaur, Rajasthan, with ₹ 520 crore designated for debt repayment, and the remaining amount for general corporate needs.
JSW Cement IPO process is being managed by a consortium including JM Financial Ltd, Axis Capital Ltd, Citigroup Global Markets India Pvt Ltd, DAM Capital Advisors Ltd, Goldman Sachs (India) Securities Pvt Ltd, Jefferies India Pvt Ltd, Kotak Mahindra Capital Company Ltd, and SBI Capital Markets Ltd.
(Stay tuned for more updates)
Follow updates here:
07 Aug 2025, 09:14 AM IST
The Mumbai-based firm had previously aimed to secure ₹ 4,000 crore. When they submitted their documentation, JSW Cement mentioned a plan to gather ₹ 2,000 crore through a new equity share issue and another ₹ 2,000 crore by way of an offer for sale from existing investors. However, the amount for the new capital-raising has been reduced by ₹ 400 crore from the initial share issue.
According to a PTI report, when asked why they decided to decrease the IPO size from ₹ 4,000 crore to ₹ 3,600 crore, Parth Jindal, the managing director of JSW Cement, explained that this decision was driven by current business needs and the desire to allow for future dilutions. He noted that the state of the cement industry was not particularly strong at the time of the IPO announcement, which had prompted the need for a larger amount of funds.
07 Aug 2025, 09:11 AM IST
On Wednesday, the company raised ₹ 1,080 crore from anchor investors, a day prior to the commencement of its initial public offering for public subscription. This anchor portion saw involvement from both domestic and international institutional investors, such as Nomura, the Government of Singapore, Abu Dhabi Investment Authority, Morgan Stanley Investment Fund, Goldman Sachs (Singapore) Pte, and Kuwait Investment Authority, based on a circular posted on BSE's website.
Additionally, among the investors are SBI Mutual Fund (MF), Nippon India MF, Tata MF, Aditya Birla Sun Life MF, Motilal Oswal MF, and SBI Life Insurance Company. According to the circular, JSW Cement has allocated 7,34,69,386 equity shares to 52 funds at a price of ₹ 147 each. This brings the total transaction amount to ₹ 1,080 crore.
07 Aug 2025, 09:03 AM IST
JSW Cement IPO GMP today is +6. This indicates JSW Cement IPO share price were trading at a premium of ₹ 6 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of JSW Cement IPO share price was indicated at ₹ 153 apiece, which is 4.08% higher than the IPO price of ₹ 147.
According to the grey market activities from the last six sessions, the present GMP ( ₹ 6) indicates a trend towards a decline. The minimum GMP recorded is ₹ 0.00, while the maximum GMP reached is ₹ 19, as noted by experts at investorgain.com.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
Shivraj Chouhan to transfer ₹3,200 cr crop insurance to 3 million farmers
Agriculture Minister Shivraj Singh Chouhan will on Monday digitally transfer a crop insurance claim amount of ₹ 3,200 crore under the Pradhan Mantri Fasal Bima Yojana (PMFBY) to 3 million farmer beneficiaries. The PMFBY claim amount will be transferred during an event organised for this purpose in Jhunjhunu, Rajasthan. Besides Chouhan, Rajasthan Chief Minister Bhajanlal Sharma, Union Minister of State for Agriculture Bhagirath Choudhary, and state agriculture minister Kirodi Lal Meena will attend the event. Of the total claim amount, ₹ 1,156 crore will be transferred to farmers in Madhya Pradesh, ₹ 1,121 crore to 700 thousand farmers in Rajasthan, ₹ 150 crore to Chhattisgarh-based farmers, and ₹ 773 crore to farmers in other states, according to an official statement. The Union agriculture minister stated that the Centre has implemented a new simplified claim settlement system in the interest of farmers, wherein claims can be paid proportionately based only on the central subsidy without waiting for the state's premium contribution. "From the Kharif 2025 season onwards, if a state government delays its subsidy contribution, it will be penalised at 12 per cent, and similarly, if insurance companies delay payments, farmers will receive a 12 per cent penalty," he said in the statement. The PMFBY, since its launch in 2016, has disbursed claims worth ₹ 1.83 trillion, while farmers have paid only ₹ 35,864 crore in premium. "This means an average claim payout of more than five times the premium, indicating the government's farmer-friendly policy," he added. In recent years, several technological innovations, such as YES-TECH, WINDS portal, AIDE mobile app, Krishi Rakshak Portal and Helpline number 14447, have been implemented. These have not only improved the claim settlement speed and transparency, but also enhanced weather data accuracy and provided farmers with registration facilities at the village level.
