Latest news with #JSWCementIPO
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Business Standard
18 hours ago
- Business
- Business Standard
JSW Cement IPO sees tepid demand; subscription lags at 37%; GMP up 9%
JSW Cement IPO Subscription status: Despite getting broadly favourable reviews from market analysts, the initial public offering (IPO) of GSW Group's cement maker company, JSW Cement, has received a lacklustre response from investors so far. According to NSE data, the JSW Cement IPO, which opened for subscription on August 7, has garnered bids for 6,75,26,244 shares against 18,12,94,964 equity shares on offer till 11:08 AM on August 8. This translates to a subscription rate of 37 per cent. The response from the investor categories has been sluggish. Among them, retail investors have booked 50 per cent of their reserved category, non-institutional investors (NIIs) have booked 28 per cent, and qualified institutional buyers (QIBs) have booked 23 per cent of their quota. JSW Cement IPO review Market analysts remain broadly optimistic about JSW Cement and have shared favorable reviews of its public offering. Analysts at Canara Bank Securities and AUM Capital have recommended subscribing to the public issue, while those at Anand Rathi Research have assigned a 'Subscribe for long-term' rating on the JSW Cement IPO. READ MORE JSW Cement IPO details The JSW Cement IPO consists of a fresh issue of 108.8 million shares worth nearly ₹1,600 crore, along with an offer for sale (OFS) in which State Bank of India (SBI), AP Asia Opportunistic Holdings, and Synergy Metals Investments Holding will divest up to 136.1 million equity shares worth ₹2,000 crore. The public issue is being offered at ₹130–147 per share, with a lot size of 102 shares. A retail investor would require a minimum of ₹14,994 to bid for one lot of the JSW Cement IPO, and a maximum of 13 lots or 1,326 shares with an investment amount of ₹1,94,922. The JSW Cement IPO will remain available for subscription till Monday, August 11. Once the subscription window closes, the basis of allotment for JSW Cement IPO shares is likely to be finalised on Tuesday, August 12. The successful allottees will receive the company's shares in their demat accounts tentatively by Wednesday, August 13. JSW Cement shares are slated to list on the BSE and NSE tentatively on Thursday, August 14. JSW Cement IPO grey market premium (GMP) today The unlisted shares of JSW Cement were commanding a decent premium in the grey market on the second day of their subscription. Sources tracking unofficial market activities revealed that JSW Cement shares were trading at around ₹160 per share, reflecting a grey market premium (GMP) of ₹13 or 8.84 per cent over the upper end of the issue price. About JSW Cement A part of the JSW Group, JSW Cement is the fastest-growing cement manufacturer in India in terms of increase in installed grinding capacity and sales volume from FY 2015 to FY 2025. The company focuses on a circular economy model, utilizing industrial byproducts to produce eco-friendly cement. This approach minimizes the use of natural resources and reduces carbon emissions. The company's product portfolio consists of blended cement (including PSC, PCC, and PPC), ground granulated blast furnace slag (GGBS), ordinary portland cement (OPC), clinker, and a range of allied cementitious products such as ready-mix concrete (RMC), screened slag, construction chemicals, and waterproofing compounds.
Mint
3 days ago
- Business
- Mint
JSW Cement IPO opens on 7 August: GMP, issue details, 10 key things to know
JSW Cement IPO opens for subscription on 7 August: From GMP to issue details, here are 10 key things for investors to know JSW Cement IPO: Market Cap and Size JSW Cement's ₹ 3,600 crore initial public offering is a book-building issue. A new issue of 10.88 crore shares worth ₹ 1,600 crore and an offer for sale of 13.61 crore shares worth ₹ 2,000 crore make up the issue. About ₹ 20,041.46 crore is the market capitalization of the JSW Cement IPO. The JSW Cement IPO subscription period runs from August 7, 2025, to August 11, 2025. The JSW Cement IPO allocation is expected to be finalized on Tuesday, August 12, 2025. For the JSW Cement IPO, the pricing range, or price band, is between ₹ 139 and ₹ 147 per share. The lot size of an application is 102. The minimum investment required of retail individual investors is ₹ 14,178 (102 shares). Regarding the NII segment, big NIIs must apply for at least 67 lots (6,834 shares), and small NIIs must apply for 14 lots (1,428 shares), totaling ₹ 2,09,916, and ₹ 10,04,598, respectively. The JSW Cement initial public offering (IPO) is scheduled to go public on the BSE and NSE on Thursday, August 14, 2025. The company's promoters are Sajjan Jindal, Parth Jindal, Sangita Jindal, Adarsh Advisory Services Private Limited, and Sajjan Jindal Family Trust. Established in 2006, JSW Cement Limited is an Indian cement manufacturer. As a part of the JSW Group, the company is committed to sustainability and innovation in the cement industry. KFin Technologies Limited is the issue's registrar, while JM Financial is the book-running lead manager for the JSW Cement IPO. The company proposes to utilize the fresh funds raised for: Part-financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company General corporate purposes JSW Cement IPO GMP today is +9. This indicates JSW Cement's share price was trading at a premium of ₹ 9 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Highway Infrastructure share price was indicated at ₹ 156 apiece, which is 6.12% higher than the IPO price of ₹ 147. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
4 days ago
- Business
- Mint
JSW Cement IPO : From key dates to key risks, here are 10 key things to know from the RHP
JSW Cement IPO : From key dates to key risks, here are 10 key thing from the RHP that investors want to know before investing. The ₹ 3,600.00 crore JSW Cement IPO is a book-building issue. The issue consists of an offer to sell 13.61 crore shares worth ₹ 2,000.00 crores and a new issue of 10.88 crore shares for ₹ 1,600.00 crores. The market capitalization of JSW Cement IPO is around ₹ 20,041.46 Crore The subscription period for the JSW Cement IPO begins on August 7, 2025, and ends on August 11, 2025. On Tuesday, August 12, 2025, the allocation for the JSW Cement IPO is anticipated to be finalized. The price range, or price band, for JSW Cement's IPO is ₹ 139 to ₹ 147 per share. An application's lot size is 102. Retail individual investors must make a minimum investment of ₹ 14,178 (102 shares). 14 lots (1,428 shares) for small NII and 67 lots (6,834 shares) for big NII represent the lot size investment, which comes to ₹ 10,04,598 and ₹ 2,09,916, respectively. The anticipated listing date for the JSW Cement IPO is set for Thursday, August 14, 2025, and it will be listed on the BSE and NSE. Sajjan Jindal, Parth Jindal, Sangita Jindal, Adarsh Advisory Services Private Limited, and Sajjan Jindal Family Trust are the company promoters. JSW Cement Limited is an Indian company that was founded in 2006 and produces cement. The company, which is a member of the JSW Group, is dedicated to innovation and sustainability in the cement sector. The JSW Cement IPO's book-running lead manager is Jm Financial Limited, while the issue's registrar is Kfin Technologies Limited. The Company proposes to utilise the Net Proceeds from the Issue towards Part financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company General Corporate Purpose Natural disasters, fires, epidemics, pandemics, acts of war, terrorist attacks, civil unrest, and other events could materially and adversely affect company business. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
