JSW Cement IPO Overview
JSW Cement is set to launch its IPO in 2025, aiming to raise approximately ₹4,000 crores through a Book Built Issue. The issue consists of a fresh issue worth ₹2,000 crores and an offer for sale (OFS) of equity shares. The face value of each equity share is ₹10.
The price band for the IPO is yet to be announced, and the IPO will list on both BSE and NSE. Below is a detailed overview of the IPO.
JSW Cement IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹[.] to ₹[.] per share |
| Issue Size | ₹4,000 crores |
| Fresh Issue | ₹2,000 crores |
| Offer for Sale (OFS) | Approx [.] equity shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
JSW Cement IPO Market Lot
The minimum lot size and application amount for JSW Cement IPO will be updated once announced. Here is an example of expected allotment:
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹– |
| Retail Maximum | 13 | – | ₹– |
| S-HNI Minimum | 14 | – | ₹– |
| B-HNI Minimum | 68 | – | ₹– |
JSW Cement IPO Schedule
| Event | Date |
|---|---|
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Basis of Allotment | 2025 |
| Refunds | 2025 |
| Credit to Demat Account | 2025 |
| IPO Listing Date | 2025 |
Company Financial Overview
JSW Cement has displayed consistent growth in revenue but faced a decline in profitability. Below is the financial summary:
| Period Ended | Revenue (₹ Crores) | Expenses (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | ₹4,863.48 | ₹4,465.49 | ₹232.65 | ₹9,272.51 |
| 2023 | ₹5,982.21 | ₹5,838.68 | ₹104.04 | ₹10,218.61 |
| 2024 | ₹6,114.60 | ₹5,808.21 | ₹62.01 | ₹11,318.91 |
Key Performance Indicators (FY 2024)
| KPI | Value |
|---|---|
| ROE | 2.60% |
| ROCE | 11.08% |
| EBITDA Margin | 1.01% |
| PAT Margin | 7.30% |
| Debt to Equity Ratio | N/A |
| Earnings Per Share (EPS) | ₹0.91 |
| Return on Net Worth (RoNW) | 3.64% |
| Net Asset Value (NAV) | ₹24.99 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| UltraTech Cement Limited | 243.05 | 46.55 | 11.63% | ₹2,089.69 | ₹70,908.14 Cr. |
| Ambuja Cements Limited | (17.99) | 37.93 | 8.63% | ₹208.53 | ₹33,159.64 Cr. |
| Shree Cement Limited | 663.98 | 36.57 | 11.57% | ₹5,737.94 | ₹20,520.98 Cr. |
| Dalmia Bharat Limited | 44.05 | 39.57 | 5.04% | ₹874.41 | ₹14,691.00 Cr. |
| JK Cement Limited | 102.35 | 41.31 | 14.73% | ₹694.61 | ₹11,556.00 Cr. |
Objects of the Issue
The funds raised through the IPO will be used for the following purposes:
- New Cement Unit: Part-financing the establishment of an integrated cement unit in Nagaur, Rajasthan.
- Debt Repayment: Prepayment or repayment of existing borrowings.
- General Corporate Purposes: Supporting the company’s operational and expansion requirements.
Promoters of JSW Cement
The promoters of the company include:
- Sajjan Jindal
- Parth Jindal
- Sangita Jindal
- Adarsh Advisory Services Private Limited
- Sajjan Jindal Family Trust
About JSW Cement Limited
JSW Cement is a leading Indian cement manufacturing company with a diverse product portfolio, including:
- Concreel HD (CHD)
- Ordinary Portland Cement (OPC)
- Portland Slag Cement (PSC)
- Composite Cement (CPC)
- Ground Granulated Blast Furnace Slag (GGBS)
The company operates manufacturing facilities across West Bengal, Maharashtra, Karnataka, Odisha, and Andhra Pradesh, with a total installed clinker capacity of 6.44 MMTPA and grinding capacity of 20.60 MMTPA as of March 31, 2024.
IPO Registrar
- Registrar Name: KFin Technologies Limited
- Contact Email: jswcement.ipo@kfintech.com
- Website: KFin Technologies
FAQs
- What is the issue size of the JSW Cement IPO?
The issue size is ₹4,000 crores. - What is the price band for the IPO?
The price band will be announced soon. - When will JSW Cement IPO be listed?
The IPO will list on BSE and NSE in 2025. - How to apply for the IPO?
Applications can be made online via ASBA, UPI, or offline through stockbrokers. - What is the allotment date for JSW Cement IPO?
The allotment date is yet to be announced but will occur in 2025.
Conclusion
JSW Cement IPO presents a promising investment opportunity for long-term investors, with its strong market presence, diversified product portfolio, and plans for capacity expansion. Despite declining profits in recent years, the company’s robust revenue growth and ambitious objectives for the future indicate significant potential.