JSW Cement Lists Post Successful IPO

Mumbai, August 15, 2025: JSW Cement Ltd was listed on the stock exchanges on Thursday post the successful IPO, which garnered 7.77 times subscription on the closing day of the share sale. The IPO had a fresh issue of INR 1,600 crore of shares and INR 2,000 crore of shares through offer-for-sale (OFS).

According to the RHP, the company will utilise proceeds worth INR 800 crore to part-finance a new integrated cement unit at Nagaur, Rajasthan, and INR 520 crore for paying debt and the remaining funds for general corporate purposes.

JSW Cement is among the top 10 cement companies in terms of installed capacity and sales volume as of March 3. The installed grinding capacity of the company grew at a CAGR of 12.42 per cent and sales volume (excluding JSW Cement FZC) grew at a CAGR of 15.05 per cent, which is faster than the industry average CAGR of 6.23 per cent for installed capacity and 8.12 per cent for sales volume during the period, according to the CRISIL Report.

JSW Cement is also India’s largest manufacturer of ground granulated blast furnace slag (GGBS) and  has  a proven track record of scaling up this business. The company is also India’s single largest manufacturer of GGBS with a market share in terms of GGBS sales of approximately 84 per cent in fiscal 2025.

Besides, the contribution of GGBS Volume Sold as a percentage of Total Volume Sold increased from 36.67% in FY23 to 40.57% in Fiscal 2024 and 41.03% in FY25.

Further, the strategically located plants of the company are well-connected to raw material sources and key consumption markets in the southern, western and eastern regions of India.

Besides, the company had a track record of the lowest carbon dioxide emission intensity among its peer cement manufacturing companies in India and the top global cement manufacturing companies.

Aligning with the Group’s commitment to sustainability, JSW Cement focuses on manufacturing sustainable products. This approach gives them the distinction of having a clinker to cement ratio of 50.13 per cent, which is lower than the peer average of 66.43 per cent in fiscal 2024.

The company benefits from the visionary stewardship of their promoters, Sajjan Jindal and Parth Jindal and their experienced board of directors and senior management team.

The company plans to continue to deepen its presence in existing markets and grow its market share. For this, it plans to create a pan-India footprint by setting up new plants in north and central India supplemented by expansions in their current regions of operation.