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Mint
4 days ago
- Business
- Mint
JSW Cement shares list with modest gains, debuts at ₹153.50 on NSE, up 4.4% from IPO price
JSW Cement IPO listing: JSW Cement shares made a modest debut on the bourses on Thursday, August 14, listing at ₹ 153.50 on NSE, a premium of 4.42 percent to its IPO price of ₹ 147. Meanwhile, on BSE, it listed at ₹ 153, up 4.08 percent from the issue price. The ₹ 3,600 crore IPO witnessed robust investor interest during its subscription window from August 7 to August 11, garnering an overall subscription of 8.22 times. The strong demand was reflected in total bids for 140.88 crore shares, significantly exceeding the 17.14 crore shares on offer. Among the investor categories, the Qualified Institutional Buyer (QIB) segment saw the most aggressive participation with a subscription of 16.71 times. Non-institutional investors (NIIs) subscribed their quota 11.60 times, while the retail portion was subscribed 1.91 times. JSW Cement's initial public offering (IPO) comprised a fresh issue of 10.88 crore equity shares worth ₹ 1,600 crore and an offer for sale (OFS) of 13.61 crore shares aggregating to ₹ 2,000 crore. The total issue size stood at ₹ 3,600 crore. For retail individual investors, the lot size was fixed at 102 shares, requiring a minimum investment of ₹ 14,178. The company outlined three primary objectives for the utilisation of the IPO proceeds. A sum of ₹ 800 crore would be allocated towards partially financing the establishment of a new integrated cement unit in Nagaur, Rajasthan. Another ₹ 520 crore would be directed towards prepayment or repayment, either in full or in part, of certain outstanding borrowings. The remaining ₹ 226.80 crore would be utilised for general corporate purposes, aimed at strengthening operational and strategic initiatives. Ahead of the public issue, JSW Cement mobilised ₹ 1,080 crore from anchor investors, with the anchor bidding date fixed for August 6, 2025. JM Financial Ltd acted as the book-running lead manager, while Kfin Technologies Ltd was appointed as the registrar of the issue. JSW Cement Limited, established in 2006, is a prominent manufacturer of eco-friendly cement in India and operates as part of the diversified JSW Group. Its operations span across the country through a network of seven manufacturing facilities, comprising one integrated plant, one clinker unit, and five grinding units. These plants are strategically located to ensure efficient supply chain management and regional coverage. The facilities include the Nandyal plant in Andhra Pradesh, the Vijayanagar plant in Karnataka, the Salem plant in Tamil Nadu, the Dolvi plant in Maharashtra, the Salboni plant in West Bengal, and the Jajpur plant in Odisha. Additionally, the company holds a majority stake in Shiva Cement Limited, which operates a clinker manufacturing unit. As of March 31, 2025, JSW Cement had a total installed grinding capacity of 20.60 million tonnes per annum (MMTPA). This capacity is strategically distributed across key markets, with 11.00 MMTPA serving the southern region, 4.50 MMTPA in the western region, and 5.10 MMTPA in the eastern region.
Mint
4 days ago
- Business
- Mint
JSW Cement shares list with modest gains, debuts at ₹153.50 on NSE, up 4.4% from IPO price
JSW Cement IPO listing: JSW Cement shares made a modest debut on the bourses on Thursday, August 14, listing at ₹ 153.50 on NSE, a premium of 4.42 percent to its IPO price of ₹ 147. Meanwhile, on BSE, it listed at ₹ 153, up 4.08 percent from the issue price. The ₹ 3,600 crore IPO witnessed robust investor interest during its subscription window from August 7 to August 11, garnering an overall subscription of 8.22 times. The strong demand was reflected in total bids for 140.88 crore shares, significantly exceeding the 17.14 crore shares on offer. Among the investor categories, the Qualified Institutional Buyer (QIB) segment saw the most aggressive participation with a subscription of 16.71 times. Non-institutional investors (NIIs) subscribed their quota 11.60 times, while the retail portion was subscribed 1.91 times. JSW Cement's initial public offering (IPO) comprised a fresh issue of 10.88 crore equity shares worth ₹ 1,600 crore and an offer for sale (OFS) of 13.61 crore shares aggregating to ₹ 2,000 crore. The total issue size stood at ₹ 3,600 crore. For retail individual investors, the lot size was fixed at 102 shares, requiring a minimum investment of ₹ 14,178. The company outlined three primary objectives for the utilisation of the IPO proceeds. A sum of ₹ 800 crore would be allocated towards partially financing the establishment of a new integrated cement unit in Nagaur, Rajasthan. Another ₹ 520 crore would be directed towards prepayment or repayment, either in full or in part, of certain outstanding borrowings. The remaining ₹ 226.80 crore would be utilised for general corporate purposes, aimed at strengthening operational and strategic initiatives. Ahead of the public issue, JSW Cement mobilised ₹ 1,080 crore from anchor investors, with the anchor bidding date fixed for August 6, 2025. JM Financial Ltd acted as the book-running lead manager, while Kfin Technologies Ltd was appointed as the registrar of the issue. JSW Cement Limited, established in 2006, is a prominent manufacturer of eco-friendly cement in India and operates as part of the diversified JSW Group. Its operations span across the country through a network of seven manufacturing facilities, comprising one integrated plant, one clinker unit, and five grinding units. These plants are strategically located to ensure efficient supply chain management and regional coverage. The facilities include the Nandyal plant in Andhra Pradesh, the Vijayanagar plant in Karnataka, the Salem plant in Tamil Nadu, the Dolvi plant in Maharashtra, the Salboni plant in West Bengal, and the Jajpur plant in Odisha. Additionally, the company holds a majority stake in Shiva Cement Limited, which operates a clinker manufacturing unit. As of March 31, 2025, JSW Cement had a total installed grinding capacity of 20.60 million tonnes per annum (MMTPA). This capacity is strategically distributed across key markets, with 11.00 MMTPA serving the southern region, 4.50 MMTPA in the western region, and 5.10 MMTPA in the eastern region. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
