JSW Cement IPO Day 3: Check GMP, Subscription Status & Key Highlights
The ₹3600 crore JSW Cement IPO opened on August 7, 2025, and is scheduled to close today, August 11, 2025. Till the end of Day 2, the IPO has received a muted response from all the investor categories.
JSW Cement IPO: Issue Details
- Issue Size: JSW Cement IPO is a book-building issue of ₹3600 crores, consisting of a fresh issue of ₹1600 crores and an offer for sale of ₹2000 crores.
- Price Band: The company has set the price band between ₹139 and ₹147 per share.
- Book-running lead managers: JM Financial Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, DAM Capital Advisors Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited.
- Registrar: KFin Technologies Limited
- Listing: The shares are proposed to be listed on the NSE and the BSE on August 5.
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JSW Cement IPO Day 3: Subscription Details
[11-August-2025 5 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
16.71 |
|
Non-Institutional Investors |
11.60 |
|
Retail Individual Investors (RIIs) |
1.91 |
|
Total |
8.22 |
Also Raed : JSW Cement IPO Day 1: Subscription Details , JSW Cement IPO Day 2: Subscription Details, JSW Cement IPO Day 3: Subscription Details
Utilisation of IPO Proceeds
The company aims to use the net proceeds from the fresh issue towards the following objectives.
- Finance the capital expenditure towards establishing a new integrated cement unit at Nagaur, Rajasthan
- Repay/prepay the company’s outstanding borrowings
- General corporate purposes
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JSW Cement IPO GMP Details
As of 11 August 2025, JSW Cement IPO's GMP stood at ₹5. The estimated listing price is ₹152, i.e., a 3.40% gain per share over the upper price band.
Source: Business Standard Report dated 11 August 2025
|
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