JSW Cement IPO Allotment Status & Latest GMP: The initial public offering of JSW Cement, the cement arm of Sajjan Jindal-led JSW Group, received a strong 8.22x subscription on the final day of bidding
on Tuesday. The basis of allotment for the IPO is expected to be finalised today, Wednesday, August 13. Investors can check their allotment status on the websites of the NSE, the BSE, and registrar Kfin Technologies.
The price of the Rs 3,600-crore IPO was fixed in the range of Rs 139-147 per share.
The IPO’s grey market premium currently stands at 3.06%, indicating a weak market debut.
How To Check JSW Cement IPO Allotment Status Online On BSE
The JSW Cement IPO allotment will most likely take place in the evening today, Monday, August 4. Once finalised, the allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘JSW Cement Ltd’ in the drop-down.
4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option.
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
On Kfin Technologies
You can also visit directly on the registrar Kfin Technologies’ portal — https://ipostatus.kfintech.com/ and check the JSW Cement IPO allotment status.
Steps To Check JSW Cement IPO Allotment Status Online On NSE
The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
JSW Cement IPO Listing Date: When Will JSW Cement’s Shares Be Listed On Exchanges?
The shares of JSW Cement Ltd are scheduled to be listed on both BSE and NSE tomorrow, August 14.
JSW Cement IPO GMP Today
According to market observers, unlisted shares of JSW Cement Ltd are currently trading at Rs 151.5 against the upper IPO price of Rs 147. It means a grey market premium or GMP of Rs 4,5, which is 3.06% over its issue price, indicating weak listing for the issue.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
JSW Cement IPO: More Info
The Rs 3,600-crore IPO was open between August 7 and August 11. On the final day of bidding, the issue received an 8.22x subscription, garnering bids for 1,40,88,35,016 shares as against the 17,14,28,574 shares on offer.
The retail and NII participation stood at 1.91x and 11.60x, respectively. The QIB category received a 16.71x subscription.
The offering comprises a fresh issue of equity shares worth Rs 1,600 crore and an Offer for Sale (OFS) component of up to Rs 2,000 crore by existing shareholders. Under the OFS, Apollo Management, through its affiliate AP Asia Opportunistic Holdings Pte Ltd, will offload shares worth Rs 931.8 crore. Synergy Metals Investments Holding Ltd, a fund promoted by former ArcelorMittal executive Sudhir Maheshwari, will divest shares worth Rs 938.5 crore, while the State Bank of India will sell shares valued at Rs 129.7 crore.
This IPO size is lower than the earlier proposed Rs 4,000 crore.
JSW Cement, part of the diversified JSW Group, on Wednesday mobilised Rs 1,080 crore from anchor investors, a day before its initial share-sale opening for public subscription.
As part of the OFS, private equity giant Apollo Management, through its affiliate AP Asia Opportunistic Holdings Pte Ltd, as well as Synergy Metals Investments Holding Ltd and State Bank of India (SBI) will offload shares.
Synergy Metals Investments Holding is an arm of Synergy Metals and Mining Fund, a private equity fund set up by a former executive of steelmaker ArcelorMittal Sudhir Maheshwari in 2015.
According to the draft papers, the company will utilise proceeds worth Rs 800 crore to part-finance a new integrated cement unit at Nagaur, Rajasthan, and Rs 520 crore for payment of debt and the remaining funds for general corporate purposes.
As of March 31, 2025, JSW Cement’s total borrowings stood at Rs 6,166.6 crore.
On the financial front, the company’s revenue from operations for FY25 stood at Rs 5,813.1 crore against Rs 6,028.10 crore in FY24, and Rs 5,836.72 crore in FY23. The company reported a loss of Rs 163.77 crore in FY25. Its profit was Rs 62 crore in FY24 and Rs 104 crore in FY23.
As of March 31, 2025, JSW Cement had an installed grinding capacity of 20.60 million metric tonnes per annum (MMTPA).
