IPO Details
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IPO Size
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Schedule of JSW Cement IPO
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Allotment of bids
Refund Initiation
Listing on exchange
Objective of JSW Cement Limited IPO
Part financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan;
Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company;
Industry Outlook
₹1550 -₹1600 crores will be invested between 2025 and 2029 with investment quantum to be around 1.4x of capital expenditure of previous five years. Growth in demand for cement and cement products is expected to rise to 7.5% to 9.5% between FY28 and FY30.
Company Information
JSW Cements Limited is the fastest growing cement manufacturing company in India in terms of increase in installed grinding capacity and sales volume from FY14 to FY24. The company is also India’s largest manufacturer of ground granulated blast furnace slag.
Strengths of JSW Cement Limited IPO
The fastest growing cement manufacturing company in India in terms of increase in installed grinding capacity and sales volume
JSW Cements is the largest manufacturer of GGBS and have a proven record of scaling up the business
Strategically located plants well-connected to raw material sources and key consumption markets
Risks of JSW Cement Limited IPO
The business depends on their ability to mine and procure sufficient limestone for their operations. Their inability to do so on reasonable terms, or at all, can impact the business.
The company is significantly dependent on JSW Steel Limited and its subsidiaries, their related parties, for the supply of blast furnace slag (90.93% of total blast furnace slag consumed in Fiscal 2024), which is a key additive raw material used for manufacturing green cementitious products such as ground granulated blast furnace slag and blended cement. The loss of one or more such suppliers could hurt the business.
SEBI has issued a show case notice to one of its promoters. Any adverse impact could hurt the business.
All Financial Information about JSW Cement Limited
Particulars (in Rs. million)
Particulars (in Rs. million)
Comparison with peers
| Name of the company | Revenue from Operations | Face value per equity share | P/E Ratio | Operating EBITDA | EPS (Basic) | NAV per equity share | RoNW% |
|---|---|---|---|---|---|---|---|
JSW Cement Limited | 6028.103 | 10 | [.] | 1098.933 | 0.91 | 24.99 | 3.64% |
Ultratech Cement Limited | 70908.14 | 10 | 46.55 | 12968.56 | 243.05 | 2,089.69 | 11.63% |
Ambuja Cement Limited | 33159.64 | 2 | 37.93 | 6399.51 | 17.99 | 208.53 | 8.63% |
Shree Cement Limited | 20520.98 | 10 | 36.57 | 4516.740 | 663.98 | 5,737.94 | 11.57% |
Dalmia Bharat Limited | 14691.0 | 2 | 39.57 | 2639.00 | 44.05 | 874.41 | 5.04% |
Anchor Investor Information
IPO Registrar and Book Running Lead Managers
JM Financial Limited
Axis Capital Limited
Citi Global Markets India Private Limited
DAM Capital Advisors Private Limited
Goldman Sachs (India) Private Limited
Jefferies India Private Limited
Kotak Mahindra Capital Company Limited
SBI Capital Markets Limited
Registrar for the IPO is Kfin Technologies Limited
Business Model
JSW Cement earns its revenue from grinding and manufacturing cement. The cement is sold both domestically and internationally.
They manufacture Ground Granulated Blast Furnace Slag (GGBS), an eco-friendly product produced entirely from blast furnace slag.
Company Growth Trajectory
The company’s total income has grown from ₹48,634.77 crores in FY22 to ₹61,145.96 crores in FY24, registering a 25.72% increase.
Company Market Position
JSW Cements is the fastest-growing cement manufacturing company in India in terms of increase in installed grinding capacity and sales volume from FY24, according to the CRISIL report.
JSW Cements Limited Company Profit & Loss
| Metric | FY22 (₹Mn) | FY23 (₹Mn) | FY24 (₹Mn) |
|---|---|---|---|
Total Income | 48,634.77 | 59,822.09 | 61,145.96 |
Profit Before Tax | 3967.33 | 1248.44 | 2243.58 |
Net Profit | 2326.49 | 1040.38 | 620.13 |
EBITDA | 9510.60 | 8269.65 | 10,356.56 |
Cash flow statement
| Metric | FY22 (₹Mn) | FY23 (₹Mn) | FY24 (₹Mn) |
|---|---|---|---|
Profit before tax | 3967.33 | 1248.33 | 2243.58 |
Net Cash from Operating | 3390.13 | 6531.58 | 14077.06 |
Net Cash from Investing | (15297.23) | (17929.12) | (11198.07) |
Net Cash from Financing | 12,598.91 | 10,410.01 | (2208.73) |
Cash & Cash Equivalent (End) | 1648.33 | 511.34 | 1181.60 |
How To Check Allotment Status of JSW IPO?
You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar — Kfin Technology Limited. To check the status on the BSE website:
- Visit the BSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is JSW Cement Ltd
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the Kfin Technology Limited
- Choose “Public Issues” from the “Investor Services” drop-down
- Select JSW Cement Ltd from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
How to Apply for JSW Cement IPO?
To apply for JSW Cement IPO:
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
JSW Cement IPO FAQs
What is the JSW Cement Limited Limited IPO?
The JSW Cement Limited IPO has an issue size of XX crores. The IPO opens for subscription on XX and closes on XX.
Who is the Registrar for JSW Cement Limited Limited IPO?
Kfin Technologies Limited is the registrar for this IPO.
