JSW Cement IPO opens August 7–11 at ₹139–147. Grey Market Premium trades at ₹19—indicating 13% Listing Upside (₹166). Read all about the issue size, subscription, GMP trends, anchor backing & listing outlook here.
📊 JSW Cement IPO GMP Snapshot
JSW Cement’s IPO is scheduled from August 7 to 11, 2025, with a revised price band of ₹139–₹147 per share. At upper band, the IPO is worth ₹3,600 crore—₹1,600 crore fresh issue and ₹2,000 crore OFS.(turn0search24/turn0search26/turn0news31)
As of August 5, Grey Market Premium (GMP) stands at ₹19/share, implying an expected listing price near ₹166, which is approximately 13% above the ₹147 upper cap.(turn0news31/turn0news13)
🧾 Key IPO Highlights
| Feature | Details |
|---|---|
| Price Band | ₹139 – ₹147 per share |
| Total Issue Size | ₹3,600 crore |
| Fresh Issue | ₹1,600 crore |
| Offer for Sale (OFS) | ₹2,000 crore |
| Lot Size | 102 shares (~₹14,994 at upper cap) |
| Allotment Date | August 12, 2025 |
| Refund & Demat Credit | August 13, 2025 |
| Listing Date | August 14, 2025 on BSE & NSE |
| (turn0search23/turn0search19/turn0search20) |
🏭 About JSW Cement: Why GMP Is Strong
JSW Cement, a JSW Group company, manufactures eco-friendly cement like PSC, GGBS, and composite variants across seven plants (integrated/clinker units) with a capacity of 20.6 MMTPA. The firm reported revenue of ₹5,813 crore in FY25 and a net loss of ₹163.8 crore (from ₹62 crore profit in FY24), impacting previous investor sentiment.(turn0search27/turn0search26/turn0search23)
Despite the FY25 loss, demand and ESPN sentiment remain firm—thanks to its sustainability focus, strong dealer network, and expansion plans (Nagaur, Rajasthan). GMP recovery indicates renewed investor confidence, driven by institutional backing.(turn0search26/turn0news30/turn0news2)
📈 Why ₹19 GMP Is Important
- Reflects Strong Demand: ₹19 GMP after price band announcement shows bullish sentiment and clients expecting decent listing gains.(turn0news31)
- Historically Correlated: GMP over 10% often translates to listing premiums, though not guaranteed.(turn0reddit36, turn0reddit43)
- Cement Sector Buzz: While competitors like UltraTech, Shree Cement trade at high valuations (P/E 60–90×), JSW is priced for growth with a modest P/E (lack of profit in FY25) boosting speculative demand.(turn0search19/turn0search18)
Pros & ⚠️ Risks Ahead
✅ Strengths
- JSW’s sustainability credentials and green cement make it attractive for ESG-focused investors.
- Organic growth path avoids bidding wars until market share reaches 7–8%, as per leadership.(turn0news2)
- Strong distribution network (5,000+ dealers, 164 warehouses) ensures deep market access.(turn0search27)
⚠ Risks
- Q4 FY25 net loss dampens earnings credibility; profitability must return fast.
- Cement market is cyclical; price and volume fluctuations could impact margins.
- GMP is informal and may reverse quickly based on sentiment changes.(turn0reddit44/turn0reddit42)
❓ FAQs
❓ What is the JSW Cement IPO price band?
Set between ₹139 and ₹147 per share, with a face value of ₹10.(turn0search24/turn0search19)
❓ How was the GMP calculated at ₹19?
GMP is the difference between grey market price and issue price. With issue cap at ₹147, GMP ₹19 → expected listing ≈ ₹166.(turn0news31/turn0news13)
❓ When will listing happen?
Allotment finalized August 12; refunds and credits by August 13; listing on August 14, 2025 on NSE & BSE.(turn0search19/turn0search23)
❓ Can GMP change before listing?
Yes—GMP is unregulated and can fluctuate with sentiment shifts. It’s not a guaranteed listing price.(turn0reddit36, turn0reddit44)
📝 Summary Table
| Aspect | Detail |
|---|---|
| 📈 GMP Today | ₹19 (≈13% expected gain) |
| 🚀 Expected Listing Price | Approx. ₹166 |
| 🧾 Issue Timeline | Aug 7–11 (Offer), Aug 12 Allotment, Aug 14 Listing |
| ✅ Strengths | Strong network, green cement focus |
| ⚠ Risks | FY25 loss impact, sector volatility |
🔚 Final Take
The JSW Cement IPO offers an interesting blend of green credentials, network infrastructure, and institutional support—highlighted by its solid ₹19 GMP. But remember, while GMP suggests ~13% potential upside, it’s speculative and not a guarantee.
If you’re looking at listing-day gains, GMP is encouraging. But if you’re planning for long-term investment, watch for turnaround in earnings, incremental capacity in Nagaur, and industry demand recovery. Fundamentals should guide you—not just market chatter. 🧠
⚠️ Disclaimer
This blog is informational only. IPO details, GMP data, and dates are based on public sources as of August 5, 2025. GMP is speculative and not regulated. Consult a SEBI-registered financial advisor before investing.
