Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Part-financing new integrated cement unit
Part financing of the cost of setting up a new integrated cement manufacturing unit at Nagaur, Rajasthan.
Repayment of borrowings
Prepayment or repayment, in full or in part, of certain outstanding borrowings of the company.
General corporate purposes
Balance proceeds for general corporate purposes.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
JSW Cement Limited is part of the JSW Group and manufactures cement and cement-related products, including Portland Slag Cement, ground granulated blast furnace slag, and composite cement. Its manufacturing network spans multiple plants across southern, western, and eastern India, including facilities in Karnataka, Maharashtra, West Bengal, Odisha, Andhra Pradesh and Tamil Nadu, and it has been expanding grinding capacity steadily, reaching about 20.6 million tonnes per annum as of March 2024, with plans to scale further toward roughly 40 million tonnes per annum. The company was incorporated in 2006 and has grown its production and sales volumes at a faster pace than the broader Indian cement industry over the decade to FY24. It positions itself as a producer of blended and green cement, making use of industrial by-products such as slag and fly ash in its manufacturing process, and it operates captive power and waste heat recovery infrastructure to support plant operations. JSW Cement draws on the JSW Group's scale and financial backing, and it is investing in new capacity, including a greenfield integrated cement unit in Nagaur, Rajasthan, aimed at extending its presence into North India. Its business remains linked to the cyclical nature of construction and infrastructure demand in India, and it carries a meaningful debt load associated with its capacity expansion program.
JSW Cement raised about Rs 1,080 crore from anchor investors at the IPO cap price of Rs 147 per share, roughly 30 percent of the total issue. The anchor book included global institutions such as BlackRock, Nomura, Goldman Sachs, Morgan Stanley, Abu Dhabi Investment Authority, Government of Singapore, and Kuwait Investment Authority, alongside domestic investors including SBI Mutual Fund, SBI Life Insurance, Nippon Life India, Aditya Birla Sun Life AMC, and Tata Mutual Fund.
Source: RHP • Analysis provided for informational purposes
Last Updated: 13 July 2026, 5:30 AM
JSW Group backing
The company benefits from the financial strength, brand, and strategic support of the JSW Group and an experienced management team.
Fast-growing scale
JSW Cement has expanded its grinding capacity and sales volumes faster than the broader Indian cement industry over the past decade.
Diversified, green product mix
Its portfolio spans blended cements made with industrial by-products such as slag and fly ash, supporting a lower-carbon manufacturing profile.
Distribution reach
The company has built an extensive sales and distribution network across its core regions in India.
Operational efficiency
Captive power and waste heat recovery systems help control energy costs across its plants.
Weak recent profitability
The company swung from profits in FY23 and FY24 to a loss in FY25, raising questions about near-term earnings stability.
High leverage and capex
Significant existing debt combined with a large ongoing capacity expansion program could pressure the balance sheet.
Related-party exposure
A meaningful share of transactions involve JSW Group entities, which concentrates counterparty and governance risk.
JSW Cement Limited
JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India
View on Maps →No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.
Execution risk on expansion
Future growth depends on completing new capacity, including the Nagaur, Rajasthan unit, on time and on budget.
Industry cyclicality
Demand for cement is tied to construction and infrastructure activity, which can be cyclical and regionally uneven.