JSW Cement IPO Share Price Today: The cement sector is buzzing with action. JSW Cement, a part of multinational JSW conglomerate and one of the leading cement companies in India, is set to launch its public offering. In the latest development, the company has received a green signal from the capital markets regulator SEBI to raise Rs 4,000 crore through an IPO. Further, this will also mark a significant competition in the listed cement sector as it follows Nuvoco Vistas Rs 5,000 crore IPO in August 2021.
If you’re considering participating in the JSW Cement IPO, here is the 11 things you need to know about the upcoming issue.
JSW Cement IPO: What is the Size of the IPO?
A mainboard issue, the IPO will raise Rs 4,000 crore, which includes both a fresh issue of shares and an offer for sale (OFS). It will comprise of a fresh issue of Rs 2,000 crore and an offer-for-sale (OFS) of Rs 2,000 crore from existing investors.
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JSW Cement IPO: Key investors participating in the OFS
The OFS portion of the IPO involves key investors selling their stake in JSW Cement such as AP Asia Opportunistic Holdings, offering Rs 937.5 crore worth of shares, Synergy Metals Investments Holding with Rs 937.5 crore, and State Bank of India (SBI) contributing Rs 125 crore.
JSW Cement IPO: Market segmentation
The shares in the IPO will be divided among different types of investors such as 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Investors
JSW Cement IPO: Use of funds raised
The company plans to use the funds raised from the public issue for specific purposes such as expanding its capacity and reducing its debt. The cement-maker will use Rs 800 crore for setting up a new integrated cement facility in Nagaur, Rajasthan and Rs 720 crore will be allocated for debt repayment. Thereafter, the company will use the remaining funds for general corporate purposes.
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JSW Cement IPO: Debt situation
As of March 31, 2024, JSW Cement’s total liabilities stood at approximately Rs 8,933.42 crore, which includes both short-term and long-term financial obligations.
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