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JSW Cement IPO GMP & Review: Apply or Avoid?

Posted by : sachet | Tue Aug 05 2025

JSW Cement IPO GMP & Review: Apply or Avoid?

JSW Cement IPO is open for bidding from 7th August 2025 to 11th August 2025. It is a bookbuilding IPO of ₹3,600.00 crore, comprising a fresh issue of 10.88 crore shares and the offer for sale of 13.61 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 14th August 2025. 

JSW Cement IPO Details 

The JSW Cement IPO date is fixed between 7th August 2025 and 11th August 2025. The face value of JSW Cement IPO shares stands at ₹10 per share, and the IPO price band is set between ₹139 and ₹147 per share.

Kfin Technologies Limited is the registrar of the JSW Cement IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

IPO Open Date7th August 2025
IPO Close Date11th August 2025
IPO Allotment Date12th August 2025
Refund Initiation 13th August 2025
Issue Size24,48,97,958 shares(aggregating up to ₹3,600.00 Cr)
Fresh Issue10,88,43,537 shares(aggregating up to ₹1,600.00 Cr)
Offer for Sale13,60,54,421 shares of ₹10(aggregating up to ₹2,000.00 Cr)
Face Value₹10 per share
Lot Size102 Shares
Issue Price Band₹139 to ₹147 per share
Issue TypeBookbuilding IPO
Listing AtBSE & NSE
Listing Date14th August 2025

JSW Cement IPO Share Reservation

JSW Cement IPO is a book building IPO of ₹3,600.00 crores, comprising a fresh issue of 10.88 crore shares. JSW Cement Limited shares will be listed on the BSE and NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Investor CategoriesShares Offered
QIB Shares OfferedNot more than 50% of the  Offer
Retail Shares OfferedNot less than 35% of the Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer

JSW Cement IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the JSW Cement IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

GMP DateIPO PriceGMPEstimated Listing Price Estimated Listing Gains
05-08-2025₹147.00₹19.00₹166.0012.93%
04-08-2025₹147.00₹19.00₹166.0012.93%
03-08-2025₹147.00₹0.00₹147.000.00%
02-08-2025₹147.00₹0.00₹147.000.00%

As of 5th August 2025, JSW Cement IPO GMP stands at ₹19 per share, which means the share will likely show a listing at ₹166 on its tentative listing date, 14th August 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the JSW Cement IPO GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

JSW Cement IPO GMP Review

Check out the detailed JSW Cement IPO GMP review for a thorough understanding of its potential to report listing gains on 14th August 2025. The JSW Cement IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the JSW Cement IPO.

JSW Cement Limited’s revenue decreased by 3% from ₹6,114.60 crores in March 2024 to ₹5,914.67 crores in March 2025. Moreover, the company’s PAT dropped by 394% from ₹62.01 crores to ₹-163.77 crores. Investors can analyse other relevant factors and make a decision accordingly.

JSW Cement Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the JSW Cement IPO for its tentative listing day, 14th August 2025.  

Technical Analysis

A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the JSW Cement IPO.

Key IndicatorsValue
PE Ratio (Price-to-Earnings) -112.61
EPS (Earnings Per Share)-1.31
RoNW-4.85%
ROCE7.05%
ROE-6.90
EBITDA Margin13.78%
Price to Book Value6.16
Market Capitalisation₹20041.46 Cr

The PE ratio of JSW Cement Limited’s share is -112.61, and its Earnings Per Share (EPS) stands at -1.31. Thus, the JSW Cement Limited IPO can potentially deliver gains on its tentative listing date, 14th August 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of JSW Cement Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

IndicatorsPre-IPOPost-IPO
PE Ratio-112.61-122.38
EPS -1.31-1.20

JSW Cement Limited IPO Peer Comparison

Company NameEPSP/E RatioRoNWFace valueRevenue
JSW Cement Ltd-1.31-112.61-4.85₹10
Ultratech Cement Limited233.7352.428.54₹1071,525
Ambuja Cement Limited17.5234.547.80₹234,326
Shree Cements Limited412.0874.315.21₹1021,025
Dalmia Bharat Limited49.852.403.93₹215,006
JK Cement Limited129.4552.3758.39₹1011,701
The Ramco Cement Limited11.54101.48103.50₹19,415
The India Cements Limited-10.81-33.462.38₹105,056

JSW Cement IPO Subscription Status

JSW Cement IPO is to be opened for bidding on 7th August 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live JSW Cement IPO subscription status. 

