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JSW Cement IPO to List With Modest Premium After 7.77× Subscription

With allotment finalised on August 12, grey market premiums have eased to roughly Rs 4–4.5 ahead of the August 14 listing.

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JSW IPO Allotment Status Online Live Updates: JSW Cement IPO price band is set between Rs 139 to Rs 147.00 per share (Image: Canva)
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Overview

  • The Rs 3,600 crore IPO, split into a Rs 1,600 crore fresh issue and Rs 2,000 crore offer for sale, closed with 7.77 times subscription.
  • Qualified institutional buyers led demand at about 15.8 times their allocation, non-institutional investors subscribed 11 times and retail investors around 1.8 times.
  • KFin Technologies finalised the IPO allotment on August 12 and shares are slated to debut on BSE and NSE on August 14.
  • Grey market premiums have cooled to about Rs 4–4.5, implying an approximate 3 percent uplift over the Rs 147 upper price band.
  • Fresh issue proceeds will fund an integrated plant in Nagaur, Rajasthan, and reduce debt to support JSW Cement’s expansion plans.