JSW Cement IPO GMP & Key Details as of August 09, 2025
JSW Cement IPO:
Grey Market Premium (GMP) and Latest Updates
As of August 09, 2025, the JSW Cement IPO commands a Grey Market Premium (GMP) of ₹9 per share, according to the latest reports. Earlier this month, GMP had fluctuated between ₹19 and ₹4, reflecting market sentiment and retail demand. Today’s GMP suggests an estimated listing price near ₹156 against the IPO price band, hinting at possible listing gains for investors.
IPO Details & Timeline
IPO Open Dates: August 7, 2025 to August 11, 2025
Price Band: ₹139 to ₹147 per share
Lot Size: 102 shares (Minimum investment: approximates ₹14,994)
Total Issue Size: ₹3,600 crore (includes fresh issue ₹1,600 crore + OFS ₹2,000 crore)
Allotment Date: August 12, 2025
Listing Date: August 14, 2025
Registrar: Kfin Technologies Limited
Business Overview
JSW Cement is a key player in India's cement sector, recognized for its green cement products and innovation. The company’s portfolio includes Concreel HD, Ordinary Portland Cement, Portland Slag Cement, Composite Cement, and Ground Granulated Blast Furnace Slag. It operates seven plants across India and one in the UAE, with a grinding capacity of 20.60 MMTPA as of March 2024.
Major objectives for the IPO include expansion, margin improvement, prepayment of borrowings, and the establishment of a new cement unit in Rajasthan.
Subscription Status & Outlook
On Day 2 of the offer, the IPO was subscribed 56%, mainly led by retail and non-institutional investors.
The GMP, having corrected amid market volatility, signals possible listing gains but also reflects cautious investor optimism due to sector trends and valuations.
Analyst Review
Analysts are mostly positive on the JSW Cement IPO, citing:
Strong parentage (JSW Group)
Robust financials and growth trajectory (FY23 revenue ₹4,865.8 crore to ₹5,813 crore in FY25)
Commitment to sustainable products (77% of FY25 sales via green cements)
Expansion plans for grinding capacity to 41.85 MMTPA
However, they advise investors to be mindful of rich valuations and challenges in the broader cement sector.
Should You Apply?
If you are looking for long-term, sustainable sector growth, JSW Cement’s IPO merits attention. Its strong fundamentals and expansion plans make it attractive, but investors should review pricing and sector outlook thoroughly before subscribing.
Stay tuned for live GMP updates and final listing price action this August!