5 days ago
- Business
- Business Standard
NMDC Steel Ltd leads gainers in 'A' group
Honasa Consumer Ltd, Aurionpro Solutions Ltd, JM Financial Ltd and Jain Irrigation Systems Ltd are among the other gainers in the BSE's 'A' group today, 13 August 2025. Honasa Consumer Ltd, Aurionpro Solutions Ltd, JM Financial Ltd and Jain Irrigation Systems Ltd are among the other gainers in the BSE's 'A' group today, 13 August 2025. NMDC Steel Ltd surged 17.40% to Rs 42.17 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 77.13 lakh shares were traded on the counter so far as against the average daily volumes of 2.03 lakh shares in the past one month. Honasa Consumer Ltd soared 10.09% to Rs 295.15. The stock was the second biggest gainer in 'A' group. On the BSE, 7.41 lakh shares were traded on the counter so far as against the average daily volumes of 16088 shares in the past one month. Aurionpro Solutions Ltd spiked 9.06% to Rs 1500.95. The stock was the third biggest gainer in 'A' group. On the BSE, 18234 shares were traded on the counter so far as against the average daily volumes of 18624 shares in the past one month. JM Financial Ltd gained 8.51% to Rs 176.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 21.47 lakh shares were traded on the counter so far as against the average daily volumes of 3.17 lakh shares in the past one month. Jain Irrigation Systems Ltd spurt 8.19% to Rs 50.21. The stock was the fifth biggest gainer in 'A' group. On the BSE, 11.88 lakh shares were traded on the counter so far as against the average daily volumes of 2.02 lakh shares in the past one month.
Economic Times
7 days ago
- Business
- Economic Times
JM Financial Q1 profit jumps 166 pc to Rs 454 crore
JM Financial on Monday reported a 166 per cent rise in consolidated net profit to Rs 454 crore for the June quarter of FY26. ADVERTISEMENT The financial services company had earned Rs 171 crore in the same quarter a year ago. Total income rose to Rs 1,121 crore during the June quarter 2025-26, from Rs 1,093 crore a year ago, JM Financial said in a regulatory filing. Total expenses declined to Rs 529 crore compared to Rs 849 crore in the April-June quarter of FY25. Net worth during the quarter has crossed Rs 10,000 crore. The transaction pipeline remains robust across businesses, reflecting the company's deep market engagement, Vishal Kampani, Vice Chairman and Managing Director of JM Financial Ltd, said. "In real estate loans and distressed credit, our focused recovery strategies have delivered strong results, and we remain committed to driving similar outcomes, going forward," he said.
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Business Standard
10-07-2025
- Business
- Business Standard
JM Financial sees Indian IPOs adding $3 trillion market value over decade
The boom in initial public offerings in India could add $2 trillion to $3 trillion in market value over the next decade, according to Vishal Kampani, vice chairman and managing director of JM Financial Ltd. 'India is poised to become the most interesting and exciting market in the world,' Kampani said in a interview in Mumbai, referring to the IPOs that may take place in the world's most populous nation over the coming years. IPOs have raised more than $6 billion this year, according to data compiled by Bloomberg. HDB Financial Services Ltd., the shadow bank owned by India's biggest private lender HDFC Bank Ltd., has just raised $1.5 billion in an IPO, marking the largest first-time share sale this year, and one in which JM Financial was one of the lead banks. ICICI Prudential Asset Management Co. on Tuesday filed for an IPO to raise up to $1.2 billion. Investors are betting on India's growth potential, building on the momentum from last year's record levels of deal activity. Nearly $21 billion was raised in IPOs in 2024, including the country's biggest-ever listing by Hyundai Motor Co.'s local unit, and two others that exceeded $1 billion, the data showed. Even if some valuations may seem expensive in the short term, Kampani said, investors can still make substantial returns over the long run. 'One needs to have conviction in the India growth story,' he said. India's stock market benchmark Nifty 50 Index has gained about 8 per cent this year, recovering from a March low. Surprisingly, Kampani added, the pricing power in share sales has shifted to local investors, while a decade ago it was more in the hands of the foreign ones. 'The emergence of a strong domestic capital has been really unexpected,' the JM Financial investment banker said. Bigger tickets There's plenty more deals to come across sectors including renewable energy, consumer and retail, pharmaceuticals, manufacturing and financial services, Kampani said. 'We have the strongest ever pipeline of deals,' he said, adding that transactions are also getting bigger in size, with an increasing number of those crossing the $1 billion mark. Some upcoming IPOs include Tata Capital Ltd., the non-banking finance arm of Tata Group, which is planning to raise around $2 billion, in what could be the biggest listing this year. Walmart Inc.'s Phonepe, India's largest provider of digital payments, is preparing to file preliminary documents for an IPO that may raise as much as $1.5 billion, Bloomberg News had reported. And LG Electronics Inc. is considering reviving an IPO of its Indian unit as soon as September, people familiar with the matter have said. Rising M&A M&A activity is also on the rise with both companies and private equity firms actively doing deals, even though it is challenging to work on acquisitions when valuation multiples are high, the investment banker said. The volume of M&A deals involving Indian firms has reached $31 billion, a 18 per cent increase from the same period last year, according to data compiled by Bloomberg. 'Dealmaking in India is likely to maintain a robust pace as the economy continues to grow,' Kampani said.
