JSW Cement Ltd. | Globe Capital Market LTD.
JSW Cement Ltd.
Closed
Price Band
₹139 to ₹147 per share
IPO Issue Period
August 7, 2025 to August 11, 2025
Issue Size
₹3,600.00 Cr
Face value
₹10 per share
Fresh issue
₹1,600.00 Cr
Offer for sale
₹2,000.00 Cr
Minimum Shares for Retail
102 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Limited
Tentative Listing Date
Thu, Aug 14, 2025
QIB
50%
NII
15%
Retail
35%

Jm Financial Limited
Axis Capital Limited
Citigroup Global Markets India Private Limited
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Goldman Sachs (India) Securities Private Limited
Jefferies India Private Limited
Kotak Mahindra Capital Company Limited
SBI Capital Markets Limited

JSW Cement Limited is a manufacturer of green cement in India. As part of the JSW Group, the company is committed to sustainability and innovation in the cement industry.

The company operated seven plants across the country, including one integrated unit, one clinker unit, and five grinding units located in Andhra Pradesh (Nandyal plant), Karnataka (Vijayanagar plant), Tamil Nadu (Salem plant), Maharashtra (Dolvi plant), West Bengal (Salboni plant), and Odisha (Jajpur plant and the majority-owned Shiva Cement Limited clinker unit). As of March 31, 2025, JSW Cement Limited had an installed grinding capacity of 20.60 MMTPA, comprising 11.00 MMTPA in the southern region, 4.50 MMTPA in the western region, and 5.10 MMTPA in the eastern region of India.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 5,914.67 6,114.60 5,982.21
Profit After Tax -163.77 62.01 104.04
EPS -1.16 0.91 1.39
OPM (%) 13.78% 16.94% 13.82%
PATM (%) -2.77% 1.01% 1.74%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY25
Net Profits(Cr.)
FY25
JSW Cement Ltd. *20041.46 147 6.26 (126) 5,914.67 -163.77
ACC Ltd. 33,616.74 1,790.15 1.78 13.9 21,762.31 2,399.48
Ambuja Cements Ltd. 149,570.04 605.1 2.75 34.66 35,044.76 5,145.19
The Ramco Cements Ltd. 27,672.20 1,171.10 3.72 101.49 8,518.40 268.14

*Market cap @upper band

 

  • The company is the fastest growing cement manufacturing company in India in terms of increase in installed grinding capacity and sales volume.
  • The company is India’s largest manufacturer of GGBS and has a proven track record of scaling up this business.
  • Strategically located plants well-connected to raw material sources and key consumption markets.
  • The company has lowest carbon dioxide emission intensity among our peer cement manufacturing companies and the top global cement manufacturing companies.
  • Extensive sales and distribution network in India and focus on strong brand.
  • The company benefits from its strong corporate lineage of the JSW Group and its qualified management team.
  • 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 the Company
  • General corporate purposes.

At the upper band of IPO Rs. 147, the stock is valued at (126) times. Hence, Well-informed investors subscribe for medium to long term perspective.

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