Of the total allocation, 44.45% shares are assigned to 9 domestic investment funds, which have applicable a total of 20 schemes. MFS paid RS 480 Crore to buy these shares.
More than 22% of the anchorquotum was assigned to 6 funds from the SBI investment fund with SBI Multicap Fund Accounting for Lion’s share at 10.19%. It is followed by SBI Flexicap Fund at 9.26%. Others include Tata Large Cap Fund, Motilal Oswal Large Cap Fund, Baroda BNP Paribas Small Cap, Bandhan Small Cap Fund.
Among the foreign funds are BlackRock Emerging Frontiers Master Funded, Nomura Funds Ireland, Government of Singapore and Morgan Stanley Investment Fund.
JSW Cement IPO GMP today:
The IPO from JSW Cement Limited recommends a Gray Market Premium (GMP) from RS 5, against Monday against RS 19, which indicates an increase of 3.40%.
JSW Cement has announced the price band from RS 139 to RS 147 per own share, with a nominal value of RS 10. The RS 3,600 Crore IPO will be opened on Thursday 7 August for a public subscription and will be concluded on Monday 11 August. The IPO is traded against a gray market premium of RS 20-21, a potential limit of approximately 13.61% on the issue of approximately 13.61% on the issue of approximately 13.61% on the issue of RS 147 per share.
JSW Cement IPO structure and allocation
The IPO consists of a new issue of shares to shares worth RS 1,600 crore and an offer for sale (OFS) of shares that are aggregated up to RS 2,000 crore. The public problem is structured with a maximum of 50% reserved for qualified institutional buyers (QIBS), 15% for non-institutional investors (NIIS) and at least 35% for retail investors.
Within the OFS, Apollo Management, via its Apiliate AP AP ASIA will sell opportunistic holdings PTE LTD, shares worth RS 931.80 CRORE, while Synergy Metals Investments Holding will offer shares with a value of RS 938.50 CRORE, and the State Bank of India will offer.
Synergy Metals is a subsidiary of a private equity fund founded in 2015 by former ArcelorMittal director Sudhir Maheshwari.
Use of yields
According to the concept documents, JSW -Cement plans to allocate RS 800 CRORE to finance a new integrated cement facility in Nagaur, Rajasthan and RS 520 Crore for the repayment or advance payment of the existing loans. The remaining funds are designated for general company expenditure.
JSW Cement, based in Mumbai, was initially planned to increase RS 4,000 crore-similarly between a new problem and an offer for sale (OFS). According to the latest Red Herring Prospectus (RHP), however, the size of the new problem is reduced by RS 400 Crore.
JSW Cement IPO -key dates
The basis of the allocation is expected to be completed on Tuesday 12 August. Restitutions will be processed on Wednesday 13 August and shares will be attributed to Demat accounts on the same day. The share is likely to debut at the BSE and NSE on Thursday, August 14.
Financial performance
JSW Cement reported RS 6,028 Crore in income from activities in FY24, an increase in RS 5,837 Crore a year earlier. However, the net profit dropped to RS 62 CRORE from RS 104 Crore in FY23.
JSW Cement IPO Lead Managers
JM Financial, Axis Capital, Citigroup and Kotak Investment Banking are the book runners for the IPO.
Company data
JSW Cement, part of the JSW group, produces environmentally friendly cement with a focus on sustainability and innovation in the construction sector.
The company has seven factories throughout India, including one integrated unit, one vowel unit and five sharpening units. These facilities are located in Andhra Pradesh (Nandyal), Karnataka (Vijayanagar), Tamil Nadu (Salem), Maharashtra (Dolvi), West Bengal (Salboni) and Odisha (Jajpur), along with the clinker unit in Odenha.
On March 31, 2025, JSW Cement had a totally installed grinding capacity of 20.60 million tons per year (MMTPA), spread over regions as follows: 11.00 mmtpa in the south, 4.50 mmtpa in the west and 5.10 mmtpa in the east.
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