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The JSW Cement IPO allotment status is finally out, and investors are gearing up for the highly anticipated listing on August 14, 2025. With strong subscription numbers, steady grey market activity, and a solid brand reputation, the debut of JSW Cement shares is one of the most talked-about events in the market this week.
JSW Cement IPO Allotment Status – Finalised on August 12
The allotment process for the ₹3,600 crore JSW Cement IPO was completed on August 12, 2025, just one day after bidding closed. Investors can now check their allotment status via BSE, NSE, or the registrar KFin Technologies.
Here’s a quick guide to check on the KFin Tech portal:
- Visit KFinTech IPO status page
- Select ‘JSW Cement Limited’ from the dropdown
- Enter your PAN, application number, or Demat ID
- Click ‘Submit’ to view your allotment result
For BSE:
- Visit BSE IPO allotment page
- Select Equity as the issue type
- Choose ‘JSW Cement Ltd’
- Enter application number or PAN
- Click ‘Search’
JSW Cement IPO Strong Subscription Numbers Reflect Investor Confidence
The JSW Cement IPO received 7.77 times overall subscription. The category-wise demand was impressive:
- Qualified Institutional Buyers (QIBs): 15.80 times
- Non-Institutional Investors (NIIs): 10.97 times
- Retail Investors: 1.81 times
Such high institutional demand is often considered a strong vote of confidence in a company’s long-term growth potential.
IPO Price Band, Minimum Investment, and Size
The price band was set between ₹139 to ₹147 per share, with a minimum lot size of 102 shares—meaning a retail investor needed at least ₹14,178 to participate at the upper band.
The IPO comprised:
- Fresh issue: ₹1,600 crore (to fund expansion, repay borrowings, and for general corporate purposes)
- Offer for Sale (OFS): ₹2,000 crore by existing shareholders
JSW Cement IPO: Grey Market Premium (GMP) – What It Signals
As of the day before listing, JSW Cement shares were trading in the grey market at a premium of ₹4.5 per share, taking the estimated listing price to around ₹151.5. This represents a 2.89% gain over the IPO upper price band.
While GMP gives an early indication of sentiment, the actual listing price will depend on market conditions and trading activity on August 14.
JSW Cement IPO: Fund Utilisation – A Push Towards Growth
JSW Cement plans to allocate the funds strategically:
- ₹800 crore for a new integrated cement plant in Nagaur, Rajasthan
- ₹520 crore for debt repayment
- Remaining amount for general corporate purposes
About JSW Cement IPO – A Leader in Green Cement
Part of the JSW Group, JSW Cement is one of India’s fastest-growing cement makers with a dominant 84% market share in Ground Granulated Blast Furnace Slag (GGBS). As of March 31, 2025, the company operated seven manufacturing plants with a combined grinding capacity of 20.60 million tonnes per annum.
In FY25, JSW Cement sold 7.09 million tonnes of cement and 5.2 million tonnes of GGBS, demonstrating its commitment to sustainable construction materials.
JSW Cement IPO: Listing Date – August 14, 2025
Mark your calendars—JSW Cement shares will list on both the BSE and NSE on August 14, 2025. Given the positive subscription response and steady GMP, market watchers are expecting a steady to modestly positive listing.
JSW Cement IPO: Final Thoughts
With strong institutional backing, strategic fund allocation, and a solid position in the green cement market, JSW Cement’s IPO debut is shaping up to be an exciting opportunity for both short-term traders and long-term investors.
Investors should, however, keep an eye on overall market sentiment on the listing day, as it could influence price movement despite the positive fundamentals.
JSW Cement IPO FAQ
1. Why Is JSW Cement IPO Exciting?
JSW Cement, a green cement pioneer under JSW Group, dominates with an 84% GGBS market share. Operating seven plants with 20.60 MMTPA capacity, it sold 7.09M tonnes of cement and 5.2M tonnes of GGBS in FY25. Promoters include Sajjan Jindal and family, making this IPO a green growth opportunity!
2. How Was the IPO Subscription?
The IPO was subscribed 7.77 times overall, with QIBs at 15.80x, NIIs at 10.97x, and retail at 1.81x. By August 11, it hit 8.22x (QIBs: 16.71x, NIIs: 11.60x, retail: 1.91x), reflecting strong investor enthusiasm.
3. What’s the Grey Market Premium (GMP)?
As of August 13, 2025, GMP is Rs 4.5, suggesting a 3% premium over the Rs 147 upper price band, with an estimated listing price of Rs 151.5 (2.99% gain). GMP fluctuates but signals optimism for the August 14 listing.
4. When and Where Is the Listing?
Shares list on BSE and NSE on August 14, 2025. Priced at Rs 139–147, the minimum investment was Rs 14,178 (102 shares) for retail investors.
5. How to Check Allotment Status?
Allotment was finalized on August 12 by KFin Technologies. Check via:
- KFin: Visit ipostatus.kfintech.com, select JSW Cement, enter PAN/application number/Demat, and submit.
- BSE: Go to bseindia.com/investors/appli_check.aspx, select Equity, JSW Cement, enter PAN/application number, complete captcha, and search.
- NSE: Visit nseindia.com/invest/check-trades-bids-verify-ipo-bids, select JSW Cement (JSWCEMENT), enter PAN/application number, and submit.
6. What’s the IPO Size and Structure?
The Rs 3,600 crore IPO includes a Rs 1,600 crore fresh issue (10.88 crore shares) and a Rs 2,000 crore OFS (13.61 crore shares) by shareholders like Apollo Management and SBI. Reservations: 50% QIBs, 15% NIIs, 35% retail.
7. How Will Funds Be Used?
The Rs 1,600 crore fresh issue funds a new Rajasthan cement unit (Rs 800 crore), debt repayment (Rs 520 crore), and general corporate purposes, fueling sustainable growth.
8. What Do Brokerages Say?
Anand Rathi sees long-term potential despite a 36.7x EV/EBITDA valuation, citing JSW’s GGBS focus and northern expansion. Deven Choksey notes pricing challenges but praises capacity growth. Bajaj Broking highlights FY24 P/E at 319.57, with FY25 showing a revenue dip (Rs 59.15B) and PAT loss (-Rs 1.64B).
9. What Are the Key Dates?
Bidding: August 7–11, 2025. Allotment: August 12. Refunds/Demat: August 13. Listing: August 14 on BSE/NSE.
10. Why Be Bullish on JSW Cement?
Despite FY25’s revenue dip (3% to Rs 59.15B) and PAT loss (-Rs 1.64B), JSW’s green focus, GGBS leadership, and expansion plans align with India’s infrastructure boom, promising strong future returns.