Markets / IPO / JSW Cement

JSW Cement IPO

Updated 17:57

Mainboard IPO on NSE and BSE · Cement & Cement Products

Status

Listed

Price band

₹139–147

Lot size

102 shares · ₹14,994

Subscribed

7.77×

How it listed

Issue price

₹147

Listing price (open)

₹153.50 +4.42%

First-day close

₹146.07 -0.63%

Price now

₹123.41 -16.05%

Listing day	14 Aug 2025
Open / high / low / close	₹153.50 / ₹154.77 / ₹145.05 / ₹146.07
Shares traded on NSE	10,52,74,421
Market value at the listing-day close	₹19,758 cr

Closing prices since listing: 26 Oct ₹117.60, 27 Oct ₹116.61, 28 Oct ₹115.18, 29 Oct ₹115.81, 30 Oct ₹115.50, 2 Nov ₹119.96, 3 Nov ₹121.97, 4 Nov ₹121.79, 5 Nov ₹122.52, 6 Nov ₹123.28.

JSW Cement share price, live chart and technicals →

Key dates

Bidding opens	7 Aug 2025
Bidding closes	11 Aug 2025
Allotment	12 Aug 2025
Refunds and shares in demat	13 Aug 2025
Listing	14 Aug 2025

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Anchor investors	7,34,69,386	28.84%	–
Institutions (QIB)	5,17,98,561	20.33%	–
HNI / NII	3,88,48,921	15.25%	–
HNI, above ₹10 lakh	2,58,99,281	10.17%	3,789
HNI, ₹2–10 lakh	1,29,49,640	5.08%	9,068
Retail	9,06,47,482	35.58%	8,88,700

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	102	₹14,994
Retail (maximum)	13	1,326	₹1,94,922
Small HNI (minimum)	14	1,428	₹2,09,916
Small HNI (maximum)	66	6,732	₹9,89,604
Big HNI (minimum)	67	6,834	₹10,04,598

At ₹147 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 2

Retail allotments available

8,88,700 × one lot

Retail portion subscribed

1.81×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	5,17,98,561	81,86,50,266	15.80×
HNI / NII	3,88,48,921	42,63,56,022	10.97×
HNI, above ₹10 lakh	2,58,99,281	32,53,54,194	12.56×
HNI, ₹2–10 lakh	1,29,49,640	10,10,01,828	7.80×
Retail	9,06,47,482	16,43,13,636	1.81×
Total	18,12,94,964	1,40,93,19,924	7.77×

NSE and BSE bids together, as of 11 Aug 2025 19:00.

Demand at each price

Top price ₹147	12,759.65 lakh shares	90.5%
Cut-off final price, whatever it is; mostly retail	1,322.09 lakh shares	9.4%
Lower prices ₹139–146	19.54 lakh shares	0.1%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	6 Aug 2025
Anchor shares	7,34,69,386
Raised from anchors	₹1,080.00 cr
Lock-in ends for the first 50% (30 days)	10 Sept 2025
Lock-in ends for the remaining 50% (90 days)	9 Nov 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹19,884 cr	₹16,693 cr
P/E (last 12 months' profit)	26.2	22.0

Revenue, last 12 months	₹7,325 cr
Profit, last 12 months	₹759 cr
Return on equity	11.2%
Debt to equity	0.65

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

IPO details

Price band	₹139–147
Final issue price	₹147
Lot size	102 shares
Minimum investment	₹14,994 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	Re.10 per Equity Share
Industry	Cement & Cement Products
Issue size	₹1,600.00 crore (about 10.88 crore shares) · Fresh issue only
ISIN	INE718I01012
Registrar	KFin Technologies Limited Helpline: +91 40 6716 2222, jswcement.ipo@kfintech.co
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
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 12 Aug 2025. Check it on the registrar's page (KFin Technologies Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the JSW Cement IPO price band and lot size?

The price band is ₹139–147 per share, and one lot is 102 shares (₹14,994 at the upper price).

When is the JSW Cement IPO allotment date?

Allotment was finalised on 12 Aug 2025, the next working day after bidding closed on 11 Aug 2025.

How many times was the JSW Cement IPO subscribed?

In total 7.77 times, on NSE and BSE together; retail 1.81 times.

What is the JSW Cement IPO listing date?

It listed on 14 Aug 2025 on NSE and BSE.

What is the chance of getting JSW Cement IPO shares?

At least 1 in 2 retail applicants got the minimum lot: 8,88,700 retail allotments with the retail portion subscribed 1.81 times. Winners are picked by lottery.

When does the JSW Cement anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 10 Sept 2025 and the 90-day lock-in on the rest ends on 9 Nov 2025; they can sell from the next trading day.

What was the JSW Cement listing gain?

It opened at ₹153.50 against an issue price of ₹147, a gain of 4.42%. It is now down 16.05% from the issue price.