Time of India
2 hours ago
- Time of India
Aviation market: India is ‘interesting' and key to growth, says Malaysia Airlines; aims to be core service link without domestic JV
Malaysia Airlines Berhad sees India as an 'interesting' and high-potential market and wants to be accepted as one of the country's core service providers connecting it to the rest of the world, Group Managing Director of Malaysia Aviation Group Berhad, Izham bin Ismail has said. The Southeast Asian premium carrier, headquartered in Kuala Lumpur, operates 77 flights per week across 10 Indian destinations and counts India as its top revenue generator, ahead of Australia and the UK. It carried 1.3 million inbound and outbound passengers in the first half of 2025, contributing about 11 per cent to its revenue and 20 per cent of its passenger volumes. 'I see the urbanisation rate of India at 40 per cent, with middle-class income earners rising, comfortable disposable incomes, a GDP of 6.5 per cent, 1.4 billion people and nearly 100 airports. India is a really interesting market,' Ismail told PTI. 'We wish to capitalise on the rapid economic growth of India, but we are not an India-based airline. We wish that India accepts us as one of the core service providers that connects India to the rest of the world. ' He indicated that Malaysia Airlines intends to remain a foreign airline in the Indian market rather than forming a joint venture or becoming an Indian carrier. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Learn More - How Donating Sperm May Boost Your Income SpellRock Undo 'Why should I go to somebody's home and create havoc? I would rather visit from time to time and be friends than try to build a house in your compound. While some companies expand that way, we believe in deep partnerships,' he said. Stating that his airline is not evaluating any new destinations this year in India, he said there might be some in 2026, adding that "predominantly our target 2026-2027 onwards is seats capacity. " "We are watching the marketplaces like Jaipur and all that. The team is evaluating. So the strategy now is increasing frequency. A lot of airlines have products in food, cabin, in-flight entertainment and many others, but the other product that we must really not forget is frequency and connectivity," he said. Malaysia Airlines, which collaborates with codeshare partners including IndiGo, operates across 900 destinations in 170 territories worldwide. IndiGo remains its strongest partner in India, though the carrier also works with Air India. Ismail said Malaysia Airlines is strong in connecting India with Australia and New Zealand and offers a hub through Kuala Lumpur to China, which currently lacks direct air connectivity with India. The carrier plans to increase flights to 80 per week from December 1. Its focus for 2026–2027 will be on seat capacity growth rather than adding new Indian destinations this year, though markets like Jaipur are under evaluation. 'The strategy now is increasing frequency. A lot of airlines have products in food, cabin and in-flight entertainment, but we must not forget frequency and connectivity,' he said, quoted PTI. Ismail also stressed that Malaysia Airlines balances fleet expansion with customer experience investment. 'We have invested a lot in food, cabin services and ordering new planes. You don't splash money to buy aeroplanes — you invest where it matters most, which is our customer,' he said. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Time of India
2 hours ago
- Time of India
Robotics deeptech startup Neuralzome Cybernetic raises $2.4 million
Bengaluru-based deeptech startup Neuralzome Cybernetic has raised $2.4 million in pre-seed funding to accelerate the deployment of its autonomous robotics solutions across sectors such as precision agriculture, mining, manufacturing, and round was led by 8X Ventures, with participation from Turbostart, Avinya Ventures, Saka Ventures, Appreciate Capital, Astir Ventures, Indian Institute of Management-Ahmedabad's Centre for Innovation Incubation and Entrepreneurship (CIIE), Small Industries Development Bank of India (Sidbi), and Heston Castelino. The funds will be used to scale research and development in multi-agent autonomy and vision-based navigation, ramp up manufacturing, and expand operations in North America and Europe, the startup said in a statement.'We are developing technologies that break the critical barriers preventing the adoption of robots in real-world applications,' said Mohan Sivam, cofounder of Neuralzome. He added that the startup aims to democratise the use of robots in everyday startup, founded in 2023, is building teachable, no-code AI agents for real-world autonomy to enable quick robot deployment without requiring in-house robotics expertise. It wants to target the Robot-as-a-Service (RaaS) model for high-value, labour-intensive sectors like orchard management and commercial startup said its core platform, NeuralPilot, integrates with its RedPill simulation environment, which creates photorealistic digital twins to train robots in complex scenarios. This approach aims to drastically cut on-field training time and costs.