Investor CategoryShares OfferedShares SubscribedSubscription to the Times
QIB Shares OfferedNot more than 50% of the  OfferYet to be announcedYet to be announced
Retail Shares OfferedNot less than 35% of the OfferYet to be announcedYet to be announced
NII (HNI) Shares OfferedNot less than 15% of the Net OfferYet to be announcedYet to be announced

About JSW Cement Limited

JSW Cement was incorporated in 2006, Part of the JSW Group prominent leader in the manufacturing of eco-friendly cement in India. The company’s main focus is on sustainability and innovation in producing green cement. JSW is well known for its quality and has a strong market share. Focus on cost efficiency and make it a strong leader in the market, and is driven by the development of the infrastructure sector. The company has raised funds through its IPO for the expansion of production capacity.

  • The company is the fastest-growing cement manufacturing company in India in terms of increase in installed grinding capacity and sales volume.
  • The company is India’s largest manufacturer of GGBS and has a proven track record of scaling up this business.
  • Strategically located plants are well-connected to raw material sources and key consumption markets.
  • The company has the lowest carbon dioxide emission intensity among our peer cement manufacturing companies and the top global cement manufacturing companies.
  • Extensive sales and distribution network in India and a focus on a strong brand.
  • The company benefits from its strong corporate lineage of the JSW Group and its qualified management team.

JSW Cement Limited Financials

The company’s financial analysis is essential before applying for the JSW Cement IPO. Look at the table to learn about JSW Cement Limited’s financials. 

Year Ended31st March 2025 (in cr.)31st March 2024 (in cr.)31st March 2023 (in cr.)
Assets12,003.9411,318.9110,218.61
Revenue5,914.676,114.605,982.21
Profit After Tax-163.7762.01104.04
EBITDA815.321,035.66826.97
Net Worth2,352.552,464.682,292.10
Reserve and surplus1,287.311,399.061.296.66
Total Borrowing6,166.555,835.765,421.54

Explanation

JSW Cement Limited’s revenue decreased by 3% from ₹6,114.60 crores in March 2024 to ₹5,914.67 crores in March 2025. Moreover, the company’s PAT dropped by 394% from ₹62.01 crores to ₹-163.77 crores. Investors can analyse other relevant factors and make a decision accordingly.

Also Read : NSDL IPO GMP: Day 1 IPO Live Updates

JSW Cement IPO Bidding Requirements

Investors can bid for a minimum of 211 shares in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual Investors (Retail) (Min)1102₹14,994
Individual Investors (Retail) (Max131,326₹1,94,922
S-HNI (Min)141,428₹2,09,916
S-HNI (Max)666,732₹9,89,604
B-HNI (Min)676,834₹10,04,598

JSW Cement IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.

Use the lot size calculator to find how many shares you should apply for!

JSW Cement IPO Promoter Holding

Have a look at the table below to check the holdings of JSW Cement Limited’s promoters: 

Sajjan Jindal, Parth Jindal, Sangita Jindal, Adarsh Advisory Services Private Limited, and Sajjan Jindal Family Trust.

Share Holding Pre-Issue78.62%
Share Holding Post-Issue72.34%

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Aim of JSW Cement IPO

The primary aim of the JSW Cement IPO is to raise ₹3,600.00 crores. On the other hand, JSW Cement has decided to utilise these funds in different ways. Explore some of the secondary objectives for the JSW Cement IPO.

  • To meet the general corporate purpose.
  • To prepayment or repayment of borrowings availed by the company.
  • Costing of Establishing a new cement unit at Ngapur, Rajasthan.

Should I Invest in the JSW Cement IPO?

Explore the pros and cons of JSW Cement to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

Pros of JSW Cement IPO

  •  JSW Cement is a rapidly growing firm by focusing on producing green cement.
  •  The company has a strong distribution supply chain network.
  •  The company has a strong commitment towards quality, cost, and sustainability.
  •  There is strong demand for infrastructure and housing growth.
  •  High potential to target the global market and expand globally.
  •  Certified by Industry standards, ISI, BIS, and ISO.

 Cons of JSW Cement IPO

  • High competition among strong competitors, Ultratech, and Shree Cement.
  • There is a technology lag in the company.
  • High expenses erode profitability, like rising fuel prices and logistics costs, and raw material costs.
  • Industry is associated with strict environmental regulations.
  • Heavy reliance on transport leads to delays.

How to Apply for the JSW Cement IPO?

Check the steps mentioned below to apply for JSW Cement Limited.

  • Step 1: Conduct thorough research on the JSW Cement Limited IPO GMP, subscription status, issue size, lot size, and other details. 
  • Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
  • Step 3: Make a bid for one lot of 102 shares worth ₹14,994.

Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the JSW Cement IPO from more than one demat account to increase your allotment chances. 

How to Check the JSW Cement IPO Allotment Status?

You can check whether the JSW Cement IPO allotment is done in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

  • Visit the NSE Official Website.
  • Navigate to the IPO Allotment Section. 
  • Select Equity as the issue type. 
  • Choose the JSW Cement IPO.  
  • Choose whether to proceed with the PAN number or the application number.
  • Submit your details to get the allotment status online. 

Check On the Registrar Portal

  • Visit the registrar portal.
  • Click on the allotment option.
  • Fill in the required details.
  • Click on the submit button to know your JSW Cement IPO allotment status.

Let’s Wrap

JSW Cement IPO is a bookbuilding issue of shares worth ₹3,600.00 crores. The shares of JSW Cement Limited will be listed on BSE and NSE on its tentative listing date of 14th August 2025. Researching the JSW Cement IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on JSW Cement IPO

How is the JSW Cement IPO?

Ans. Currently, on 5th August 2025, the JSW Cement IPO GMP (Grey Market Premium) stands at ₹19. It indicates that the estimated listing price could be ₹166 per share. It is a bookbuilding IPO of ₹3,600.00 crores, comprising a fresh issue of 10.88 crore shares. And offer for sale of 13.61 crore shares. The face value of each share of JSW Cement Limited is ₹10. 

What is the JSW Cement IPO price?

Ans. The JSW Cement IPO price band has been set between ₹139 and ₹147 per share.  Retail investors can apply for a minimum of 1 lot consisting of 102 shares worth ₹14,994. Moreover, HNIs are required to bid for a minimum of 14 lots (1,428 shares) worth ₹2,09,916.

Is the JSW Cement IPO good?

Ans. JSW Cement Limited’s revenue decreased by 3% from ₹6,114.60 crores in March 2024 to ₹5,914.67 crores in March 2025. Moreover, the company’s PAT dropped by 394% from ₹62.01 crores to ₹-163.77 crores. Investors can analyse other relevant factors and make a decision accordingly.

Who is the registrar of the JSW Cement IPO?

Ans. Kfin Technology Limited is the registrar of the JSW Cement IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the JSW Cement allotment and refund, you can contact Kfin Technology Limited at reachus@kfintech.com.04067162222, 04079611000. 

What is the issue size of the JSW Cement IPO? 

Ans. JSW Cement IPO is a bookbuilding IPO for 10.88 crore shares worth ₹3,600.00 crores. Moreover, the IPO is set to open on 7th August 2025 and will close on 11th August 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the JSW Cement IPO, download the JSW Cement IPO RHP and JSW Cement IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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